Melqart Asset Management UK Ltd bought a new position in shares of Cloudera, Inc. (NYSE:CLDR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 122,188 shares of the company’s stock, valued at approximately $1,487,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CLDR. Clearbridge Investments LLC acquired a new position in Cloudera during the first quarter worth $41,652,000. Bank of New York Mellon Corp boosted its holdings in Cloudera by 33.6% during the first quarter. Bank of New York Mellon Corp now owns 12,796,863 shares of the company’s stock worth $155,737,000 after purchasing an additional 3,221,424 shares during the last quarter. Norges Bank acquired a new position in Cloudera during the fourth quarter worth $31,181,000. Neuberger Berman Group LLC lifted its stake in Cloudera by 23.1% in the first quarter. Neuberger Berman Group LLC now owns 6,792,027 shares of the company’s stock valued at $82,248,000 after acquiring an additional 1,275,564 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Cloudera by 5.9% during the 1st quarter. BlackRock Inc. now owns 17,496,074 shares of the company’s stock worth $212,927,000 after buying an additional 970,727 shares during the last quarter. Institutional investors and hedge funds own 77.75% of the company’s stock.
NYSE CLDR remained flat at $$15.80 on Thursday. 69,692 shares of the company’s stock were exchanged, compared to its average volume of 6,611,715. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -32.94 and a beta of 1.15. Cloudera, Inc. has a twelve month low of $9.34 and a twelve month high of $19.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $14.89.
Several research firms have commented on CLDR. JMP Securities lowered shares of Cloudera from an “outperform” rating to a “market perform” rating in a report on Friday, July 9th. Zacks Investment Research upgraded shares of Cloudera from a “sell” rating to a “hold” rating in a research report on Tuesday, May 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cloudera presently has an average rating of “Hold” and a consensus price target of $15.33.
In other Cloudera news, President Mick Hollison sold 36,682 shares of the company’s stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $15.79, for a total value of $579,208.78. Following the completion of the sale, the president now directly owns 120,607 shares in the company, valued at approximately $1,904,384.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Murthy sold 79,913 shares of the company’s stock in a transaction on Wednesday, July 7th. The stock was sold at an average price of $15.72, for a total value of $1,256,232.36. Following the completion of the sale, the insider now owns 91,091 shares of the company’s stock, valued at $1,431,950.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,675 shares of company stock worth $2,562,727. Insiders own 16.10% of the company’s stock.
Cloudera Company Profile
Cloudera, Inc engages in the provision of data management and analytics software solutions. It operates through Subscription, and Services segments. It offers data hub, data warehouse, machine learning, dataflow, and Hortonworks data platform.The company was founded by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher in June 2008 and is headquartered in Santa Clara, CA.
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