Cloudera (NYSE:CLDR) had its price objective reduced by DA Davidson to $23.00 in a research note released on Thursday, The Fly reports. DA Davidson currently has a buy rating on the stock.

Several other analysts have also recently weighed in on CLDR. Zacks Investment Research cut Cloudera from a buy rating to a hold rating in a report on Tuesday, February 26th. Deutsche Bank dropped their price target on Cloudera from $15.00 to $13.00 and set a hold rating for the company in a report on Thursday. Needham & Company LLC dropped their price target on Cloudera from $31.00 to $28.00 and set a strong-buy rating for the company in a report on Thursday. They noted that the move was a valuation call. Bank of America reaffirmed a neutral rating and issued a $18.00 price objective (down from $22.00) on shares of Cloudera in a report on Thursday, December 6th. Finally, ValuEngine cut Cloudera from a buy rating to a hold rating in a report on Wednesday, November 21st. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $19.44.

NYSE:CLDR opened at $11.67 on Thursday. The company has a market cap of $2.20 billion, a P/E ratio of -3.61 and a beta of 1.69. Cloudera has a 1-year low of $10.07 and a 1-year high of $22.42.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. Analysts predict that Cloudera will post -0.98 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Cloudera by 26.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 426,651 shares of the company’s stock valued at $5,820,000 after purchasing an additional 90,477 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Cloudera by 217.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 186,206 shares of the company’s stock valued at $3,284,000 after purchasing an additional 127,627 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Cloudera by 30.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 42,102 shares of the company’s stock valued at $743,000 after purchasing an additional 9,925 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Cloudera in the 3rd quarter valued at $1,138,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Cloudera by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock valued at $61,418,000 after purchasing an additional 403,344 shares during the last quarter. 83.05% of the stock is owned by hedge funds and other institutional investors.

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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