ValuEngine Upgrades Hortonworks (HDP) to Hold

Hortonworks (NASDAQ:HDP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other equities analysts also recently issued research reports about the stock. Drexel Hamilton restated a “buy” rating and set a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. Credit Suisse Group assumed coverage on shares of Hortonworks in a research report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Sunday, September 10th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks currently has a consensus rating of “Buy” and a consensus target price of $21.08.

Shares of Hortonworks (NASDAQ HDP) opened at $20.11 on Friday. The firm has a market cap of $1,418.40, a price-to-earnings ratio of -5.97 and a beta of 1.66. Hortonworks has a 52 week low of $8.09 and a 52 week high of $21.00.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. Hortonworks’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.68) EPS. research analysts expect that Hortonworks will post -2.98 earnings per share for the current year.

In other news, insider Shaun Connolly sold 8,864 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $16.77, for a total value of $148,649.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Reasoner sold 2,364 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the completion of the transaction, the insider now owns 249,321 shares of the company’s stock, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. Insiders sold a total of 717,420 shares of company stock valued at $13,778,442 in the last quarter. Insiders own 22.50% of the company’s stock.

Large investors have recently bought and sold shares of the business. ETF Managers Group LLC purchased a new position in Hortonworks during the 2nd quarter valued at about $125,000. Legal & General Group Plc increased its holdings in Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after acquiring an additional 1,700 shares in the last quarter. Gotham Asset Management LLC purchased a new position in Hortonworks during the 2nd quarter valued at about $170,000. Finally, Quantbot Technologies LP purchased a new position in Hortonworks during the 2nd quarter valued at about $173,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

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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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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