Shares of Cloudera Inc (NYSE:CLDR) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.60.
Several brokerages have recently weighed in on CLDR. Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. DA Davidson began coverage on Cloudera in a report on Friday, March 9th. They issued a “neutral” rating and a $21.00 price objective for the company. Mizuho upped their price objective on Cloudera from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, March 20th. ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley upped their price objective on Cloudera from $21.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 30th.
Shares of Cloudera stock traded down $0.22 during trading on Wednesday, hitting $21.36. The stock had a trading volume of 958,650 shares, compared to its average volume of 1,193,842. Cloudera has a fifty-two week low of $14.50 and a fifty-two week high of $23.35.
In other news, VP Wayne Kimber sold 100,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total transaction of $1,792,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Greylock Xii GP LLC purchased a new stake in shares of Cloudera during the fourth quarter valued at $111,425,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cloudera by 629.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock valued at $6,760,000 after purchasing an additional 353,109 shares during the last quarter. Glynn Capital Management LLC acquired a new position in Cloudera during the fourth quarter valued at $30,703,000. Spark Investment Management LLC acquired a new position in Cloudera during the fourth quarter valued at $3,839,000. Finally, BlackRock Inc. raised its position in Cloudera by 129.4% during the fourth quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock valued at $263,600,000 after buying an additional 9,001,771 shares during the period. 74.74% of the stock is owned by institutional investors and hedge funds.
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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