Suffolk Capital Management LLC Takes $757,000 Position in Cloudera Inc (CLDR)

Suffolk Capital Management LLC acquired a new stake in Cloudera Inc (NYSE:CLDR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 45,795 shares of the company’s stock, valued at approximately $757,000.

A number of other hedge funds also recently made changes to their positions in CLDR. Glynn Capital Management LLC bought a new stake in Cloudera in the fourth quarter valued at approximately $30,703,000. Emerald Advisers Inc. PA lifted its position in Cloudera by 74.4% in the fourth quarter. Emerald Advisers Inc. PA now owns 898,066 shares of the company’s stock valued at $14,836,000 after purchasing an additional 383,070 shares during the last quarter. Schwab Charles Investment Management Inc. lifted 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 purchasing an additional 353,109 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in Cloudera in the fourth quarter valued at approximately $1,181,000. Finally, The Manufacturers Life Insurance Company lifted its position in Cloudera by 416.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 74,957 shares of the company’s stock valued at $1,238,000 after purchasing an additional 60,442 shares during the last quarter. Hedge funds and other institutional investors own 37.50% of the company’s stock.

In related news, VP Wayne Kimber sold 100,000 shares of the firm’s stock in a transaction on 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 is available through this hyperlink. Insiders sold a total of 105,441 shares of company stock worth $1,886,643 over the last quarter.

Cloudera Inc (NYSE CLDR) opened at $17.82 on Friday. Cloudera Inc has a twelve month low of $14.50 and a twelve month high of $23.35.

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

A number of equities analysts recently commented on the company. Drexel Hamilton assumed coverage on Cloudera in a report on Tuesday, December 19th. They set a “buy” rating for the company. Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.18 to $23.00 in a report on Wednesday, January 10th. Mizuho upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, January 9th. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, January 15th. Finally, Needham & Company LLC assumed coverage on Cloudera in a report on Friday, January 12th. They set a “buy” rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.00.

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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.

Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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