Monness Crespi & Hardt initiated coverage on shares of Cloudera (NYSE:CLDR) in a research report sent to investors on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating on the stock.
CLDR has been the topic of several other reports. Zacks Investment Research cut shares of Cloudera from a buy rating to a hold rating in a report on Wednesday, January 10th. DA Davidson initiated coverage on shares of Cloudera in a research note on Friday, March 9th. They issued a neutral rating and a $21.00 price objective on the stock. Deutsche Bank cut shares of Cloudera from a buy rating to a hold rating and set a $25.00 price objective on the stock. in a research note on Wednesday, April 4th. Mizuho lifted their price objective on shares of Cloudera from $21.00 to $24.00 and gave the company a buy rating in a research note on Tuesday, March 20th. Finally, ValuEngine raised shares of Cloudera from a sell rating to a hold rating in a research note on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cloudera presently has a consensus rating of Hold and a consensus target price of $21.20.
Shares of CLDR opened at $13.46 on Wednesday. Cloudera has a 12 month low of $12.57 and a 12 month high of $23.35. The company has a market cap of $1,802.14 and a PE ratio of -4.15.
In other news, Director Michael A. Stankey acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were acquired at an average cost of $12.99 per share, with a total value of $324,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional investors have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in Cloudera in the fourth quarter valued at approximately $220,000. Greylock Xii GP LLC acquired a new stake in Cloudera in the fourth quarter valued at approximately $111,425,000. Schwab Charles Investment Management Inc. boosted its position in Cloudera by 629.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock valued at $6,760,000 after buying an additional 353,109 shares in the last quarter. BlackRock Inc. boosted its position in Cloudera by 129.4% in 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 in the last quarter. Finally, Glynn Capital Management LLC acquired a new stake in Cloudera in the fourth quarter valued at approximately $30,703,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.
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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