Hortonworks (HDP) Downgraded by BidaskClub to “Hold”

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

Several other equities analysts have also recently commented on HDP. Royal Bank of Canada reiterated a buy rating and set a $16.00 target price on shares of Hortonworks in a research note on Sunday, September 17th. Drexel Hamilton reiterated a buy rating and set a $22.00 target price on shares of Hortonworks in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Hortonworks from a sell rating to a hold rating in a research note on Wednesday, October 4th. Northland Securities reiterated a buy rating and set a $24.00 target price on shares of Hortonworks in a research note on Thursday, October 19th. Finally, Mizuho reiterated a hold rating and set a $14.00 target price on shares of Hortonworks in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $21.92.

Hortonworks (NASDAQ:HDP) traded up $0.51 during trading hours on Tuesday, reaching $21.34. 931,589 shares of the company traded hands, compared to its average volume of 461,703. The firm has a market cap of $1,469.19, a PE 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) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. Hortonworks’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.68) earnings per share. equities research analysts anticipate that Hortonworks will post -2.98 earnings per share for the current fiscal year.

In other news, insider Shaun Connolly sold 13,644 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $16.43, for a total value of $224,170.92. Following the sale, the insider now owns 251,685 shares of the company’s stock, valued at approximately $4,135,184.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Bearden sold 148,899 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the completion of the sale, the chief executive officer now directly owns 2,054,076 shares in the company, valued at approximately $38,513,925. The disclosure for this sale can be found here. In the last 90 days, insiders sold 777,406 shares of company stock valued at $15,043,645. Corporate insiders own 22.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the 2nd quarter worth about $125,000. Legal & General Group Plc grew its holdings in shares of Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Hortonworks during the 2nd quarter worth about $170,000. Finally, Quantbot Technologies LP bought a new stake in Hortonworks during the 2nd quarter worth about $173,000. 57.60% of the stock is currently 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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