BTIG Research Cuts Cloudera (NYSE:CLDR) Price Target to $10.00

Cloudera (NYSE:CLDR) had its price target decreased by BTIG Research to $10.00 in a research note published on Thursday, June 6th, The Fly reports. BTIG Research currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

CLDR has been the subject of a number of other reports. Zacks Investment Research downgraded Cloudera from a buy rating to a hold rating in a research note on Wednesday, February 6th. Barclays started coverage on Cloudera in a research report on Monday, March 11th. They set an equal weight rating and a $16.00 price objective for the company. Morgan Stanley started coverage on Cloudera in a research report on Tuesday, March 12th. They set an equal weight rating and a $16.00 price objective for the company. Deutsche Bank cut their price objective on Cloudera from $15.00 to $13.00 and set a hold rating for the company in a research report on Thursday, March 14th. Finally, Needham & Company LLC cut their price objective on Cloudera from $31.00 to $28.00 and set a strong-buy rating for the company in a research report on Thursday, March 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Cloudera has a consensus rating of Hold and a consensus price target of $13.07.

CLDR stock traded down $0.06 during midday trading on Thursday, reaching $5.26. The stock had a trading volume of 16,337,078 shares, compared to its average volume of 13,142,721. The firm has a fifty day moving average price of $7.82. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.46 billion, a P/E ratio of -4.61 and a beta of 1.68. Cloudera has a 52-week low of $4.89 and a 52-week high of $20.18.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.24. The company had revenue of $187.50 million for the quarter, compared to analyst estimates of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The firm’s revenue for the quarter was up 81.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. On average, analysts predict that Cloudera will post -0.98 EPS for the current fiscal year.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of Cloudera stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $5.73, for a total value of $44,040.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Cloudera by 36.0% during the first quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock worth $279,470,000 after purchasing an additional 6,759,290 shares during the last quarter. OppenheimerFunds Inc. increased its position in Cloudera by 174.0% during the first quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock worth $89,927,000 after buying an additional 5,220,000 shares during the period. FMR LLC increased its position in Cloudera by 1,507.0% during the first quarter. FMR LLC now owns 5,208,982 shares of the company’s stock worth $56,987,000 after buying an additional 4,884,836 shares during the period. Neuberger Berman Group LLC increased its position in Cloudera by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock worth $36,015,000 after buying an additional 1,573,072 shares during the period. Finally, Carmignac Gestion increased its position in Cloudera by 18.0% during the fourth quarter. Carmignac Gestion now owns 2,854,768 shares of the company’s stock worth $31,574,000 after buying an additional 436,089 shares during the period. Institutional investors and hedge funds own 74.44% of the company’s stock.

Cloudera Company Profile

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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