Cloudera (NYSE:CLDR) released its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08, Fidelity Earnings reports. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. Cloudera updated its Q4 2019 guidance to $-0.12–0.1 EPS and its FY 2019 guidance to $-0.4–0.38 EPS.

Shares of CLDR stock opened at $11.59 on Thursday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -3.59 and a beta of 1.58. Cloudera has a 1-year low of $10.50 and a 1-year high of $22.42.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $17.95, for a total transaction of $495,761.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 165,714 shares of company stock valued at $2,549,234. 30.90% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in CLDR. OppenheimerFunds Inc. acquired a new position in Cloudera during the 2nd quarter worth $40,920,000. BlackRock Inc. grew its holdings in Cloudera by 12.8% during the 2nd quarter. BlackRock Inc. now owns 18,033,077 shares of the company’s stock worth $245,971,000 after acquiring an additional 2,039,868 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Cloudera by 1,081.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,591,000 shares of the company’s stock worth $28,081,000 after acquiring an additional 1,456,300 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in Cloudera during the 3rd quarter worth $18,594,000. Finally, Millennium Management LLC grew its holdings in Cloudera by 2,235.3% during the 2nd quarter. Millennium Management LLC now owns 1,082,048 shares of the company’s stock worth $14,759,000 after acquiring an additional 1,035,714 shares in the last quarter. 75.70% of the stock is owned by institutional investors.

CLDR has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. ValuEngine downgraded shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Morgan Stanley lifted their price target on shares of Cloudera from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. DA Davidson raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, October 4th. Finally, Stifel Nicolaus lifted their price target on shares of Cloudera from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.67.

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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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Earnings History for Cloudera (NYSE:CLDR)

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