Hortonworks (HDP) Downgraded by BidaskClub

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

HDP has been the subject of a number of other research reports. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a report on Friday, November 3rd. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Drexel Hamilton reiterated a “buy” rating and issued a $22.00 price target on shares of Hortonworks in a report on Thursday, September 21st. Mizuho reiterated a “hold” rating and issued a $14.00 price target on shares of Hortonworks in a report on Thursday, November 2nd. Finally, Northland Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.92.

Shares of Hortonworks (NASDAQ:HDP) traded up $0.51 during midday trading on Tuesday, reaching $21.34. 931,589 shares of the company were exchanged, compared to its average volume of 461,703. The firm has a market capitalization of $1,469.19, a PE 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 quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. The firm’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.68) EPS. equities research analysts predict that Hortonworks will post -2.98 earnings per share for the current fiscal year.

In other news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $18.23, for a total value of $37,973.09. Following the sale, the insider now owns 366,988 shares of the company’s stock, valued at $6,690,191.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 5,224 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $20.29, for a total transaction of $105,994.96. Following the completion of the sale, the insider now directly owns 228,725 shares in the company, valued at approximately $4,640,830.25. The disclosure for this sale can be found here. Insiders sold 777,406 shares of company stock valued at $15,043,645 in the last quarter. Corporate insiders own 22.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the second quarter worth $125,000. Legal & General Group Plc lifted its position in shares of Hortonworks by 8.1% in the second 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 in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Hortonworks by 15.9% in the second 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 in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Hortonworks in the second quarter worth $170,000. Finally, Quantbot Technologies LP bought a new stake in shares of Hortonworks in the second quarter worth $173,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

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Hortonworks Company Profile

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.

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