Man Group plc lifted its position in Cloudera Inc (NYSE:CLDR) by 474.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,935 shares of the company’s stock after purchasing an additional 89,137 shares during the quarter. Man Group plc owned 0.07% of Cloudera worth $1,904,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new stake in Cloudera during the 3rd quarter valued at about $125,000. Great West Life Assurance Co. Can purchased a new stake in Cloudera during the 2nd quarter valued at about $128,000. IFP Advisors Inc boosted its holdings in Cloudera by 641.5% during the 3rd quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock valued at $128,000 after acquiring an additional 6,255 shares during the period. FNY Investment Advisers LLC purchased a new stake in Cloudera during the 3rd quarter valued at about $140,000. Finally, GSA Capital Partners LLP purchased a new stake in Cloudera during the 2nd quarter valued at about $147,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.
In other news, insider Michael Olson sold 27,619 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $12.04, for a total value of $332,532.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 110,476 shares of company stock valued at $1,449,721 in the last three months. Corporate insiders own 30.90% of the company’s stock.
Shares of NYSE:CLDR opened at $11.61 on Friday. Cloudera Inc has a 52-week low of $10.07 and a 52-week high of $22.42. The company has a market capitalization of $1.78 billion, a PE ratio of -3.59 and a beta of 1.34.
Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The firm had revenue of $118.18 million during the quarter, compared to analyst estimates of $113.60 million. On average, research analysts expect that Cloudera Inc will post -0.98 earnings per share for the current fiscal year.
CLDR has been the subject of several research analyst reports. Nomura upgraded Cloudera from a “reduce” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $23.00 in a report on Thursday, October 4th. ValuEngine upgraded Cloudera from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Citigroup dropped their price objective on Cloudera from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, December 7th. Rosenblatt Securities upgraded Cloudera from a “neutral” rating to a “buy” rating in a report on Friday, November 9th. Finally, UBS Group upgraded Cloudera from a “neutral” rating to a “buy” rating in a report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.94.
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.
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