Valmark Advisers Inc. raised its holdings in shares of Cloudera, Inc. (NYSE:CLDR) by 32.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,388 shares of the company’s stock after buying an additional 8,253 shares during the period. Valmark Advisers Inc.’s holdings in Cloudera were worth $364,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CLDR. S.A. Mason LLC acquired a new stake in shares of Cloudera in the second quarter valued at about $25,000. MV Capital Management Inc. acquired a new position in Cloudera in the 2nd quarter valued at $25,000. Rockefeller Capital Management L.P. acquired a new position in Cloudera in the 2nd quarter valued at $25,000. Freestone Capital Holdings LLC acquired a new position in Cloudera in the 3rd quarter valued at $28,000. Finally, Exchange Traded Concepts LLC acquired a new position in Cloudera in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 78.04% of the company’s stock.
Several equities analysts have issued reports on CLDR shares. Zacks Investment Research cut shares of Cloudera from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th. Northland Securities increased their target price on shares of Cloudera from $11.00 to $13.00 and gave the stock a “market perform” rating in a research report on Thursday, September 3rd. JMP Securities increased their target price on shares of Cloudera from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 3rd. Barclays increased their target price on shares of Cloudera from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley increased their target price on shares of Cloudera from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Cloudera currently has an average rating of “Hold” and a consensus target price of $12.71.
In other news, insider Arun Murthy sold 67,903 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $11.93, for a total value of $810,082.79. Following the transaction, the insider now owns 795,876 shares of the company’s stock, valued at $9,494,800.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Scott Reasoner sold 97,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $11.08, for a total transaction of $1,074,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 137,391 shares in the company, valued at approximately $1,522,292.28. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
Shares of CLDR stock opened at $10.94 on Tuesday. The stock’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $10.97. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -13.18 and a beta of 1.13. Cloudera, Inc. has a one year low of $4.76 and a one year high of $14.20.
Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $214.30 million during the quarter, compared to the consensus estimate of $208.09 million. Cloudera had a negative return on equity of 11.29% and a negative net margin of 28.80%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) earnings per share. As a group, research analysts anticipate that Cloudera, Inc. will post -0.27 EPS for the current year.
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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