Zacks Investment Research upgraded shares of Cloudera (NYSE:CLDR) from a hold rating to a buy rating in a report released on Monday morning. They currently have $20.00 target price on the stock.

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. “

Several other brokerages have also recently weighed in on CLDR. Citigroup raised Cloudera from a neutral rating to a buy rating and lifted their price objective for the company from $17.18 to $23.00 in a report on Wednesday, January 10th. Needham & Company LLC initiated coverage on Cloudera in a research note on Friday, January 12th. They issued a buy rating and a $22.00 price target on the stock. Mizuho upgraded Cloudera from a neutral rating to a buy rating and set a $21.00 price target on the stock in a research note on Tuesday, January 9th. Drexel Hamilton initiated coverage on Cloudera in a research note on Tuesday, December 19th. They issued a buy rating on the stock. Finally, ValuEngine upgraded Cloudera from a sell rating to a hold rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $21.50.

Shares of Cloudera (CLDR) traded up $0.80 during midday trading on Monday, reaching $18.68. The company’s stock had a trading volume of 3,476,300 shares, compared to its average volume of 1,726,042. Cloudera has a 52-week low of $14.50 and a 52-week high of $23.35.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.07. equities research analysts anticipate that Cloudera will post -0.82 earnings per share for the current fiscal year.

In other news, VP Wayne Kimber sold 3,775 shares of Cloudera stock in a transaction on Monday, December 18th. The stock was sold at an average price of $17.37, for a total value of $65,571.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 105,441 shares of company stock worth $1,886,643.

A number of hedge funds have recently modified their holdings of CLDR. Glynn Capital Management LLC bought a new stake in Cloudera during the 4th quarter worth $30,703,000. Schwab Charles Investment Management Inc. grew its position in Cloudera by 629.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock worth $6,760,000 after acquiring an additional 353,109 shares during the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in Cloudera during the 4th quarter worth $1,181,000. Institutional investors and hedge funds own 35.29% of the company’s stock.

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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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