Investment analysts at Nomura started coverage on shares of Cloudera (NYSE:CLDR) in a research report issued on Thursday, The Fly reports. The firm set a “reduce” rating and a $12.00 price target on the stock. Nomura’s price target points to a potential downside of 23.03% from the stock’s current price.

Several other research firms also recently issued reports on CLDR. Morgan Stanley increased their target price on Cloudera from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, June 7th. DA Davidson increased their target price on Cloudera from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. Mizuho lowered their price objective on Cloudera from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Needham & Company LLC lowered their price objective on Cloudera from $26.00 to $22.00 and set a “positive” rating on the stock in a research report on Wednesday, April 4th. Finally, Craig Hallum initiated coverage on Cloudera in a research report on Monday, May 7th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Cloudera has an average rating of “Hold” and an average target price of $19.00.

Shares of NYSE:CLDR traded up $0.12 during trading on Thursday, hitting $15.59. 132,163 shares of the company were exchanged, compared to its average volume of 2,059,774. The company has a market cap of $2.30 billion, a P/E ratio of -4.84 and a beta of 0.65. Cloudera has a 52-week low of $12.57 and a 52-week high of $22.42.

Cloudera (NYSE:CLDR) last posted its earnings results on Wednesday, June 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.01. The firm had revenue of $102.70 million for the quarter, compared to the consensus estimate of $101.52 million. Cloudera had a negative return on equity of 64.55% and a negative net margin of 54.93%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. equities analysts forecast that Cloudera will post -1.33 earnings per share for the current year.

In related news, insider Michael Olson sold 27,619 shares of the stock in a transaction on Wednesday, April 25th. The stock was sold at an average price of $14.17, for a total value of $391,361.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Stankey bought 25,000 shares of Cloudera stock in a transaction that occurred on Monday, April 9th. The stock was purchased at an average cost of $12.99 per share, for a total transaction of $324,750.00. The disclosure for this purchase can be found here. Insiders sold 165,714 shares of company stock worth $2,684,843 in the last quarter. 30.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Cloudera by 129.4% in the fourth quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock valued at $263,600,000 after acquiring an additional 9,001,771 shares during the last quarter. Greylock Xii GP LLC bought a new position in Cloudera in the fourth quarter valued at $111,425,000. TimesSquare Capital Management LLC increased its stake in Cloudera by 12.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,481,732 shares of the company’s stock valued at $40,998,000 after acquiring an additional 271,832 shares during the last quarter. Contour Asset Management LLC bought a new position in Cloudera in the first quarter valued at $36,468,000. Finally, Two Sigma Investments LP bought a new position in Cloudera in the fourth quarter valued at $21,473,000. 72.97% of the stock is currently owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Cloudera (NYSE:CLDR)

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