Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Cloudera Inc (NYSE:CLDR) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,177,550 shares of the company’s stock, valued at approximately $12,882,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optimum Investment Advisors lifted its stake in Cloudera by 1,000.0% in the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after acquiring an additional 3,000 shares during the period. Penserra Capital Management LLC lifted its stake in Cloudera by 52.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares during the period. Bank of Montreal Can lifted its stake in Cloudera by 112.7% in the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after acquiring an additional 1,946 shares during the period. JOYN Advisors Inc. purchased a new stake in Cloudera in the fourth quarter worth $43,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Cloudera in the first quarter worth $81,000. Institutional investors and hedge funds own 81.09% of the company’s stock.

Cloudera stock traded up $0.15 on Thursday, hitting $10.76. 14,452 shares of the stock traded hands, compared to its average volume of 4,155,925. The firm has a market capitalization of $2.82 billion, a P/E ratio of -9.43 and a beta of 1.58. Cloudera Inc has a 1 year low of $9.94 and a 1 year high of $20.18.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The firm had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) EPS. As a group, equities analysts expect that Cloudera Inc will post -0.93 EPS for the current year.

A number of analysts recently commented on the company. Sanford C. Bernstein raised Cloudera from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Monday, April 8th. Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Wedbush dropped their price target on Cloudera from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Finally, DA Davidson dropped their price target on Cloudera to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.81.

In other Cloudera news, Director Robert G. Bearden sold 624,934 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Stankey acquired 10,000 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $11.55 per share, with a total value of $115,500.00. The disclosure for this purchase can be found here. Company insiders own 30.90% of the company’s stock.

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About Cloudera

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

Further Reading: Quiet Period Expirations

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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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