Cloudera (NYSE:CLDR) had its price target cut by Needham & Company LLC from $31.00 to $28.00 in a research note released on Thursday morning, Marketbeat.com reports. They currently have a strong-buy rating on the stock. The analysts noted that the move was a valuation call.

Several other equities analysts also recently issued reports on CLDR. ValuEngine downgraded shares of Cloudera from a buy rating to a hold rating in a report on Wednesday, November 21st. Nomura set a $20.00 price target on shares of Cloudera and gave the company a buy rating in a report on Thursday, December 6th. Bank of America reissued a neutral rating and set a $18.00 price target (down previously from $22.00) on shares of Cloudera in a report on Thursday, December 6th. Citigroup cut their price objective on shares of Cloudera from $24.00 to $22.00 and set a buy rating on the stock in a research note on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Tuesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $19.44.

Shares of CLDR opened at $11.67 on Thursday. Cloudera has a 1 year low of $10.07 and a 1 year high of $22.42. The firm has a market cap of $2.20 billion, a PE ratio of -3.61 and a beta of 1.69.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. During the same period last year, the firm posted ($0.10) EPS. The business’s revenue was up 39.6% compared to the same quarter last year. Sell-side analysts expect that Cloudera will post -0.98 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC raised its position in Cloudera by 52.3% in the fourth 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 raised its position in Cloudera by 112.7% in the fourth 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. bought a new stake in Cloudera in the fourth quarter worth about $43,000. IFP Advisors Inc raised its position in Cloudera by 10.7% in the fourth quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock worth $87,000 after acquiring an additional 770 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in Cloudera by 29.3% in the fourth quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock worth $102,000 after acquiring an additional 2,082 shares in the last quarter. Institutional investors and hedge funds own 83.05% of the company’s stock.

About Cloudera

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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