Hortonworks (NASDAQ:HDP) Downgraded by Barclays to “Equal Weight”

Hortonworks (NASDAQ:HDP) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Monday, January 8th, MarketBeat Ratings reports. They presently have a $22.00 price target on the software maker’s stock. Barclays’ price objective would suggest a potential upside of 3.09% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Drexel Hamilton restated a “buy” rating and issued a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, November 3rd. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a report on Tuesday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a report on Sunday, September 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.92.

Shares of Hortonworks (NASDAQ HDP) opened at $21.34 on Monday. The stock has a market capitalization of $1,505.16, a price-to-earnings ratio of -6.33 and a beta of 1.66. Hortonworks has a 1-year low of $8.74 and a 1-year high of $22.00.

Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period last year, the business earned ($0.68) earnings per share. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts expect that Hortonworks will post -2.98 EPS for the current fiscal year.

In other Hortonworks news, CEO Robert G. Bearden sold 148,899 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the transaction, the chief executive officer now owns 2,054,076 shares in the company, valued at approximately $38,513,925. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 5,224 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $20.29, for a total transaction of $105,994.96. Following the sale, the insider now owns 228,725 shares in the company, valued at approximately $4,640,830.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 763,762 shares of company stock worth $14,819,474. Insiders own 22.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its stake in shares of Hortonworks by 37.4% during the third quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock valued at $438,000 after acquiring an additional 7,043 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Hortonworks during the third quarter valued at $647,000. Allianz Asset Management GmbH raised its stake in shares of Hortonworks by 8.3% during the third quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock valued at $22,757,000 after acquiring an additional 102,396 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Hortonworks by 3.4% during the third quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock valued at $1,656,000 after acquiring an additional 3,214 shares during the last quarter. Finally, Elk Creek Partners LLC bought a new position in shares of Hortonworks during the third quarter valued at $3,152,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

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Hortonworks Company Profile

Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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