Hortonworks (NASDAQ:HDP) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Hortonworks (NASDAQ:HDP) from a buy rating to a hold rating in a research note released on Tuesday, January 9th.

A number of other brokerages have also weighed in on HDP. Zacks Investment Research lowered shares of Hortonworks from a buy rating to a hold rating in a research note on Wednesday, January 3rd. ValuEngine raised shares of Hortonworks from a sell rating to a hold rating in a research report on Sunday, December 31st. Barclays lowered shares of Hortonworks from an overweight rating to an equal weight rating and set a $22.00 price objective on the stock. in a research report on Monday, January 8th. Royal Bank of Canada reissued a buy rating and issued a $16.00 price objective on shares of Hortonworks in a research report on Sunday, September 17th. Finally, Drexel Hamilton reissued a buy rating and issued a $22.00 price objective on shares of Hortonworks in a research report on Thursday, September 21st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $21.92.

Shares of Hortonworks (HDP) opened at $21.34 on Tuesday. Hortonworks has a 1 year low of $8.74 and a 1 year high of $22.00. The company has a market cap of $1,505.16, a P/E ratio of -6.33 and a beta of 1.66.

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

In other news, insider Scott Davidson sold 16,307 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $18.00, for a total value of $293,526.00. Following the completion of the sale, the insider now owns 1,056,504 shares of the company’s stock, valued at $19,017,072. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Reasoner sold 2,364 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the completion of the sale, the insider now directly owns 249,321 shares of the company’s stock, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 763,762 shares of company stock worth $14,819,474. 22.50% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC bought a new position in shares of Hortonworks in the second quarter worth about $125,000. Legal & General Group Plc lifted its holdings in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after acquiring an additional 837 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after acquiring an additional 1,700 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Hortonworks in the second quarter worth about $170,000. Finally, Quantbot Technologies LP bought a new position in shares of Hortonworks in the second quarter worth about $173,000. 57.60% of the stock is owned by hedge funds and other institutional investors.

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About Hortonworks

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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