The Cloudera (CLDR) Coverage Initiated at Mizuho

The Cloudera (CLDR) Coverage Initiated at Mizuho

Mizuho initiated coverage on shares of Cloudera (NASDAQ:CLDR) in a research report released on Wednesday morning. The brokerage issued a neutral rating and a $18.00 target price on the stock.

CLDR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Cloudera from a buy rating to a hold rating in a research note on Monday, October 2nd. BidaskClub cut shares of Cloudera from a buy rating to a hold rating in a research note on Monday, September 18th. Morgan Stanley upped their price target on shares of Cloudera from $18.00 to $19.00 and gave the stock an equal weight rating in a research note on Friday, September 8th. Stifel Nicolaus reiterated a buy rating and issued a $24.00 price target on shares of Cloudera in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $24.00 price target (up previously from $20.00) on shares of Cloudera in a research note on Friday, September 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $22.00.

Cloudera (CLDR) opened at 15.72 on Wednesday. Cloudera has a 1-year low of $15.40 and a 1-year high of $23.35. The firm has a 50 day moving average of $17.85 and a 200-day moving average of $18.33. The company’s market capitalization is $2.07 billion.

Cloudera (NASDAQ:CLDR) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.08. The firm had revenue of $89.80 million during the quarter, compared to the consensus estimate of $85.72 million. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities research analysts anticipate that Cloudera will post ($0.94) earnings per share for the current fiscal year.

In other Cloudera news, Director Ping Li sold 6,528,862 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $103,090,730.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Greylock Xii Gp Llc sold 3,575,098 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $56,450,797.42. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently bought and sold shares of CLDR. Peregrine Capital Management LLC bought a new position in Cloudera during the 2nd quarter valued at about $12,932,000. Moloney Securities Asset Management LLC bought a new position in Cloudera during the 2nd quarter valued at about $276,000. Spark Investment Management LLC bought a new position in Cloudera during the 2nd quarter valued at about $1,036,000. Emerald Advisers Inc. PA bought a new position in Cloudera during the 2nd quarter valued at about $5,706,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Cloudera during the 2nd quarter valued at about $4,648,000.

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