Ameriprise Financial Inc. Invests $467,000 in Cloudera (CLDR)
Ameriprise Financial Inc. acquired a new stake in shares of Cloudera (NASDAQ:CLDR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 29,120 shares of the company’s stock, valued at approximately $467,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. TimesSquare Capital Management LLC bought a new position in Cloudera during the 2nd quarter worth approximately $36,154,000. Emerald Advisers Inc. PA bought a new position in Cloudera during the 2nd quarter worth approximately $5,706,000. Emerald Mutual Fund Advisers Trust bought a new position in Cloudera during the 2nd quarter worth approximately $4,648,000. Peregrine Capital Management LLC bought a new position in Cloudera during the 2nd quarter worth approximately $12,932,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Cloudera during the 2nd quarter worth approximately $848,000.
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In other news, Director Ping Li sold 6,528,862 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total value of $103,090,730.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin I. Cole bought 30,000 shares of the stock in a transaction dated Friday, October 27th. The stock was purchased at an average price of $15.07 per share, with a total value of $452,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 10,123,253 shares of company stock valued at $159,839,219.
Shares of Cloudera (NASDAQ:CLDR) opened at $15.59 on Tuesday.
Cloudera (NASDAQ:CLDR) last released its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.08. The business had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $85.72 million. The company’s quarterly revenue was up 39.2% on a year-over-year basis.
Several equities analysts recently issued reports on CLDR shares. Morgan Stanley restated an “equal weight” rating and set a $18.00 price target (down from $20.00) on shares of Cloudera in a research report on Thursday, July 20th. BidaskClub upgraded Cloudera from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, October 10th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Cloudera in a report on Friday, September 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective on shares of Cloudera in a report on Friday, September 8th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cloudera currently has a consensus rating of “Hold” and a consensus target price of $22.00.
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