Greylock Xii Gp Llc Sells 3,575,098 Shares of Cloudera (CLDR) Stock
Cloudera (NASDAQ:CLDR) insider Greylock Xii Gp Llc sold 3,575,098 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $56,450,797.42. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Cloudera (CLDR) opened at 17.17 on Wednesday. The company has a 50-day moving average price of $18.10 and a 200-day moving average price of $18.46. The stock’s market cap is $2.26 billion. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35.
Cloudera (NASDAQ:CLDR) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.08. The business had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. The business’s quarterly revenue was up 39.2% on a year-over-year basis. Equities analysts anticipate that Cloudera will post ($0.93) EPS for the current year.
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CLDR has been the topic of a number of recent analyst reports. BidaskClub raised shares of Cloudera from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, September 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $20.00) on shares of Cloudera in a research note on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 target price on shares of Cloudera in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $24.00 target price (up from $20.00) on shares of Cloudera in a report on Friday, September 8th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.50.
Several large investors have recently added to or reduced their stakes in CLDR. Lord Abbett & CO. LLC bought a new stake in shares of Cloudera during the second quarter worth $6,979,000. Intellectus Partners LLC bought a new position in shares of Cloudera in the second quarter worth about $442,000. California State Teachers Retirement System bought a new position in shares of Cloudera in the second quarter worth about $396,000. The Manufacturers Life Insurance Company bought a new position in shares of Cloudera in the second quarter worth about $172,000. Finally, Sylebra HK Co Ltd bought a new position in shares of Cloudera in the second quarter worth about $801,000.
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