Cloudera (CLDR) Receives New Coverage from Analysts at Mizuho

Mizuho started coverage on shares of Cloudera (NASDAQ:CLDR) in a research report released on Wednesday. The brokerage issued a neutral rating and a $18.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Tuesday, September 19th. Stifel Nicolaus reiterated a buy rating and issued a $24.00 target price on shares of Cloudera in a research report on Friday, September 8th. BidaskClub upgraded shares of Cloudera from a hold rating to a buy rating in a research report on Wednesday, August 30th. Morgan Stanley lifted their target price on shares of Cloudera from $18.00 to $19.00 and gave the stock an equal weight rating in a research report on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $24.00 target price (up previously from $20.00) on shares of Cloudera in a research report on Friday, September 8th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cloudera currently has a consensus rating of Hold and an average price target of $22.00.

Cloudera (NASDAQ:CLDR) last issued its earnings results on Thursday, September 7th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.08. The business had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $85.72 million. The company’s revenue was up 39.2% on a year-over-year basis.

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In other Cloudera news, insider Greylock Xii Gp Llc sold 3,575,098 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total value of $56,450,797.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ping Li sold 6,528,862 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total transaction of $103,090,730.98. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently made changes to their positions in CLDR. Nationwide Fund Advisors bought a new stake in shares of Cloudera during the 2nd quarter valued at about $131,000. Blume Capital Management Inc. bought a new stake in shares of Cloudera during the 2nd quarter valued at about $135,000. The Manufacturers Life Insurance Company bought a new stake in shares of Cloudera during the 2nd quarter valued at about $172,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Cloudera during the 2nd quarter valued at about $190,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Cloudera during the 2nd quarter valued at about $190,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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