Hortonworks (HDP) Downgraded to “Hold” at ValuEngine

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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.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.11. The business had revenue of $87.20 million during the quarter, compared to analyst estimates of $87.07 million. Hortonworks’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. Equities analysts anticipate that Hortonworks will post -1.99 earnings per share for the current year.

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.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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