The Manufacturers Life Insurance Company raised its position in Cloudera Inc (NYSE:CLDR) by 416.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 74,957 shares of the company’s stock after acquiring an additional 60,442 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Cloudera worth $1,238,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CLDR. SeaCrest Wealth Management LLC bought a new position in shares of Cloudera in the fourth quarter valued at approximately $124,000. Keybank National Association OH bought a new position in shares of Cloudera in the fourth quarter valued at approximately $350,000. S&CO Inc. bought a new position in shares of Cloudera in the fourth quarter valued at approximately $432,000. Pier 88 Investment Partners LLC bought a new position in shares of Cloudera in the fourth quarter valued at approximately $446,000. Finally, Strs Ohio lifted its holdings in shares of Cloudera by 70.0% in the fourth quarter. Strs Ohio now owns 64,100 shares of the company’s stock valued at $1,058,000 after purchasing an additional 26,400 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
A number of research firms 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 target price on the stock. ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Morgan Stanley raised their target price on Cloudera from $21.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 30th. Finally, Drexel Hamilton began coverage on Cloudera in a report on Tuesday, December 19th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cloudera currently has an average rating of “Buy” and an average price target of $21.83.
Cloudera Inc (NYSE:CLDR) opened at $19.61 on Friday. Cloudera Inc has a fifty-two week low of $14.50 and a fifty-two week high of $23.35.
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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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