Cloudera Inc (CLDR) Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Raimo Lenschow maintained a Hold rating on Cloudera Inc (CLDRResearch Report) yesterday and set a price target of $10. The company’s shares closed last Monday at $8.28.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.7% and a 74.6% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $9.79 average price target, a 18.2% upside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $8.50 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 10.67M.

Based on the recent corporate insider activity of 61 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.