Hortonworks (HDP) Rating Lowered to Hold at BidaskClub

Hortonworks (NASDAQ:HDP) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, April 11th. Monness Crespi & Hardt began coverage on shares of Hortonworks in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. DA Davidson began coverage on shares of Hortonworks in a research report on Friday, March 9th. They set a “buy” rating and a $24.00 target price on the stock. Barclays restated a “hold” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, April 13th. Finally, Nomura began coverage on shares of Hortonworks in a research report on Thursday, June 14th. They set a “buy” rating and a $26.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.13.

Shares of Hortonworks opened at $18.22 on Thursday, according to MarketBeat.com. Hortonworks has a 1-year low of $12.09 and a 1-year high of $22.00. The company has a market cap of $1.42 billion, a PE ratio of -5.95 and a beta of 1.43.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Tuesday, May 8th. The software maker reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to analysts’ expectations of $75.26 million. During the same period last year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. research analysts predict that Hortonworks will post -2.14 earnings per share for the current year.

In other Hortonworks news, CEO Robert G. Bearden sold 113,947 shares of Hortonworks stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $17.92, for a total value of $2,041,930.24. Following the transaction, the chief executive officer now owns 1,773,730 shares in the company, valued at approximately $31,785,241.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Reasoner sold 2,851 shares of Hortonworks stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total transaction of $49,635.91. Following the completion of the transaction, the insider now owns 233,181 shares in the company, valued at approximately $4,059,681.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,026 shares of company stock worth $10,607,500. 15.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in shares of Hortonworks in the 1st quarter valued at $211,000. AXA acquired a new position in shares of Hortonworks in the 4th quarter valued at $209,000. Xact Kapitalforvaltning AB acquired a new position in shares of Hortonworks in the 1st quarter valued at $236,000. Guggenheim Capital LLC acquired a new position in shares of Hortonworks in the 4th quarter valued at $255,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Hortonworks in the 4th quarter valued at $327,000. Institutional investors own 66.56% of the company’s stock.

About Hortonworks

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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