Cloudera (CLDR) Research Coverage Started at Needham & Company LLC

Analysts at Needham & Company LLC started coverage on shares of Cloudera (NYSE:CLDR) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating and a $22.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 22.84% from the stock’s previous close.

A number of other brokerages have also issued reports on CLDR. Citigroup raised shares of Cloudera from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.18 to $23.00 in a research note on Wednesday. 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 note on Tuesday. Drexel Hamilton assumed coverage on shares of Cloudera in a research note on Tuesday, December 19th. They issued a “buy” rating for the company. ValuEngine raised shares of Cloudera from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cloudera presently has a consensus rating of “Buy” and an average target price of $22.00.

Shares of Cloudera (NYSE:CLDR) opened at $17.91 on Friday. The stock has a market cap of $2,540.00 and a price-to-earnings ratio of -2.49. Cloudera has a one year low of $14.50 and a one year high of $23.35.

In related news, VP Wayne Kimber sold 3,775 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $17.37, for a total value of $65,571.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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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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