In a report released today, Jack Andrews from Needham reiterated a Hold rating on Cloudera Inc (CLDR). The company’s shares closed last Monday at $9.00.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 18.6% and a 60.1% success rate. Andrews covers the Technology sector, focusing on stocks such as Pivotal Software Inc, New Relic Inc, and Nutanix Inc.
Currently, the analyst consensus on Cloudera Inc is a Moderate Buy with an average price target of $9.65, which is a 7.2% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $9.00 price target.
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The company has a one-year high of $20.18 and a one-year low of $4.89. Currently, Cloudera Inc has an average volume of 9.2M.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLDR in relation to earlier this year.
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Cloudera, Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow (CDF), Hortonworks Data Platform (HDP), and data science workbench. It operates through Subscription, and Services segments.
