Insider Selling: Cloudera Inc (CLDR) Insider Sells 27,619 Shares of Stock

Cloudera Inc (NYSE:CLDR) insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $15.86, for a total transaction of $438,037.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Olson also recently made the following trade(s):

  • On Wednesday, September 26th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $17.95, for a total transaction of $495,761.05.
  • On Wednesday, September 12th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $18.22, for a total transaction of $503,218.18.
  • On Wednesday, August 29th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $14.74, for a total transaction of $407,104.06.
  • On Wednesday, August 1st, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $13.75, for a total transaction of $379,761.25.
  • On Wednesday, July 18th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $14.73, for a total transaction of $406,827.87.

Shares of Cloudera stock opened at $15.51 on Friday. Cloudera Inc has a 52-week low of $12.57 and a 52-week high of $22.42. The company has a market capitalization of $2.67 billion, a P/E ratio of -4.80 and a beta of 0.72.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. The company had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $107.68 million. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, equities research analysts forecast that Cloudera Inc will post -1.16 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CLDR. Wells Fargo & Company MN raised its holdings in Cloudera by 30.7% during the first quarter. Wells Fargo & Company MN now owns 86,831 shares of the company’s stock worth $1,874,000 after purchasing an additional 20,384 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Cloudera during the first quarter worth approximately $138,000. Schwab Charles Investment Management Inc. raised its holdings in Cloudera by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 433,499 shares of the company’s stock worth $9,355,000 after purchasing an additional 24,323 shares in the last quarter. Northern Trust Corp raised its holdings in Cloudera by 2.6% during the first quarter. Northern Trust Corp now owns 1,041,846 shares of the company’s stock worth $22,483,000 after purchasing an additional 26,386 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Cloudera by 57.6% during the first quarter. New York State Common Retirement Fund now owns 99,600 shares of the company’s stock worth $2,149,000 after purchasing an additional 36,400 shares in the last quarter. 72.24% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, June 19th. BTIG Research assumed coverage on shares of Cloudera in a research note on Wednesday, September 12th. They issued a “buy” rating for the company. Nomura upgraded shares of Cloudera from a “reduce” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $23.00 in a research note on Thursday, October 4th. Rosenblatt Securities assumed coverage on shares of Cloudera in a research note on Monday, July 9th. They issued a “neutral” rating and a $17.00 price target for the company. Finally, ValuEngine upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Cloudera presently has a consensus rating of “Buy” and an average target price of $21.43.

Cloudera Company Profile

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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