Cloudera Inc (NYSE:CLDR) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 24,280,000 shares, an increase of 19.8% from the August 31st total of 20,270,000 shares. Based on an average daily volume of 5,530,000 shares, the short-interest ratio is presently 4.4 days.
Shares of Cloudera stock traded down $0.28 during trading hours on Friday, reaching $10.61. 2,677,980 shares of the company were exchanged, compared to its average volume of 5,085,356. Cloudera has a 1 year low of $4.76 and a 1 year high of $14.20. The stock’s fifty day moving average is $11.48 and its 200 day moving average is $10.31. The firm has a market cap of $3.28 billion, a PE ratio of -12.78 and a beta of 1.10.
Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.10 earnings per share for the quarter, topping 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 business had revenue of $214.30 million for the quarter, compared to analyst estimates of $208.09 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that Cloudera will post -0.27 earnings per share for the current year.
In related news, CAO Scott Reasoner sold 97,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $11.08, for a total value of $1,074,760.00. Following the transaction, the chief accounting officer now directly owns 137,391 shares in the company, valued at $1,522,292.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Cloudera by 11.5% during the second quarter. Vanguard Group Inc. now owns 20,700,028 shares of the company’s stock worth $263,305,000 after purchasing an additional 2,141,511 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Cloudera by 254.3% during the second quarter. First Trust Advisors LP now owns 14,109,858 shares of the company’s stock worth $179,477,000 after purchasing an additional 10,127,052 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cloudera by 1.7% during the first quarter. Invesco Ltd. now owns 8,386,896 shares of the company’s stock worth $66,005,000 after purchasing an additional 137,452 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Cloudera by 19.1% during the first quarter. Wellington Management Group LLP now owns 7,429,960 shares of the company’s stock worth $58,474,000 after purchasing an additional 1,189,120 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Cloudera by 13.7% during the second quarter. Bank of New York Mellon Corp now owns 6,345,052 shares of the company’s stock worth $80,708,000 after purchasing an additional 762,963 shares in the last quarter. 78.04% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on CLDR shares. ValuEngine cut Cloudera from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Needham & Company LLC reiterated a “hold” rating on shares of Cloudera in a report on Tuesday, September 1st. JMP Securities upped their price objective on Cloudera from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Thursday, September 3rd. Zacks Investment Research lowered Cloudera from a “hold” rating to a “sell” rating in a research report on Wednesday, August 5th. Finally, Barclays boosted their target price on Cloudera from $10.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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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