Cloudera (NYSE:CLDR) has been given a $20.00 target price by Nomura in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Nomura’s price objective indicates a potential upside of 63.27% from the company’s previous close.

Other equities analysts have also issued reports about the stock. BTIG Research began coverage on shares of Cloudera in a report on Wednesday, September 12th. They set a “buy” rating for the company. Citigroup lifted their target price on shares of Cloudera from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 10th. ValuEngine upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Needham & Company LLC lifted their target price on shares of Cloudera from $22.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, Rosenblatt Securities upgraded shares of Cloudera from a “neutral” rating to a “buy” rating in a report on Friday, November 9th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Cloudera presently has a consensus rating of “Buy” and an average price target of $21.47.

CLDR stock opened at $12.25 on Thursday. Cloudera has a 52-week low of $10.50 and a 52-week high of $22.42. The company has a market cap of $1.97 billion, a PE ratio of -3.79 and a beta of 1.58.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $118.18 million during the quarter, compared to analyst estimates of $113.60 million. As a group, sell-side analysts predict that Cloudera will post -1.16 EPS for the current fiscal year.

In related news, insider Michael Olson sold 27,619 shares of the business’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 193,333 shares of company stock valued at $2,886,738. 30.90% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in Cloudera in the 3rd quarter worth approximately $407,000. Marshall Wace LLP bought a new stake in Cloudera in the 3rd quarter worth approximately $8,309,000. Vanguard Group Inc. grew its position in Cloudera by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock worth $175,960,000 after purchasing an additional 468,635 shares during the period. Morgan Stanley grew its position in Cloudera by 168.8% in the 3rd quarter. Morgan Stanley now owns 1,192,052 shares of the company’s stock worth $21,039,000 after purchasing an additional 748,571 shares during the period. Finally, Waldron Private Wealth LLC bought a new stake in Cloudera in the 3rd quarter worth approximately $181,000. 75.70% of the stock is 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.

See Also: Return on Investment (ROI)

Analyst Recommendations for Cloudera (NYSE:CLDR)

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