Cloudera (NYSE:CLDR) had its price target lowered by DA Davidson to $23.00 in a research note published on Thursday, The Fly reports. DA Davidson currently has a buy rating on the stock.

Several other equities analysts have also recently commented on CLDR. ValuEngine cut Cloudera from a buy rating to a hold rating in a research note on Wednesday, November 21st. Nomura set a $20.00 target price on Cloudera and gave the company a buy rating in a research note on Thursday, December 6th. Bank of America reiterated a neutral rating and set a $18.00 target price (down from $22.00) on shares of Cloudera in a research note on Thursday, December 6th. Citigroup reduced their target price on Cloudera from $24.00 to $22.00 and set a buy rating for the company in a research note on Friday, December 7th. Finally, Zacks Investment Research upgraded Cloudera from a hold rating to a buy rating and set a $14.00 target price for the company in a research note on Tuesday, December 11th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $19.44.

Shares of Cloudera stock traded down $0.09 on Thursday, hitting $11.62. 6,672,664 shares of the company’s stock traded hands, compared to its average volume of 4,019,200. The stock has a market cap of $2.20 billion, a P/E ratio of -3.60 and a beta of 1.69. Cloudera has a 52-week low of $10.07 and a 52-week high of $22.42.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). The business had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) earnings per share. Equities analysts forecast that Cloudera will post -0.98 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CLDR. Penserra Capital Management LLC lifted its stake in Cloudera by 52.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock valued at $40,000 after buying an additional 1,270 shares during the last quarter. Bank of Montreal Can lifted its stake in Cloudera by 112.7% in the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after buying an additional 1,946 shares during the last quarter. JOYN Advisors Inc. bought a new stake in Cloudera in the fourth quarter valued at $43,000. IFP Advisors Inc lifted its stake in Cloudera by 10.7% in the fourth quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock valued at $87,000 after buying an additional 770 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its stake in Cloudera by 29.3% in the fourth quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock valued at $102,000 after buying an additional 2,082 shares during the last quarter. Institutional investors own 83.05% of the company’s stock.

Cloudera Company Profile

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.

Read More: Market Capitalization – What it Means for Investors

The Fly

Analyst Recommendations for Cloudera (NYSE:CLDR)

Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.