Cloudera (CLDR) Trading Down 9.6% Following Insider Selling

Cloudera Inc (NYSE:CLDR) traded down 9.6% on Friday following insider selling activity. The company traded as low as $12.69 and last traded at $12.79. 5,470,343 shares were traded during mid-day trading, an increase of 130% from the average session volume of 2,375,148 shares. The stock had previously closed at $14.15.

Specifically, insider Michael Olson sold 27,619 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $18.22, for a total transaction of $503,218.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 165,714 shares of company stock valued at $2,623,805. 30.90% of the stock is owned by company insiders.

A number of research analysts recently commented on the company. Rosenblatt Securities upgraded Cloudera from a “neutral” rating to a “buy” rating in a research note on Friday. UBS Group upgraded Cloudera from a “neutral” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC upgraded Cloudera from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $31.00 in a research note on Monday, November 5th. Finally, ValuEngine upgraded Cloudera from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.67.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $107.68 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. As a group, equities analysts predict that Cloudera Inc will post -1.16 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CLDR. Wells Fargo & Company MN lifted its stake in shares of Cloudera by 30.7% in the first quarter. Wells Fargo & Company MN now owns 86,831 shares of the company’s stock worth $1,874,000 after buying an additional 20,384 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of Cloudera in the first quarter worth approximately $859,000. Principal Financial Group Inc. bought a new position in shares of Cloudera in the first quarter worth approximately $220,000. Legal & General Group Plc lifted its stake in shares of Cloudera by 58.7% in the first quarter. Legal & General Group Plc now owns 37,801 shares of the company’s stock worth $816,000 after buying an additional 13,975 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Cloudera in the second quarter worth approximately $639,000. Institutional investors own 72.49% of the company’s stock.

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Cloudera Company Profile (NYSE:CLDR)

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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