Insider Buying: Cloudera Inc (CLDR) Director Acquires 25,000 Shares of Stock

Cloudera Inc (NYSE:CLDR) Director Michael A. Stankey purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 9th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $324,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of CLDR stock traded up $0.54 during trading on Wednesday, hitting $14.91. The company’s stock had a trading volume of 2,243,576 shares, compared to its average volume of 2,113,174. Cloudera Inc has a 52 week low of $12.57 and a 52 week high of $23.35. The firm has a market cap of $1,980.09 and a PE ratio of -4.62.

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Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.12. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The business had revenue of $103.50 million during the quarter, compared to analyst estimates of $98.63 million. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. equities research analysts anticipate that Cloudera Inc will post -1.06 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC bought a new position in Cloudera during the fourth quarter valued at $124,000. Amalgamated Bank purchased a new position in shares of Cloudera during the fourth quarter valued at approximately $220,000. Bluestein R H & Co. purchased a new position in shares of Cloudera during the fourth quarter valued at approximately $248,000. Keybank National Association OH purchased a new position in shares of Cloudera during the fourth quarter valued at approximately $350,000. Finally, Crestline Management LP purchased a new position in shares of Cloudera during the fourth quarter valued at approximately $363,000. 74.75% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on CLDR shares. Drexel Hamilton began coverage on Cloudera in a research note on Tuesday, December 19th. They issued a “buy” rating for the company. Citigroup raised Cloudera from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.18 to $23.00 in a report on Wednesday, January 10th. Mizuho raised Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, January 9th. Zacks Investment Research raised Cloudera from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, January 15th. Finally, Needham & Company LLC began coverage on Cloudera in a report on Friday, January 12th. They issued a “buy” rating and a $22.00 target price for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.30.

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About Cloudera

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.

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