Recently, peculiar velocity measurements became available for a new sample of galaxy clusters. From an accurately calibrated Tully-Fisher relation for spiral galaxies, we compute the rms cluster peculiar velocity and compare it to the linear theory predictions of COBE-normalized low-density and open CDM models (LambdaCDM and OCDM, respectively). Confidence levels for model rejection are estimated using a Monte Carlo procedure to generate for each model a large ensemble of artificial data sets. Following Zaroubi et al. (1997), we express our results in terms of constraints on the (Omega_0,n_pr,h) parameter space. Such constraints turn into sigma_8 Omega_0^{0.6}=0.50^{+0.25}_{-0.14} at the 90% c.l., thus in agreement with results from cluster abundance. We show that our constraints are also consistent with those implied by the shape of the galaxy power spectrum within a rather wide range for the values of the model parameters. Finally, we point out that our findings disagree at about the 3sigma level with respect to those by Zaroubi et al. (1997), based on the Mark III catalogue, which tend to prefer larger Omega_0 values within the CDM class of models.