Cloudera Inc (NYSE:CLDR) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 4,692 put options on the stock. This represents an increase of approximately 1,594% compared to the typical volume of 277 put options.

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Cloudera from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. Needham & Company LLC raised their price objective on shares of Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Stifel Nicolaus raised their price objective on shares of Cloudera from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Citigroup raised their price objective on shares of Cloudera from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Finally, BTIG Research assumed coverage on shares of Cloudera in a research report on Wednesday, September 12th. They set a “buy” rating for the company. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.67.

Shares of CLDR stock opened at $12.15 on Friday. The company has a market cap of $1.85 billion, a PE ratio of -3.76 and a beta of 1.67. Cloudera has a 52 week low of $11.67 and a 52 week high of $22.42.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. The company had revenue of $110.30 million during the quarter, compared to the consensus estimate of $107.68 million. During the same quarter last year, the firm posted ($0.17) EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. Research analysts expect that Cloudera will post -1.16 earnings per share for the current year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $14.64, for a total transaction of $404,342.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 165,714 shares of company stock valued at $2,623,805. Company insiders own 30.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC grew its position in Cloudera by 48.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 69,212 shares of the company’s stock valued at $1,222,000 after purchasing an additional 22,539 shares during the period. Symmetry Peak Management LLC acquired a new stake in Cloudera in the 3rd quarter valued at $1,765,000. Verition Fund Management LLC grew its position in Cloudera by 245.2% in the 3rd quarter. Verition Fund Management LLC now owns 161,435 shares of the company’s stock valued at $2,849,000 after purchasing an additional 114,664 shares during the period. Man Group plc grew its position in Cloudera by 474.2% in the 3rd quarter. Man Group plc now owns 107,935 shares of the company’s stock valued at $1,904,000 after purchasing an additional 89,137 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in Cloudera in the 3rd quarter valued at $456,000. 72.79% of the stock is owned by institutional investors and hedge funds.

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About Cloudera

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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