Cloudera Inc (NYSE:CLDR) traded up 12.3% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $13.24 and last traded at $13.01. 9,271,128 shares traded hands during trading, an increase of 280% from the average session volume of 2,442,268 shares. The stock had previously closed at $11.59.

The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $118.18 million for the quarter, compared to analyst estimates of $113.60 million. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%.

A number of analysts have recently commented on the company. Bank of America restated a “neutral” rating and issued a $18.00 price target (down from $22.00) on shares of Cloudera in a report on Thursday. Nomura set a $20.00 price target on Cloudera and gave the company a “buy” rating in a report on Thursday. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, DA Davidson upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, October 4th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.60.

In related news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $12.04, for a total value of $332,532.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 165,714 shares of company stock worth $2,549,234. 30.90% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Cloudera by 7.2% in the third quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock valued at $341,098,000 after acquiring an additional 1,292,651 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cloudera by 4.9% in the third quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after acquiring an additional 468,635 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cloudera by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock valued at $61,418,000 after acquiring an additional 403,344 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Cloudera in the second quarter valued at about $40,920,000. Finally, Deutsche Bank AG increased its position in shares of Cloudera by 85.5% in the third quarter. Deutsche Bank AG now owns 1,640,522 shares of the company’s stock valued at $28,955,000 after acquiring an additional 756,264 shares during the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market cap of $1.75 billion, a PE ratio of -4.03 and a beta of 1.58.

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Cloudera Company Profile (NYSE:CLDR)

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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