Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Cloudera Inc (NYSE:CLDR) by 43.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,500 shares of the company’s stock after selling 4,265 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Cloudera were worth $60,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Washington Capital Management Inc. grew its stake in shares of Cloudera by 18.6% in the 4th quarter. Washington Capital Management Inc. now owns 31,900 shares of the company’s stock worth $353,000 after buying an additional 5,000 shares during the last quarter. Exencial Wealth Advisors LLC purchased a new stake in shares of Cloudera in the 4th quarter worth approximately $387,000. Vanguard Group Inc grew its stake in shares of Cloudera by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock worth $175,960,000 after buying an additional 468,635 shares during the last quarter. Mondrian Capital Management LLC purchased a new stake in shares of Cloudera in the 4th quarter worth approximately $664,000. Finally, Pier 88 Investment Partners LLC grew its stake in shares of Cloudera by 34.3% in the 4th quarter. Pier 88 Investment Partners LLC now owns 47,370 shares of the company’s stock worth $524,000 after buying an additional 12,100 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, February 18th. Morgan Stanley assumed coverage on Cloudera in a research note on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 price target on the stock. Northland Securities initiated coverage on Cloudera in a research note on Wednesday, January 9th. They issued an “outperform” rating and a $15.00 price target on the stock. Barclays initiated coverage on Cloudera in a research note on Monday, March 11th. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, DA Davidson cut their target price on Cloudera to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.88.
Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The business had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. During the same quarter in the prior year, the business posted ($0.10) earnings per share. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. Equities research analysts anticipate that Cloudera Inc will post -0.93 earnings per share for the current year.
In other news, Director Robert G. Bearden sold 624,934 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Stankey purchased 10,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $11.55 per share, for a total transaction of $115,500.00. The disclosure for this purchase can be found here. 30.90% of the stock is owned by corporate insiders.
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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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