Fmr LLC Invests $39.87 Million in Cloudera (CLDR)
Fmr LLC acquired a new position in shares of Cloudera (NASDAQ:CLDR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,763,273 shares of the company’s stock, valued at approximately $39,867,000. Fmr LLC owned about 2.11% of Cloudera as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in shares of Cloudera during the 2nd quarter worth $17,608,000. Northern Trust Corp acquired a new stake in shares of Cloudera during the 2nd quarter worth $2,572,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Cloudera during the 2nd quarter worth $1,897,000. New York State Common Retirement Fund acquired a new stake in shares of Cloudera during the 2nd quarter worth $237,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Cloudera during the 2nd quarter worth $1,602,000.
In related news, Director Ping Li sold 6,528,862 shares of Cloudera stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total value of $103,090,730.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Greylock Xii Gp Llc sold 3,575,098 shares of Cloudera 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 disclosure for this sale can be found here.
A number of research firms have recently commented on CLDR. Morgan Stanley upped their price objective on Cloudera from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price objective on shares of Cloudera in a report on Friday, September 8th. J P Morgan Chase & Co restated an “overweight” rating and set a $24.00 price objective (up from $20.00) on shares of Cloudera in a report on Friday, September 8th. BidaskClub upgraded Cloudera from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Finally, Zacks Investment Research downgraded Cloudera from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.
Shares of Cloudera (NASDAQ:CLDR) opened at 15.48 on Thursday. The firm’s market capitalization is $2.04 billion. Cloudera has a one year low of $15.23 and a one year high of $23.35. The company has a 50-day moving average price of $17.60 and a 200 day moving average price of $18.26.
Cloudera (NASDAQ:CLDR) last issued its earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.08. The company had revenue of $89.80 million for the quarter, compared to analyst estimates of $85.72 million. Cloudera’s quarterly revenue was up 39.2% on a year-over-year basis. Analysts expect that Cloudera will post ($0.94) earnings per share for the current fiscal year.
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