Cloudera (CLDR) Price Target Raised to $24.00

Cloudera (NYSE:CLDR) had its target price hoisted by Mizuho from $21.00 to $24.00 in a report released on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the company. DA Davidson assumed coverage on Cloudera in a report on Friday, March 9th. They issued a neutral rating and a $21.00 price objective on the stock. ValuEngine upgraded Cloudera from a sell rating to a hold rating in a report on Wednesday, February 7th. Morgan Stanley increased their price objective on Cloudera from $21.00 to $23.00 and gave the stock a hold rating in a report on Tuesday, January 30th. Zacks Investment Research cut Cloudera from a buy rating to a hold rating in a research report on Wednesday, January 24th. Finally, Needham & Company LLC began coverage on Cloudera in a research report on Friday, January 12th. They set a buy rating and a $22.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cloudera presently has an average rating of Buy and an average price target of $22.33.

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Cloudera (NYSE:CLDR) opened at $20.29 on Tuesday. Cloudera has a twelve month low of $14.50 and a twelve month high of $23.35.

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 transaction of $1,792,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Cloudera by 129.4% during the fourth quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock worth $263,600,000 after purchasing an additional 9,001,771 shares during the period. Greylock Xii GP LLC bought a new stake in shares of Cloudera in the fourth quarter valued at approximately $111,425,000. TimesSquare Capital Management LLC boosted its position in shares of Cloudera by 12.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,481,732 shares of the company’s stock valued at $40,998,000 after acquiring an additional 271,832 shares during the period. Glynn Capital Management LLC bought a new stake in shares of Cloudera in the fourth quarter valued at approximately $30,703,000. Finally, Two Sigma Investments LP bought a new stake in shares of Cloudera in the fourth quarter valued at approximately $21,473,000. 74.74% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Cloudera (NYSE:CLDR)

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