Cloudera Sees Unusually Large Options Volume (CLDR)

Cloudera Inc (NYSE:CLDR) was the target of some unusual options trading activity on Thursday. Traders purchased 13,318 put options on the stock. This is an increase of 1,471% compared to the average volume of 848 put options.

Shares of CLDR stock opened at $11.71 on Friday. The company has a market capitalization of $2.20 billion, a P/E ratio of -3.63 and a beta of 1.69. Cloudera has a fifty-two week low of $10.07 and a fifty-two week high of $22.42.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). The business had revenue of $144.50 million during the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Research analysts expect that Cloudera will post -0.98 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in CLDR. Renaissance Technologies LLC grew its holdings in shares of Cloudera by 1,081.1% in the third quarter. Renaissance Technologies LLC now owns 1,591,000 shares of the company’s stock valued at $28,081,000 after purchasing an additional 1,456,300 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Cloudera by 7.2% in the third quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock valued at $341,098,000 after purchasing an additional 1,292,651 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd grew its holdings in shares of Cloudera by 2,971.4% in the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 1,228,553 shares of the company’s stock valued at $13,588,000 after purchasing an additional 1,188,553 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Cloudera by 516.4% in the fourth quarter. Two Sigma Investments LP now owns 1,010,116 shares of the company’s stock valued at $11,172,000 after purchasing an additional 846,238 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Cloudera by 85.5% in the third quarter. Deutsche Bank AG now owns 1,640,522 shares of the company’s stock valued at $28,955,000 after purchasing an additional 756,264 shares in the last quarter. Hedge funds and other institutional investors own 83.05% of the company’s stock.

Several equities analysts have issued reports on the stock. DA Davidson decreased their price objective on shares of Cloudera to $23.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank decreased their price objective on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday. Wedbush decreased their price target on shares of Cloudera from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday. Needham & Company LLC decreased their price target on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Cloudera presently has an average rating of “Buy” and a consensus target price of $19.44.

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About Cloudera

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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