Zacks Investment Research Downgrades Cloudera (CLDR) to Hold

Cloudera (NYSE:CLDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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 equities research analysts have also commented on the company. Needham & Company LLC began coverage on Cloudera in a research report on Friday, January 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.18 to $23.00 in a research report on Wednesday, January 10th. Mizuho upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, January 9th. ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Drexel Hamilton began coverage on Cloudera in a research report on Tuesday, December 19th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cloudera has a consensus rating of “Buy” and a consensus price target of $21.50.

Shares of Cloudera (NYSE CLDR) opened at $18.68 on Wednesday. Cloudera has a 52-week low of $14.50 and a 52-week high of $23.35.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.39) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.07. sell-side analysts forecast that Cloudera will post -0.82 EPS 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 document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 105,441 shares of company stock worth $1,886,643.

Hedge funds have recently made changes to their positions in the company. Hamilton Lane Advisors LLC acquired a new position in shares of Cloudera during the 4th quarter worth approximately $1,181,000. Schwab Charles Investment Management Inc. raised its stake in shares of Cloudera by 629.8% during the 4th 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 period. Finally, Glynn Capital Management LLC acquired a new position in shares of Cloudera during the 4th quarter worth approximately $30,703,000. 35.29% of the stock is owned by institutional investors and hedge funds.

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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.

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