BidaskClub Lowers Hortonworks (HDP) to Hold

BidaskClub downgraded shares of Hortonworks (NASDAQ:HDP) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Other research analysts have also recently issued reports about the stock. Drexel Hamilton reissued a buy rating and set a $26.00 price objective on shares of Hortonworks in a report on Monday, November 6th. Royal Bank of Canada reissued a buy rating and set a $20.00 price objective on shares of Hortonworks in a report on Friday, November 3rd. ValuEngine raised shares of Hortonworks from a sell rating to a hold rating in a report on Sunday, December 31st. Rosenblatt Securities reissued a buy rating and set a $25.00 price objective on shares of Hortonworks in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of Hortonworks from a sell rating to a hold rating in a report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $21.92.

Shares of Hortonworks (NASDAQ HDP) traded up $0.51 during midday trading on Tuesday, hitting $21.34. 931,589 shares of the stock traded hands, compared to its average volume of 461,703. The company has a market capitalization of $1,469.19, a P/E ratio of -6.33 and a beta of 1.66. Hortonworks has a 52-week low of $8.74 and a 52-week high of $22.00.

Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. The company’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.68) EPS. analysts expect that Hortonworks will post -2.98 earnings per share for the current year.

In other Hortonworks news, insider Scott Davidson sold 49,539 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $20.74, for a total transaction of $1,027,438.86. Following the completion of the sale, the insider now directly owns 936,011 shares of the company’s stock, valued at $19,412,868.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shaun Connolly sold 13,644 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $16.43, for a total transaction of $224,170.92. Following the sale, the insider now directly owns 251,685 shares of the company’s stock, valued at $4,135,184.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 777,406 shares of company stock valued at $15,043,645. 22.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC increased its stake in shares of Hortonworks by 37.4% in the third quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock worth $438,000 after purchasing an additional 7,043 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Hortonworks in the third quarter worth $647,000. Allianz Asset Management GmbH increased its stake in shares of Hortonworks by 8.3% in the third quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock worth $22,757,000 after purchasing an additional 102,396 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Hortonworks by 3.4% in the third quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock worth $1,656,000 after purchasing an additional 3,214 shares in the last quarter. Finally, Elk Creek Partners LLC purchased a new stake in shares of Hortonworks in the third quarter worth $3,152,000. 57.60% of the stock is owned by institutional investors and hedge funds.

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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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