Cloudera, Inc. (NYSE:CLDR) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 19,640,000 shares, a decline of 19.1% from the September 15th total of 24,280,000 shares. Based on an average trading volume of 4,710,000 shares, the days-to-cover ratio is currently 4.2 days.
A number of research analysts have issued reports on the stock. Northland Securities upped their price target on shares of Cloudera from $11.00 to $13.00 and gave the company a "market perform" rating in a research note on Thursday, September 3rd. Zacks Investment Research downgraded shares of Cloudera from a "hold" rating to a "sell" rating in a research report on Wednesday, August 5th. JMP Securities increased their price target on Cloudera from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research report on Thursday, September 3rd. Barclays lifted their price objective on Cloudera from $10.00 to $13.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cloudera in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of $12.71.
Shares of Cloudera stock traded up $0.07 on Friday, hitting $10.71. The company's stock had a trading volume of 3,362,245 shares, compared to its average volume of 5,723,085. Cloudera has a 1 year low of $4.76 and a 1 year high of $14.20. The firm has a fifty day moving average price of $11.31 and a 200-day moving average price of $10.59. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -12.90 and a beta of 1.10.
Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.03. Cloudera had a negative return on equity of 11.29% and a negative net margin of 28.80%. The firm had revenue of $214.30 million during the quarter, compared to analyst estimates of $208.09 million. During the same quarter in the previous year, the business earned ($0.02) EPS. Cloudera's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Cloudera will post -0.27 earnings per share for the current fiscal year.
In other Cloudera news, CAO Scott Reasoner sold 97,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $11.08, for a total transaction of $1,074,760.00. Following the transaction, the chief accounting officer now owns 137,391 shares in the company, valued at approximately $1,522,292.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Murthy sold 67,903 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $11.93, for a total transaction of $810,082.79. Following the transaction, the insider now owns 795,876 shares in the company, valued at approximately $9,494,800.68. The disclosure for this sale can be found here. Insiders own 16.10% of the company's stock.
A number of large investors have recently bought and sold shares of CLDR. S.A. Mason LLC purchased a new stake in Cloudera during the 2nd quarter worth approximately $25,000. MV Capital Management Inc. purchased a new stake in Cloudera during the 2nd quarter worth approximately $25,000. Rockefeller Capital Management L.P. purchased a new stake in Cloudera during the 2nd quarter worth approximately $25,000. Exchange Traded Concepts LLC purchased a new stake in Cloudera during the 2nd quarter worth approximately $38,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Cloudera during the 2nd quarter worth approximately $39,000. Institutional investors own 78.04% of the company's stock.
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.
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