LPL Financial LLC grew its stake in shares of Cloudera Inc (NYSE:CLDR) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,185 shares of the company’s stock after purchasing an additional 2,135 shares during the quarter. LPL Financial LLC’s holdings in Cloudera were worth $135,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of CLDR. Bank of New York Mellon Corp lifted its position in Cloudera by 26.9% during the second quarter. Bank of New York Mellon Corp now owns 426,651 shares of the company’s stock worth $5,820,000 after acquiring an additional 90,477 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Cloudera in the third quarter valued at approximately $1,138,000. BlackRock Inc. increased its stake in shares of Cloudera by 7.2% during the third quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock worth $341,098,000 after purchasing an additional 1,292,651 shares during the period. Virtu Financial LLC increased its stake in shares of Cloudera by 41.6% during the third quarter. Virtu Financial LLC now owns 25,186 shares of the company’s stock worth $445,000 after purchasing an additional 7,402 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of Cloudera during the third quarter worth approximately $646,000. 81.09% of the stock is owned by hedge funds and other institutional investors.
Cloudera stock opened at $11.11 on Friday. Cloudera Inc has a one year low of $10.07 and a one year high of $20.18.
Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. Cloudera’s revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. Equities analysts predict that Cloudera Inc will post -0.93 earnings per share for the current year.
In related news, Director Michael A. Stankey purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of $11.55 per share, with a total value of $115,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert G. Bearden sold 624,934 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The disclosure for this sale can be found here. Corporate insiders own 30.90% of the company’s stock.
CLDR has been the subject of several recent research reports. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a report on Monday, February 4th. DA Davidson lowered their price objective on Cloudera to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Wedbush dropped their target price on Cloudera from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Morgan Stanley initiated coverage on shares of Cloudera in a research report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Cloudera currently has a consensus rating of “Buy” and a consensus price target of $19.06.
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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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