Cloudera (NYSE:CLDR) had its price target hoisted by Wedbush from $8.50 to $11.00 in a research note published on Friday, The Fly reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on CLDR. Zacks Investment Research downgraded Cloudera from a hold rating to a sell rating in a research report on Monday, November 18th. DA Davidson boosted their price objective on Cloudera to $11.00 and gave the company a buy rating in a research report on Wednesday, September 25th. Barclays reissued a hold rating and issued a $10.00 price target on shares of Cloudera in a report on Friday, September 6th. ValuEngine cut shares of Cloudera from a strong-buy rating to a buy rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Cloudera in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $11.75.

Shares of Cloudera stock opened at $10.88 on Friday. The firm has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $7.65. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $15.43.

Cloudera (NYSE:CLDR) last posted its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.22. Cloudera had a negative return on equity of 19.19% and a negative net margin of 49.22%. The firm had revenue of $198.30 million for the quarter, compared to analysts’ expectations of $189.08 million. During the same period last year, the firm earned ($0.03) EPS. The company’s quarterly revenue was up 67.8% on a year-over-year basis. On average, equities research analysts forecast that Cloudera will post -1.05 earnings per share for the current year.

In other news, CAO Scott Reasoner sold 6,231 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.96, for a total transaction of $55,829.76. In the last ninety days, insiders have sold 14,862 shares of company stock worth $132,168. 17.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC boosted its position in Cloudera by 170.1% during the third quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock worth $31,000 after acquiring an additional 2,215 shares during the last quarter. Lindbrook Capital LLC purchased a new stake in Cloudera during the 3rd quarter valued at about $35,000. Strs Ohio acquired a new stake in Cloudera in the 3rd quarter valued at about $39,000. AdvisorNet Financial Inc acquired a new stake in Cloudera in the 3rd quarter valued at about $40,000. Finally, Quadrant Capital Group LLC raised its holdings in Cloudera by 2,485.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,094 shares of the company’s stock valued at $44,000 after acquiring an additional 4,897 shares during the last quarter. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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