Cloudera (NYSE:CLDR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, January 23rd. The firm presently has a $21.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 16.02% from the stock’s current price.
According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “
Several other brokerages also recently weighed in on CLDR. Drexel Hamilton assumed coverage on shares of Cloudera in a research note on Tuesday, December 19th. They issued a “buy” rating for the company. ValuEngine raised shares of Cloudera from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup raised shares of Cloudera from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.18 to $23.00 in a research note on Wednesday, January 10th. Needham & Company LLC assumed coverage on shares of Cloudera in a research note on Friday, January 12th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Mizuho raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.00.
Cloudera (NYSE:CLDR) last issued its earnings results on Thursday, December 7th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.07. sell-side analysts forecast that Cloudera will post -3.04 earnings per share for the current fiscal year.
In other Cloudera news, VP Wayne Kimber sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total value of $1,792,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 105,441 shares of company stock valued at $1,886,643.
Several institutional investors have recently added to or reduced their stakes in CLDR. SeaCrest Wealth Management LLC purchased a new position in shares of Cloudera during the 4th quarter valued at approximately $124,000. Amalgamated Bank bought a new position in Cloudera during the fourth quarter worth $220,000. Bluestein R H & Co. bought a new position in Cloudera during the fourth quarter worth $248,000. Keybank National Association OH bought a new position in Cloudera during the fourth quarter worth $350,000. Finally, Crestline Management LP acquired a new stake in Cloudera in the fourth quarter worth $363,000. Institutional investors own 37.50% of the company’s stock.
Cloudera Company Profile
Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.
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