Rhumbline Advisers grew its holdings in shares of Cloudera Inc (NYSE:CLDR) by 90.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,062 shares of the company’s stock after acquiring an additional 125,509 shares during the quarter. Rhumbline Advisers’ holdings in Cloudera were worth $2,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Washington Capital Management Inc. boosted its position in shares of Cloudera by 18.6% during the 4th quarter. Washington Capital Management Inc. now owns 31,900 shares of the company’s stock valued at $353,000 after acquiring an additional 5,000 shares during the last quarter. Exencial Wealth Advisors LLC bought a new stake in Cloudera in the 4th quarter worth approximately $387,000. Mondrian Capital Management LLC bought a new stake in Cloudera in the 4th quarter worth approximately $664,000. Pier 88 Investment Partners LLC lifted its position in Cloudera by 34.3% in the 4th quarter. Pier 88 Investment Partners LLC now owns 47,370 shares of the company’s stock worth $524,000 after buying an additional 12,100 shares during the last quarter. Finally, FMR LLC lifted its position in Cloudera by 39,526.7% in the 4th quarter. FMR LLC now owns 324,146 shares of the company’s stock worth $3,585,000 after buying an additional 323,328 shares during the last quarter. Hedge funds and other institutional investors own 74.45% of the company’s stock.

Shares of CLDR stock opened at $9.17 on Friday. Cloudera Inc has a fifty-two week low of $9.03 and a fifty-two week high of $20.18.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $209.29 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, research analysts predict that Cloudera Inc will post -0.91 EPS for the current fiscal year.

In related news, Director Michael A. Stankey acquired 10,000 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $11.55 per share, for a total transaction of $115,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert G. Bearden sold 624,934 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.60, for a total value of $7,249,234.40. The disclosure for this sale can be found here. Insiders own 17.90% of the company’s stock.

CLDR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, February 18th. Deutsche Bank dropped their target price on Cloudera from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 14th. Needham & Company LLC dropped their target price on Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 14th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on Cloudera in a research report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Finally, Barclays initiated coverage on Cloudera in a research report on Monday, March 11th. They issued an “equal weight” rating and a $16.00 target price for the company. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Cloudera currently has a consensus rating of “Buy” and a consensus price target of $17.48.

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Cloudera Profile

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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