Northland Securities Sticks to Their Buy Rating for Cloudera Inc (CLDR)


In a report released today, Tim Klasell from Northland Securities maintained a Buy rating on Cloudera Inc (CLDR), with a price target of $12.00. The company’s shares closed last Monday at $9.00.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 17.2% and a 65.1% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Proofpoint Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $9.65 average price target.

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Based on Cloudera Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $87.04 million. In comparison, last year the company had a GAAP net loss of $33.38 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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