ValuEngine downgraded shares of Hortonworks (NASDAQ:HDP) from a buy rating to a hold rating in a research note published on Saturday.
A number of other research analysts have also issued reports on the stock. Citigroup set a $33.00 target price on shares of Hortonworks and gave the company a buy rating in a report on Friday. Zacks Investment Research lowered shares of Hortonworks from a hold rating to a sell rating in a report on Wednesday, October 10th. DA Davidson upped their target price on shares of Hortonworks from $24.00 to $35.00 and gave the company a buy rating in a report on Thursday, October 4th. Needham & Company LLC upped their target price on shares of Hortonworks from $27.00 to $32.00 and gave the company a buy rating in a report on Wednesday, August 8th. Finally, BidaskClub upgraded shares of Hortonworks from a hold rating to a buy rating in a report on Friday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Hortonworks currently has a consensus rating of Buy and an average price target of $26.50.
Shares of NASDAQ HDP opened at $15.76 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of -5.15 and a beta of 1.70. Hortonworks has a 52 week low of $15.20 and a 52 week high of $26.22.
In other news, CEO Robert G. Bearden sold 258,098 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $21.77, for a total transaction of $5,618,793.46. Following the transaction, the chief executive officer now directly owns 1,265,633 shares in the company, valued at approximately $27,552,830.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Reasoner sold 1,362 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $22.01, for a total transaction of $29,977.62. Following the transaction, the insider now owns 171,523 shares in the company, valued at $3,775,221.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,087,562 shares of company stock worth $23,701,561. Insiders own 15.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HDP. Global X Management Co LLC purchased a new position in Hortonworks in the second quarter valued at approximately $156,000. Amalgamated Bank purchased a new position in Hortonworks in the second quarter valued at approximately $192,000. Dynamic Technology Lab Private Ltd purchased a new position in Hortonworks in the second quarter valued at approximately $202,000. Ashfield Capital Partners LLC purchased a new position in Hortonworks in the third quarter valued at approximately $205,000. Finally, Signaturefd LLC purchased a new position in Hortonworks in the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 79.78% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.