Sylebra HK Co Ltd purchased a new stake in Cloudera (NASDAQ:CLDR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $801,000. Cloudera makes up 0.1% of Sylebra HK Co Ltd’s investment portfolio, making the stock its 19th largest holding.
Several other institutional investors also recently modified their holdings of the stock. FMR LLC acquired a new stake in shares of Cloudera in the second quarter valued at approximately $39,867,000. TimesSquare Capital Management LLC bought a new position in Cloudera in the second quarter valued at approximately $36,154,000. Capital World Investors bought a new position in Cloudera in the second quarter valued at approximately $34,057,000. Glynn Capital Management LLC bought a new position in Cloudera in the second quarter valued at approximately $29,774,000. Finally, JPMorgan Chase & Co. bought a new position in Cloudera in the second quarter valued at approximately $18,831,000.
In other Cloudera news, insider Greylock Xii Gp Llc sold 3,575,098 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total value of $56,450,797.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ping Li sold 6,528,862 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total value of $103,090,730.98. The disclosure for this sale can be found here.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $24.00 price objective (up from $20.00) on shares of Cloudera in a research note on Friday, September 8th. Morgan Stanley raised their price objective on shares of Cloudera from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Mizuho assumed coverage on shares of Cloudera in a research report on Wednesday, October 11th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $24.00 price target on shares of Cloudera in a research report on Friday, September 8th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cloudera presently has an average rating of “Hold” and a consensus target price of $22.00.
Shares of Cloudera (NASDAQ:CLDR) traded up 0.6554% during midday trading on Tuesday, hitting $15.4808. 436,551 shares of the company were exchanged. Cloudera has a one year low of $15.17 and a one year high of $23.35. The firm’s 50 day moving average price is $17.84 and its 200 day moving average price is $18.33. The firm’s market capitalization is $2.04 billion.
Cloudera (NASDAQ:CLDR) last released its earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.08. The firm had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $85.72 million. Cloudera’s revenue for the quarter was up 39.2% on a year-over-year basis. Analysts forecast that Cloudera will post ($0.94) EPS for the current fiscal year.
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