Zacks Investment Research Lowers 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, January 10th.

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. “

Other analysts have also recently issued research reports about the stock. Drexel Hamilton started coverage on shares of Cloudera in a research note on Tuesday, December 19th. They set a “buy” rating for the company. Citigroup upgraded shares of Cloudera from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.18 to $23.00 in a research note on Wednesday, January 10th. Mizuho raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of Cloudera from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $22.00.

Shares of Cloudera (CLDR) traded down $0.65 during mid-day trading on Wednesday, reaching $18.12. 1,001,260 shares of the company’s stock were exchanged, compared to its average volume of 1,393,213. Cloudera has a 12-month low of $14.50 and a 12-month high of $23.35.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.07. equities research analysts expect that Cloudera will post -3.04 EPS for the current year.

In other Cloudera news, VP Wayne Kimber sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were 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 can be accessed through this link. Over the last three months, insiders sold 105,441 shares of company stock worth $1,886,643.

Hedge funds have recently added to or reduced their stakes in the business. Glynn Capital Management LLC bought a new position in Cloudera in the 4th quarter valued at about $30,703,000. S&CO Inc. bought a new position in Cloudera in the 4th quarter valued at about $432,000. Hamilton Lane Advisors LLC bought a new position in Cloudera in the 4th quarter valued at about $1,181,000. Pier 88 Investment Partners LLC bought a new position in Cloudera in the 4th quarter valued at about $446,000. Finally, Peregrine Capital Management LLC increased its holdings in Cloudera by 0.7% in the 4th quarter. Peregrine Capital Management LLC now owns 1,194,532 shares of the company’s stock valued at $19,734,000 after buying an additional 8,872 shares during the period. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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