Cloudera (NYSE:CLDR) PT Lowered to $9.00 at DA Davidson

Cloudera (NYSE:CLDR) had its target price decreased by investment analysts at DA Davidson to $9.00 in a research note issued on Thursday, June 6th, The Fly reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 71.10% from the company’s current price.

CLDR has been the topic of several other reports. Zacks Investment Research raised Cloudera from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, February 18th. Morgan Stanley initiated coverage on Cloudera in a research report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 target price on the stock. Raymond James lowered Cloudera from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Barclays initiated coverage on Cloudera in a research report on Monday, March 11th. They issued an “equal weight” rating and a $16.00 target price on the stock. Finally, Wells Fargo & Co lowered Cloudera from an “outperform” rating to a “market perform” rating and set a $10.75 target price on the stock. in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.07.

Shares of Cloudera stock traded down $0.06 on Thursday, hitting $5.26. 16,337,078 shares of the company’s stock traded hands, compared to its average volume of 13,142,721. The firm has a market capitalization of $1.44 billion, a PE ratio of -4.61 and a beta of 1.68. 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 business’s 50-day simple moving average is $7.82. Cloudera has a 52-week low of $4.89 and a 52-week high of $20.18.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.24. The company had revenue of $187.50 million during the quarter, compared to analysts’ expectations of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The business’s revenue was up 81.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) EPS. As a group, equities research analysts predict that Cloudera will post -0.98 earnings per share for the current fiscal year.

In other news, Director Kimberly Hammonds sold 7,686 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $5.73, for a total transaction of $44,040.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Malaga Cove Capital LLC boosted its stake in Cloudera by 1.7% during the fourth quarter. Malaga Cove Capital LLC now owns 45,289 shares of the company’s stock valued at $497,000 after buying an additional 739 shares in the last quarter. IFP Advisors Inc lifted its stake in Cloudera by 10.7% in the 4th quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock worth $87,000 after acquiring an additional 770 shares in the last quarter. QS Investors LLC lifted its stake in Cloudera by 0.4% in the 4th quarter. QS Investors LLC now owns 188,550 shares of the company’s stock worth $2,086,000 after acquiring an additional 800 shares in the last quarter. Quantum Capital Management raised its stake in shares of Cloudera by 7.1% during the 4th quarter. Quantum Capital Management now owns 16,494 shares of the company’s stock worth $182,000 after purchasing an additional 1,089 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Cloudera by 1.7% during the 4th quarter. American International Group Inc. now owns 69,723 shares of the company’s stock worth $771,000 after purchasing an additional 1,135 shares in the last quarter. 74.44% of the stock is owned by institutional investors and hedge funds.

About Cloudera

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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