Cloudera (NYSE:CLDR) had its target price hoisted by Mizuho from $21.00 to $24.00 in a research report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.
Other analysts also recently issued research reports about the company. Drexel Hamilton initiated coverage on Cloudera in a report on Tuesday, December 19th. They set a buy rating on the stock. Citigroup upgraded Cloudera from a neutral rating to a buy rating and boosted their price objective for the stock from $17.18 to $23.00 in a report on Wednesday, January 10th. Zacks Investment Research upgraded Cloudera from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, January 15th. Needham & Company LLC started coverage on Cloudera in a report on Friday, January 12th. They issued a buy rating and a $22.00 target price on the stock. Finally, ValuEngine upgraded Cloudera from a sell rating to a hold rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $22.33.
Shares of Cloudera (NYSE:CLDR) opened at $20.29 on Tuesday. Cloudera has a twelve month low of $14.50 and a twelve month high of $23.35.
In other news, VP Wayne Kimber sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total value of $1,792,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Several institutional investors and hedge funds have recently modified their holdings of CLDR. Glynn Capital Management LLC acquired a new position in shares of Cloudera in the 4th quarter valued at about $30,703,000. Schwab Charles Investment Management Inc. increased its holdings in Cloudera by 629.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock worth $6,760,000 after buying an additional 353,109 shares during the last quarter. Hamilton Lane Advisors LLC acquired a new position in Cloudera in the fourth quarter worth approximately $1,181,000. S&CO Inc. acquired a new position in Cloudera in the fourth quarter worth approximately $432,000. Finally, Strs Ohio increased its holdings in Cloudera by 70.0% in the fourth quarter. Strs Ohio now owns 64,100 shares of the company’s stock worth $1,058,000 after buying an additional 26,400 shares during the last quarter. Institutional investors own 74.74% of the company’s stock.
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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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