Cloudera (NYSE:CLDR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “

CLDR has been the topic of several other research reports. Raymond James cut Cloudera from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. Citigroup increased their price target on shares of Cloudera from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Morgan Stanley raised their price target on shares of Cloudera from $7.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price objective on shares of Cloudera from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, ValuEngine raised shares of Cloudera from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.45.

CLDR stock traded up $0.40 during mid-day trading on Wednesday, reaching $9.44. 9,322,713 shares of the stock traded hands, compared to its average volume of 6,941,180. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. Cloudera has a 52-week low of $4.89 and a 52-week high of $20.18. The company has a market cap of $2.53 billion, a P/E ratio of -8.28 and a beta of 0.77. The stock’s fifty day moving average is $6.86 and its 200-day moving average is $8.87.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The business had revenue of $196.70 million for the quarter, compared to the consensus estimate of $182.31 million. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The firm’s quarterly revenue was up 78.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. Equities research analysts expect that Cloudera will post -1.04 earnings per share for the current year.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $5.73, for a total transaction of $44,040.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn purchased 439,914 shares of the stock in a transaction on Monday, September 9th. The shares were bought at an average price of $5.00 per share, for a total transaction of $2,199,570.00. In the last ninety days, insiders sold 50,617 shares of company stock valued at $296,583. 17.90% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. acquired a new stake in shares of Cloudera in the second quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Cloudera during the 2nd quarter valued at approximately $51,000. Tower Research Capital LLC TRC boosted its stake in Cloudera by 457.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,985 shares of the company’s stock valued at $63,000 after purchasing an additional 9,835 shares during the period. Spearhead Capital Advisors LLC acquired a new stake in Cloudera in the 2nd quarter valued at approximately $65,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Cloudera in the 2nd quarter valued at approximately $73,000. 71.92% of the stock is owned by hedge funds and other institutional investors.

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.

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