Cloudera (NYSE:CLDR) PT Raised to $15.00 at JMP Securities

Cloudera (NYSE:CLDR) had its target price raised by stock analysts at JMP Securities from $12.00 to $15.00 in a research note issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 38.12% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barclays reissued a “hold” rating and set a $10.00 target price on shares of Cloudera in a research note on Friday, September 6th. ValuEngine cut shares of Cloudera from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Bank of America increased their price target on Cloudera from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Friday. Wedbush reissued a “positive” rating and issued a $11.00 price objective (up from $8.50) on shares of Cloudera in a research note on Friday. Finally, Morgan Stanley increased their price target on Cloudera from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.64.

Shares of Cloudera stock traded up $0.85 during trading on Friday, hitting $10.86. The company’s stock had a trading volume of 1,061,818 shares, compared to its average volume of 6,313,182. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37. Cloudera has a 52 week low of $4.89 and a 52 week high of $15.43. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -9.53 and a beta of 0.90. The stock has a 50-day moving average price of $9.07 and a two-hundred day moving average price of $7.64.

Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.22. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $189.08 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The company’s revenue for the quarter was up 67.8% on a year-over-year basis. On average, equities analysts predict that Cloudera will post -1.05 EPS for the current fiscal year.

In other Cloudera news, major shareholder Carl C. Icahn purchased 439,914 shares of Cloudera stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $5.00 per share, with a total value of $2,199,570.00. Also, CAO Scott Reasoner sold 6,397 shares of Cloudera stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.78, for a total transaction of $56,165.66. Following the completion of the sale, the chief accounting officer now directly owns 102,675 shares of the company’s stock, valued at approximately $901,486.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,862 shares of company stock worth $132,168. 17.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLDR. D.A. Davidson & CO. grew its holdings in shares of Cloudera by 6.7% during the third quarter. D.A. Davidson & CO. now owns 32,000 shares of the company’s stock valued at $284,000 after buying an additional 2,000 shares during the last quarter. Truvestments Capital LLC boosted its stake in Cloudera by 170.1% during the 3rd quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the last quarter. Prudential Financial Inc. boosted its stake in Cloudera by 12.3% during the 2nd quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock valued at $125,000 after purchasing an additional 2,600 shares during the last quarter. California State Teachers Retirement System increased its holdings in Cloudera by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 367,198 shares of the company’s stock worth $3,253,000 after purchasing an additional 3,698 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in Cloudera during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.44% 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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