Cloudera (NYSE:CLDR) had its price objective decreased by Needham & Company LLC from $31.00 to $28.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. Needham & Company LLC currently has a strong-buy rating on the stock. The analysts noted that the move was a valuation call.

CLDR has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Monday, February 18th. Morgan Stanley assumed coverage on shares of Cloudera in a research note on Tuesday, March 12th. They set an equal weight rating and a $16.00 price objective on the stock. Northland Securities assumed coverage on shares of Cloudera in a research note on Wednesday, January 9th. They set an outperform rating and a $15.00 price objective on the stock. Nomura set a $20.00 price objective on shares of Cloudera and gave the company a buy rating in a research note on Thursday, December 6th. Finally, Bank of America restated a neutral rating and issued a $18.00 target price (down from $22.00) on shares of Cloudera in a research note on Thursday, December 6th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $19.44.

Shares of NYSE:CLDR opened at $11.67 on Thursday. The company has a market cap of $2.20 billion, a PE ratio of -3.61 and a beta of 1.69. Cloudera has a one year low of $10.07 and a one year high of $22.42.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The company had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. During the same period last year, the business posted ($0.10) earnings per share. The business’s revenue was up 39.6% compared to the same quarter last year. As a group, research analysts anticipate that Cloudera will post -0.98 EPS for the current year.

Large investors have recently bought and sold shares of the company. Washington Capital Management Inc. lifted its stake in shares of Cloudera by 18.6% during the fourth 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 period. Exencial Wealth Advisors LLC acquired a new stake in shares of Cloudera during the fourth quarter worth $387,000. Vanguard Group Inc raised its holdings in shares of Cloudera by 4.9% during the third quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock worth $175,960,000 after purchasing an additional 468,635 shares during the last quarter. Mondrian Capital Management LLC purchased a new position in shares of Cloudera during the fourth quarter worth $664,000. Finally, S&CO Inc. raised its holdings in shares of Cloudera by 76.4% during the fourth quarter. S&CO Inc. now owns 112,277 shares of the company’s stock worth $1,242,000 after purchasing an additional 48,642 shares during the last quarter. Institutional investors and hedge funds own 83.05% of the company’s stock.

Cloudera Company Profile

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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