Hortonworks (HDP) Downgraded by BidaskClub

BidaskClub lowered shares of Hortonworks (NASDAQ:HDP) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities research analysts have also issued reports on HDP. ValuEngine lowered shares of Hortonworks from a strong-buy rating to a buy rating in a research report on Thursday, October 11th. Zacks Investment Research lowered shares of Hortonworks from a hold rating to a sell rating in a research report on Wednesday, October 10th. DA Davidson lifted their target price on shares of Hortonworks from $24.00 to $35.00 and gave the company a buy rating in a research report on Thursday, October 4th. Needham & Company LLC lifted their target price on shares of Hortonworks from $27.00 to $32.00 and gave the company a buy rating in a research report on Wednesday, August 8th. Finally, Monness Crespi & Hardt lifted their target price on shares of Hortonworks from $25.00 to $30.00 and gave the company a buy rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $26.04.

Shares of Hortonworks stock opened at $17.24 on Friday. Hortonworks has a 1 year low of $15.50 and a 1 year high of $26.22. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -5.63 and a beta of 1.50.



Hortonworks (NASDAQ:HDP) last announced its earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.11. The company had revenue of $86.34 million for the quarter, compared to the consensus estimate of $80.34 million. On average, equities research analysts anticipate that Hortonworks will post -1.99 EPS for the current year.

In other Hortonworks news, insider Scott Davidson sold 17,846 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $22.22, for a total transaction of $396,538.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Reasoner sold 3,049 shares of Hortonworks stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $19.71, for a total transaction of $60,095.79. Following the transaction, the insider now directly owns 164,300 shares in the company, valued at $3,238,353. The disclosure for this sale can be found here. Insiders have sold 1,111,417 shares of company stock worth $24,218,279 over the last three months. Insiders own 15.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HDP. Global X Management Co LLC purchased a new position in shares of Hortonworks in the second quarter worth $156,000. Amalgamated Bank purchased a new position in shares of Hortonworks in the second quarter worth $192,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hortonworks in the second quarter worth $202,000. Signaturefd LLC purchased a new position in shares of Hortonworks in the second quarter worth $209,000. Finally, Verition Fund Management LLC purchased a new position in shares of Hortonworks in the first quarter worth $211,000. 79.91% of the stock is currently owned by institutional investors.

Hortonworks Company Profile

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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