Cloudera (NYSE:CLDR) was downgraded by research analysts at JPMorgan Chase from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They presently have a $24.00 price target on the stock. JPMorgan Chase’s price objective would suggest a potential upside of 79.91% from the stock’s previous close.
Several other research firms have also recently issued reports on CLDR. Mizuho raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, January 15th. ValuEngine raised shares of Cloudera from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Needham & Company LLC assumed coverage on shares of Cloudera in a research report on Friday, January 12th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Citigroup raised shares of Cloudera from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $17.18 to $23.00 in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.20.
Shares of NYSE:CLDR traded down $0.37 during trading on Wednesday, hitting $13.34. The company’s stock had a trading volume of 2,640,412 shares, compared to its average volume of 1,772,279. The company has a market cap of $1,876.99 and a price-to-earnings ratio of -4.24. Cloudera has a fifty-two week low of $13.00 and a fifty-two week high of $23.35.
In related news, VP Wayne Kimber sold 100,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new stake in Cloudera in the fourth quarter valued at $124,000. Amalgamated Bank purchased a new stake in Cloudera in the fourth quarter valued at $220,000. Bluestein R H & Co. purchased a new stake in Cloudera in the fourth quarter valued at $248,000. Keybank National Association OH purchased a new stake in Cloudera in the fourth quarter valued at $350,000. Finally, Crestline Management LP purchased a new stake in Cloudera in the fourth quarter valued at $363,000. 74.74% of the stock is owned by hedge funds and other institutional investors.
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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