5 Best AI Stocks Under $50

4. Cloudera, Inc. (NYSE: CLDR)

Number of Hedge Fund Holders: 29
Share Price as of May 12, 2021: $11.49 per share
Total Value of Hedge Fund Holdings: $1,005,135,000

California-based enterprise data cloud company Cloudera, Inc. (NYSE:CLDR) ranks 4th in our list of 10 best AI stocks under$50. The company was founded in 2008 and has over 9,000 company users. The company uses enterprise artificial intelligence to accelerate the time of the performance, both technologically and practically. On February 19, Barclays analysts maintained an Equal-Weight rating on Cloudera and raised the price target to $19. Cloudera, Inc. (NYSE:CLDR) has a market cap of $3.37 billion. Shares of CLDR increased 44% over the past twelve months.

There were 29 hedge funds that reported owning stakes in Cloudera, Inc. (NYSE:CLDR) at the end of the fourth quarter, down from 31 funds a quarter earlier. The total value of these stakes at the end of Q4 is $1.005 billion.