Verition Fund Management LLC purchased a new stake in Cloudera Inc (NYSE:CLDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,270 shares of the company’s stock, valued at approximately $207,000.
Several other hedge funds also recently modified their holdings of CLDR. S.A. Mason LLC purchased a new stake in Cloudera in the second quarter worth $25,000. MV Capital Management Inc. purchased a new stake in Cloudera in the second quarter worth $25,000. Rockefeller Capital Management L.P. purchased a new stake in Cloudera in the second quarter worth $25,000. Exchange Traded Concepts LLC purchased a new stake in Cloudera in the second quarter worth $38,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Cloudera in the second quarter valued at $39,000. 78.04% of the stock is owned by institutional investors.
In other Cloudera news, Director Kevin Klausmeyer sold 41,513 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $12.34, for a total transaction of $512,270.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 16.10% of the company’s stock.
NYSE CLDR opened at $11.13 on Wednesday. Cloudera Inc has a 1-year low of $4.76 and a 1-year high of $14.20. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $11.66 and a 200-day moving average of $10.10. The firm has a market cap of $3.43 billion, a PE ratio of -13.41 and a beta of 1.03.
Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, September 2nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Cloudera had a negative return on equity of 11.29% and a negative net margin of 28.80%. The company had revenue of $214.30 million during the quarter, compared to analyst estimates of $208.09 million. During the same quarter in the previous year, the company posted ($0.02) EPS. Cloudera’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Cloudera Inc will post -0.27 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on CLDR. Bank of America reiterated a “sell” rating and issued a $8.00 price target on shares of Cloudera in a research report on Thursday, June 4th. ValuEngine cut Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Wells Fargo & Company lifted their price target on Cloudera from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Barclays lifted their price target on Cloudera from $10.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Finally, JMP Securities lifted their price target on Cloudera from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.71.
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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