Potrero Capital Research LLC acquired a new position in Cloudera Inc (NYSE:CLDR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 370,439 shares of the company’s stock, valued at approximately $1,949,000.
A number of other hedge funds have also recently made changes to their positions in the stock. New Jersey Better Educational Savings Trust grew its position in shares of Cloudera by 9.1% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the company’s stock worth $126,000 after buying an additional 2,000 shares during the period. NJ State Employees Deferred Compensation Plan grew its position in shares of Cloudera by 2.9% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 72,000 shares of the company’s stock worth $379,000 after buying an additional 2,000 shares during the period. Prudential Financial Inc. grew its position in shares of Cloudera by 12.3% during the 2nd quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock worth $125,000 after buying an additional 2,600 shares during the period. Bank of America Corp DE grew its position in shares of Cloudera by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 281,924 shares of the company’s stock worth $1,484,000 after buying an additional 5,439 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Cloudera by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 50,763 shares of the company’s stock worth $555,000 after buying an additional 6,338 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.
CLDR has been the subject of several analyst reports. Stifel Nicolaus lowered Cloudera from a “buy” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $6.00 in a research report on Thursday, June 6th. Raymond James lowered Cloudera from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Bank of America lowered Cloudera from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 6th. Morgan Stanley boosted their target price on Cloudera from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Finally, Barclays restated a “hold” rating and set a $10.00 target price on shares of Cloudera in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Cloudera has an average rating of “Hold” and an average price target of $12.45.
Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.02. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The business had revenue of $196.70 million for the quarter, compared to analysts’ expectations of $182.31 million. During the same quarter in the previous year, the business posted ($0.08) EPS. Cloudera’s revenue for the quarter was up 78.3% on a year-over-year basis. On average, analysts predict that Cloudera Inc will post -1.04 earnings per share for the current fiscal year.
In other Cloudera news, CAO Scott Reasoner sold 7,688 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $6.46, for a total value of $49,664.48. Following the sale, the chief accounting officer now owns 121,206 shares in the company, valued at approximately $782,990.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carl C. Icahn bought 439,914 shares of the business’s stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Insiders have sold a total of 45,165 shares of company stock worth $272,716 in the last quarter. 17.90% of the stock is currently owned by company insiders.
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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