Cloudera (NYSE:CLDR) PT Raised to $15.00

Cloudera (NYSE:CLDR) had its price objective increased by Morgan Stanley from $7.00 to $15.00 in a research note published on Thursday, June 6th, The Fly reports. Morgan Stanley currently has an equal weight rating on the stock.

CLDR has been the subject of a number of other reports. Zacks Investment Research raised shares of Cloudera from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Monday, February 18th. Raymond James lowered shares of Cloudera from an outperform rating to a market perform rating in a research note on Thursday, June 6th. Barclays assumed coverage on shares of Cloudera in a research note on Monday, March 11th. They set an equal weight rating and a $16.00 target price for the company. Wells Fargo & Co lowered shares of Cloudera from an outperform rating to a market perform rating and set a $10.75 target price for the company. in a research note on Thursday, May 23rd. Finally, Citigroup cut their target price on shares of Cloudera from $20.00 to $16.00 and set a buy rating for the company in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Cloudera presently has an average rating of Hold and an average target price of $13.07.

Shares of CLDR traded up $0.05 during mid-day trading on Thursday, reaching $5.31. 5,080,867 shares of the company’s stock were exchanged, compared to its average volume of 5,661,098. Cloudera has a 52-week low of $4.89 and a 52-week high of $20.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $1.48 billion, a P/E ratio of -4.66 and a beta of 0.93. The stock’s 50-day simple moving average is $7.82.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.24. Cloudera had a negative net margin of 44.35% and a negative return on equity of 24.15%. The company had revenue of $187.50 million during the quarter, compared to the consensus estimate of $188.44 million. During the same quarter in the previous year, the firm earned ($0.17) EPS. The company’s revenue was up 81.2% on a year-over-year basis. On average, equities research 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 the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $5.73, for a total value of $44,040.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC lifted its holdings in shares of Cloudera by 1.7% during the 4th quarter. Malaga Cove Capital LLC now owns 45,289 shares of the company’s stock worth $497,000 after acquiring an additional 739 shares during the period. IFP Advisors Inc increased its position in shares of Cloudera by 10.7% during the 4th quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock worth $87,000 after purchasing an additional 770 shares in the last quarter. QS Investors LLC increased its position in shares of Cloudera by 0.4% during the 4th quarter. QS Investors LLC now owns 188,550 shares of the company’s stock worth $2,086,000 after purchasing an additional 800 shares in the last quarter. Quantum Capital Management increased its position in Cloudera by 7.1% in the 4th quarter. Quantum Capital Management now owns 16,494 shares of the company’s stock valued at $182,000 after acquiring an additional 1,089 shares in the last quarter. Finally, American International Group Inc. increased its position in Cloudera by 1.7% in the 4th quarter. American International Group Inc. now owns 69,723 shares of the company’s stock valued at $771,000 after acquiring an additional 1,135 shares in the last quarter. 74.56% of the stock is owned by institutional investors.

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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