Morgan Stanley Trims Cloudera (CLDR) Target Price to $21.00

Cloudera (NYSE:CLDR) had its price target trimmed by Morgan Stanley from $23.00 to $21.00 in a report released on Wednesday, Marketbeat.com reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Drexel Hamilton started coverage on shares of Cloudera in a research report on Tuesday, December 19th. They set a buy rating on the stock. Mizuho increased their price target on shares of Cloudera from $21.00 to $24.00 and gave the company a buy rating in a research report on Tuesday, March 20th. Citigroup upgraded shares of Cloudera from a neutral rating to a buy rating and increased their price target for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Monday, January 15th. Finally, Needham & Company LLC started coverage on shares of Cloudera in a research report on Friday, January 12th. They set a buy rating and a $22.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $21.20.

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CLDR stock opened at $12.98 on Wednesday. Cloudera has a 1-year low of $12.90 and a 1-year high of $23.35.

Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Tuesday, April 3rd. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. Cloudera had a negative net margin of 104.99% and a negative return on equity of 154.35%. The business had revenue of $103.50 million for the quarter, compared to analysts’ expectations of $98.63 million. The firm’s revenue was up 42.2% compared to the same quarter last year. analysts expect that Cloudera will post -0.01 EPS for the current year.

In other news, VP Wayne Kimber sold 100,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Several large investors have recently added to or reduced their stakes in CLDR. SeaCrest Wealth Management LLC purchased a new stake in shares of Cloudera during the fourth quarter valued at approximately $124,000. Amalgamated Bank purchased a new stake in shares of Cloudera during the fourth quarter valued at approximately $220,000. Bluestein R H & Co. purchased a new stake in shares of Cloudera during the fourth quarter valued at approximately $248,000. Keybank National Association OH purchased a new stake in shares of Cloudera during the fourth quarter valued at approximately $350,000. Finally, Crestline Management LP purchased a new stake in shares of Cloudera during the fourth quarter valued at approximately $363,000. 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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