Elmwood Wealth Management Inc. purchased a new position in shares of Cloudera Inc (NYSE:CLDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,391 shares of the company’s stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also modified their holdings of CLDR. Optimum Investment Advisors lifted its holdings in shares of Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 3,000 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Cloudera by 52.3% in the 4th quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares in the last quarter. Bank of Montreal Can lifted its stake in Cloudera by 112.7% in the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after acquiring an additional 1,946 shares in the last quarter. JOYN Advisors Inc. purchased a new stake in Cloudera in the 4th quarter worth about $43,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Cloudera in the 1st quarter worth about $81,000. 74.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cloudera stock opened at $5.29 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15. Cloudera Inc has a 12 month low of $4.89 and a 12 month high of $20.18. The firm has a market cap of $1.45 billion, a P/E ratio of -4.64 and a beta of 1.68.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.24. The business had revenue of $187.50 million for the quarter, compared to the consensus estimate of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. Cloudera’s quarterly revenue was up 81.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) earnings per share. As a group, equities research analysts anticipate that Cloudera Inc will post -0.98 earnings per share for the current fiscal year.

CLDR has been the topic of a number of analyst reports. Needham & Company LLC lowered their price objective on Cloudera from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 14th. They noted that the move was a valuation call. Deutsche Bank lowered their price objective on Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 14th. DA Davidson lowered their price objective on Cloudera to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Morgan Stanley initiated coverage on Cloudera in a report on Tuesday, March 12th. They set an “equal weight” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Cloudera presently has a consensus rating of “Hold” and an average price target of $13.07.

In related news, Director Michael A. Stankey bought 10,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $11.55 per share, with a total value of $115,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.90% of the stock is currently owned by insiders.

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About Cloudera

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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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