Quantitative Systematic Strategies LLC Purchases New Holdings in Cloudera Inc (CLDR)
Quantitative Systematic Strategies LLC purchased a new stake in Cloudera Inc (NYSE:CLDR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,625 shares of the company’s stock, valued at approximately $171,000.
Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in Cloudera by 112.7% in the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after acquiring an additional 1,946 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Cloudera by 52.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock valued at $40,000 after acquiring an additional 1,270 shares during the last quarter. JOYN Advisors Inc. bought a new position in Cloudera in the fourth quarter valued at about $43,000. IFP Advisors Inc boosted its holdings in Cloudera by 10.7% in the fourth quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock valued at $87,000 after acquiring an additional 770 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its holdings in Cloudera by 29.3% in the fourth quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock valued at $102,000 after acquiring an additional 2,082 shares during the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
Several research firms recently issued reports on CLDR. Deutsche Bank decreased their price target 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 decreased their price target on Cloudera to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Needham & Company LLC decreased their price target 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. Morgan Stanley began coverage on Cloudera in a report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued 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 target price of $18.88.
Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the 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 analyst estimates of $209.29 million. During the same period in the previous year, the company posted ($0.10) EPS. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. Equities research analysts expect that Cloudera Inc will post -0.93 EPS for the current fiscal year.
In other Cloudera news, Director Michael A. Stankey purchased 10,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.55 per share, with a total value of $115,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert G. Bearden sold 624,934 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was 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. Corporate insiders own 30.90% of the company’s stock.
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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