Cloudera (CLDR) Price Target Lowered to $22.00 at Citigroup

Cloudera (NYSE:CLDR) had its price target cut by Citigroup from $24.00 to $22.00 in a report issued on Friday. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Rosenblatt Securities upgraded shares of Cloudera from a neutral rating to a buy rating in a research report on Friday, November 9th. Stifel Nicolaus boosted their price target on shares of Cloudera from $22.00 to $25.00 and gave the company a buy rating in a research report on Thursday, October 4th. ValuEngine cut shares of Cloudera from a buy rating to a hold rating in a report on Wednesday, October 24th. Needham & Company LLC upgraded shares of Cloudera from a buy rating to a strong-buy rating and upped their price objective for the stock from $23.00 to $31.00 in a report on Monday, November 5th. Finally, Raymond James upped their price objective on shares of Cloudera from $20.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, October 4th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Cloudera currently has a consensus rating of Buy and an average price target of $21.47.

Shares of NYSE CLDR traded down $0.76 during midday trading on Friday, hitting $12.25. 4,766,162 shares of the company traded hands, compared to its average volume of 3,081,500. Cloudera has a 12-month low of $10.50 and a 12-month high of $22.42. The stock has a market capitalization of $1.97 billion, a P/E ratio of -3.79 and a beta of 1.58.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. Cloudera had a negative net margin of 35.63% and a negative return on equity of 49.93%. The company had revenue of $118.18 million for the quarter, compared to analysts’ expectations of $113.60 million. On average, equities analysts anticipate that Cloudera will post -1.16 EPS for the current year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.95, for a total value of $495,761.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 193,333 shares of company stock worth $2,886,738. Corporate insiders own 30.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. bought a new position in shares of Cloudera in the third quarter worth approximately $125,000. Great West Life Assurance Co. Can bought a new position in shares of Cloudera in the second quarter worth approximately $128,000. IFP Advisors Inc lifted its stake in shares of Cloudera by 641.5% in the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after buying an additional 6,255 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Cloudera in the third quarter worth approximately $140,000. Finally, GSA Capital Partners LLP bought a new position in shares of Cloudera in the second quarter worth approximately $147,000. Institutional investors and hedge funds own 75.70% of the company’s stock.

Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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