Cloudera Inc (NYSE:CLDR) – Analysts at DA Davidson boosted their FY2020 EPS estimates for shares of Cloudera in a research note issued to investors on Monday, December 9th, Zacks Investment Research reports. DA Davidson analyst R. Jaluria now expects that the company will post earnings of ($0.99) per share for the year, up from their prior forecast of ($1.04). DA Davidson has a “Buy” rating and a $13.00 price objective on the stock. DA Davidson also issued estimates for Cloudera’s Q4 2020 earnings at ($0.22) EPS and FY2021 earnings at ($0.91) EPS.
Cloudera (NYSE:CLDR) last issued its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.22. Cloudera had a negative return on equity of 19.40% and a negative net margin of 49.22%. The firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $189.08 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The company’s revenue was up 67.8% compared to the same quarter last year.
A number of other brokerages also recently issued reports on CLDR. Citigroup increased their price target on shares of Cloudera from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Wells Fargo & Co reiterated a “hold” rating on shares of Cloudera in a research report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Cloudera in a research note on Monday, December 9th. Barclays restated a “hold” rating and issued a $11.00 price target on shares of Cloudera in a research note on Sunday, December 8th. Finally, JMP Securities increased their price target on Cloudera from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Cloudera currently has an average rating of “Hold” and an average price target of $12.32.
Cloudera stock opened at $11.60 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $8.09. Cloudera has a 12 month low of $4.89 and a 12 month high of $15.43. The firm has a market cap of $3.25 billion, a PE ratio of -10.18 and a beta of 0.90.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its stake in Cloudera by 1.0% in the 3rd quarter. Voya Investment Management LLC now owns 88,325 shares of the company’s stock worth $783,000 after purchasing an additional 899 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Cloudera by 6.7% in the third quarter. D.A. Davidson & CO. now owns 32,000 shares of the company’s stock valued at $284,000 after purchasing an additional 2,000 shares during the last quarter. Truvestments Capital LLC lifted 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 buying an additional 2,215 shares in the last quarter. Prudential Financial Inc. lifted its position in Cloudera by 12.3% during the second quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock worth $125,000 after buying an additional 2,600 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Cloudera by 1.0% during the third quarter. California State Teachers Retirement System now owns 367,198 shares of the company’s stock worth $3,253,000 after buying an additional 3,698 shares during the last quarter. 78.41% of the stock is owned by institutional investors.
In other news, CAO Scott Reasoner sold 6,231 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.96, for a total value of $55,829.76. Also, Director Robert G. Bearden sold 196,044 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $11.82, for a total transaction of $2,317,240.08. Following the completion of the transaction, the director now directly owns 438,880 shares in the company, valued at $5,187,561.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,394 shares of company stock worth $2,448,487. 17.90% of the stock is currently owned by insiders.
Cloudera Company 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.