Cloudera (CLDR) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Cloudera (NYSE:CLDR) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Cloudera from a buy rating to a hold rating in a research report on Wednesday, January 10th. Citigroup upgraded Cloudera from a neutral rating to a buy rating and boosted their price target for the stock from $17.18 to $23.00 in a research report on Wednesday, January 10th. Drexel Hamilton began coverage on Cloudera in a research report on Tuesday, December 19th. They set a buy rating for the company. Needham & Company LLC began coverage on Cloudera in a report on Friday, January 12th. They issued a buy rating and a $22.00 price objective for the company. Finally, Mizuho upgraded Cloudera from a neutral rating to a buy rating and set a $21.00 price objective for the company in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cloudera presently has a consensus rating of Buy and a consensus target price of $22.00.

Cloudera (NYSE:CLDR) opened at $17.15 on Wednesday. Cloudera has a 12-month low of $14.50 and a 12-month high of $23.35. The stock has a market capitalization of $2,370.00 and a price-to-earnings ratio of -2.38.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.07. research analysts expect that Cloudera will post -3.04 earnings per share for the current year.

In other news, VP Wayne Kimber sold 1,666 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $17.45, for a total value of $29,071.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 105,441 shares of company stock valued at $1,886,643.

Institutional investors have recently made changes to their positions in the company. Glynn Capital Management LLC acquired a new stake in shares of Cloudera in the fourth quarter valued at $30,703,000. S&CO Inc. acquired a new stake in shares of Cloudera during the fourth quarter worth $432,000. Hamilton Lane Advisors LLC acquired a new stake in shares of Cloudera during the fourth quarter worth $1,181,000. Pier 88 Investment Partners LLC acquired a new stake in shares of Cloudera during the fourth quarter worth $446,000. Finally, Peregrine Capital Management LLC raised its position in shares of Cloudera by 0.7% during the fourth quarter. Peregrine Capital Management LLC now owns 1,194,532 shares of the company’s stock worth $19,734,000 after purchasing an additional 8,872 shares during the period. Institutional investors and hedge funds own 36.97% of the company’s stock.

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About Cloudera

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cloudera (NYSE:CLDR)

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