Hortonworks (HDP) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Hortonworks (NASDAQ:HDP) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

HDP has been the subject of several other research reports. Barclays lowered Hortonworks from an overweight rating to an equal weight rating and set a $22.00 price objective for the company. in a report on Monday, January 8th. Mizuho reissued a buy rating and issued a $23.00 price objective (up previously from $14.00) on shares of Hortonworks in a report on Thursday, January 11th. DA Davidson started coverage on Hortonworks in a report on Friday, March 9th. They issued a buy rating and a $24.00 price objective for the company. Credit Suisse Group lowered Hortonworks from an outperform rating to a neutral rating and set a $20.00 price objective for the company. in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a buy rating and issued a $23.00 price objective on shares of Hortonworks in a report on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and an average target price of $22.36.

How to Become a New Pot Stock Millionaire

Shares of Hortonworks stock traded down $0.52 during trading hours on Friday, hitting $17.95. 837,287 shares of the company’s stock traded hands, compared to its average volume of 859,601. Hortonworks has a 12-month low of $9.93 and a 12-month high of $22.00. The firm has a market cap of $1,439.26, a PE ratio of -5.87 and a beta of 1.39.

Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). The business had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $70.44 million. During the same period in the prior year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. equities analysts forecast that Hortonworks will post -2.43 EPS for the current fiscal year.

In other Hortonworks news, insider Scott Reasoner sold 4,678 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $17.76, for a total value of $83,081.28. Following the completion of the transaction, the insider now owns 258,125 shares in the company, valued at approximately $4,584,300. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Scott E. Gnau sold 2,659 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $17.12, for a total value of $45,522.08. Following the completion of the transaction, the chief technology officer now owns 345,794 shares of the company’s stock, valued at approximately $5,919,993.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,441,585 shares of company stock valued at $27,037,786. 22.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Park West Asset Management LLC boosted its position in shares of Hortonworks by 47.4% during the 4th quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after acquiring an additional 675,000 shares during the last quarter. black and white Capital LP bought a new stake in shares of Hortonworks during the 4th quarter valued at about $10,055,000. TCW Group Inc. boosted its position in shares of Hortonworks by 31.6% during the 4th quarter. TCW Group Inc. now owns 1,044,542 shares of the software maker’s stock valued at $21,006,000 after acquiring an additional 250,649 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hortonworks by 52.0% during the 4th quarter. Geode Capital Management LLC now owns 632,128 shares of the software maker’s stock valued at $12,711,000 after acquiring an additional 216,210 shares during the last quarter. Finally, Caption Management LLC bought a new stake in shares of Hortonworks during the 4th quarter valued at about $4,230,000. Institutional investors and hedge funds own 61.66% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3338616/hortonworks-hdp-downgraded-by-bidaskclub-to-hold.html.

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)

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.

Latest News

Raymond James Reaffirms Buy Rating for TG Therapeutics
Raymond James Reaffirms Buy Rating for TG Therapeutics
ValuEngine Lowers Taiwan Semiconductor Mfg.  to Buy
ValuEngine Lowers Taiwan Semiconductor Mfg. to Buy
Zacks Investment Research Lowers The J.M. Smucker  to Hold
Zacks Investment Research Lowers The J.M. Smucker to Hold
Team  Raised to “Sell” at ValuEngine
Team Raised to “Sell” at ValuEngine
Transocean  Price Target Raised to $13.00
Transocean Price Target Raised to $13.00
Sanchez Energy  Downgraded to “Hold” at KLR Group
Sanchez Energy Downgraded to “Hold” at KLR Group


© 2006-2018 Ticker Report. Google+.