Is Cloudera Inc. (NYSE: CLDR) Back In The Buying Zone?

DE Stock
DE Stock

The Vanguard Group, Inc. recently announced the acquisition of new stake in Cloudera Inc. (NYSE:CLDR). The institutional investor has increased its shareholding in the Technology company by 11.41% to 20.16 million shares with purchase of 2.07 million shares. This fresh investment now brings its stake to 6.83% valued currently at $227.24 million. In addition, First Trust Advisors LP raised its holdings by 10.13 million to 14.11 million shares.

With over 8.85 million Cloudera Inc. (CLDR) shares trading Monday and a closing price of $13.21 on the day, the dollar volume was approximately $116.89 million. The shares have shown a positive weekly performance of 11.29% and its price on 08/31/20 gained nearly 2.24%. Currently, there are 295.29M common shares owned by the public and among those 289.38M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for CLDR have a consensus price objective of $12.21. The analysts have set the share’s price value over the next 12 months at a high of $17.00 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Cloudera Inc. stock is 2.80 for the next 12 months. The average price target is -8.19% below its last price level and a downside to the estimated low will see the stock lose -65.13% over that period. But an upside of 22.29% will see the stock hit the forecast high price target while mean target price for the stock is $11.00.

Insiders at the company have transacted a total of 87 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 49 of these insider trades were purchases, accounting for 2,463,679 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 2,755,819 shares.

The top 3 mutual fund holders in Cloudera Inc. are Invesco Oppenheimer Global Opport, First Trust Dow Jones Internet In, and Vanguard Total Stock Market Index. Invesco Oppenheimer Global Opport owns 8.22 million shares of the company’s stock, all valued at over $92.64 million. First Trust Dow Jones Internet In sold 15573.0 shares to see its total holdings shrink to 7.62 million shares valued at over $85.84 million and representing 2.58% of the shares outstanding. Vanguard Total Stock Market Index sold 5124.0 shares to bring its total holdings to over 5.91 million shares at a value of $66.58 million. Vanguard Total Stock Market Index now owns shares totaling to 2.00% of the shares outstanding.

Shares of Cloudera Inc. (NYSE: CLDR) opened at $13.01, up $0.09 from a prior closing price of $12.92. However, the script later closed the day at $13.21, up 2.24%. The company’s stock has a 5-day price change of 11.29% and 17.53% over the past three months. CLDR shares are trading 13.59% year to date (YTD), with the 12-month market performance up to 85.01% higher. It has a 12-month low price of $4.76 and touched a high of $13.93 over the same period. Currently, 8.85 million shares have been traded, compared to an average intraday trading volume of 7.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.57%, 10.99%, and 29.12% respectively.

Institutional ownership of Cloudera Inc. (NYSE: CLDR) shares accounts for 83.00% of the company’s 295.29M shares outstanding. Mutual fund holders own 28.55%, while other institutional holders and individual stakeholders account for 50.59% and 28.28% respectively.

It has a market capitalization of $3.74B and a beta (3y monthly) value of 0.97. The earnings-per-share (ttm) stands at -$1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.43% over the week and 3.76% over the month.

Analysts forecast that Cloudera Inc. (CLDR) will achieve an EPS of $0.06 for the current quarter, $0.07 for the next quarter and $0.42 for 2022. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 0.60%, and 49.46% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate Cloudera Inc. (CLDR) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 11 of the 16 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CLDR, a number of firms have released research notes about the stock. Northland Capital stated their Market Perform rating for the stock in a research note on June 09, 2020, with the firm’s price target at. Morgan Stanley coverage for the Cloudera Inc. (CLDR) stock in a research note released on June 03, 2020 offered a Overweight rating with a price target of $14. JMP Securities was of a view on September 05, 2019 that the stock is Mkt Outperform, while Stifel gave the stock Hold rating on June 06, 2019, issuing a price target of $16- $6. Needham on their part issued Hold rating on June 06, 2019.


Please enter your comment!
Please enter your name here