Cloudera (NYSE:CLDR) had its price objective lowered by investment analysts at Morgan Stanley from $10.00 to $8.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 2.56% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on CLDR. Craig Hallum restated a “buy” rating and set a $16.00 price objective on shares of Cloudera in a research report on Tuesday, January 14th. Nomura lifted their price objective on shares of Cloudera from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Citigroup lifted their price objective on shares of Cloudera from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Bank of America lifted their price objective on shares of Cloudera from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank lifted their price objective on shares of Cloudera from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Cloudera has an average rating of “Hold” and an average price target of $11.12.

NYSE CLDR traded up $0.25 during trading on Thursday, reaching $8.21. 1,161,751 shares of the company’s stock were exchanged, compared to its average volume of 7,802,764. The business has a 50 day moving average price of $9.07 and a 200-day moving average price of $9.69. The stock has a market capitalization of $2.08 billion, a P/E ratio of -6.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.30 and a quick ratio of 1.30. Cloudera has a fifty-two week low of $4.76 and a fifty-two week high of $12.22.

Cloudera (NYSE:CLDR) last released its earnings results on Tuesday, March 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. Cloudera had a negative return on equity of 17.38% and a negative net margin of 42.38%. The firm had revenue of $211.70 million during the quarter, compared to analysts’ expectations of $201.80 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The company’s quarterly revenue was up 46.5% on a year-over-year basis. On average, analysts forecast that Cloudera will post -0.29 earnings per share for the current year.

In related news, CAO Scott Reasoner sold 6,231 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.94, for a total transaction of $68,167.14. Following the transaction, the chief accounting officer now directly owns 93,573 shares of the company’s stock, valued at approximately $1,023,688.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arun Murthy sold 6,673 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $6.88, for a total value of $45,910.24. Following the transaction, the insider now directly owns 757,995 shares in the company, valued at $5,215,005.60. The disclosure for this sale can be found here. Insiders sold a total of 382,334 shares of company stock valued at $4,397,004 in the last three months. 17.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC raised its stake in shares of Cloudera by 1.0% during the 3rd quarter. Voya Investment Management LLC now owns 88,325 shares of the company’s stock worth $783,000 after purchasing an additional 899 shares in the last quarter. State Street Corp grew its holdings in Cloudera by 0.5% in the 3rd quarter. State Street Corp now owns 4,978,570 shares of the company’s stock valued at $44,110,000 after buying an additional 25,052 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV acquired a new stake in Cloudera in the 4th quarter valued at approximately $791,000. Redwood Investment Management LLC acquired a new stake in Cloudera in the 3rd quarter valued at approximately $1,062,000. Finally, Icahn Carl C acquired a new stake in Cloudera in the 3rd quarter valued at approximately $485,485,000. 75.48% of the stock is currently owned by institutional investors.

Cloudera Company Profile

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.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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