Zacks Investment Research cut shares of Cloudera (NYSE:CLDR) from a buy rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “

Other analysts have also recently issued reports about the stock. Drexel Hamilton started coverage on shares of Cloudera in a report on Tuesday, December 19th. They set a buy rating for the company. Needham & Company LLC started coverage on shares of Cloudera in a report on Friday, January 12th. They set a buy rating and a $22.00 target price for the company. Citigroup raised shares of Cloudera from a neutral rating to a buy rating and upped their target price for the company from $17.18 to $23.00 in a report on Wednesday, January 10th. Mizuho raised shares of Cloudera from a neutral rating to a buy rating and set a $21.00 target price for the company in a report on Tuesday, January 9th. Finally, ValuEngine raised shares of Cloudera from a sell rating to a hold rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cloudera has a consensus rating of Buy and a consensus target price of $21.50.

Cloudera (NYSE CLDR) traded down $0.23 on Wednesday, hitting $18.45. 998,983 shares of the stock traded hands, compared to its average volume of 1,275,244. Cloudera has a 1 year low of $14.50 and a 1 year high of $23.35.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.07. analysts anticipate that Cloudera will post -0.82 EPS for the current fiscal year.

In other Cloudera news, VP Wayne Kimber sold 3,775 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $17.37, for a total transaction of $65,571.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 105,441 shares of company stock valued at $1,886,643.

Hedge funds have recently made changes to their positions in the business. Glynn Capital Management LLC purchased a new stake in shares of Cloudera in the fourth quarter worth $30,703,000. Schwab Charles Investment Management Inc. increased its stake in shares of Cloudera by 629.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock worth $6,760,000 after purchasing an additional 353,109 shares in the last quarter. Finally, Hamilton Lane Advisors LLC purchased a new stake in shares of Cloudera in the fourth quarter worth $1,181,000. 35.29% of the stock is owned by institutional investors and hedge funds.

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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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