Zacks Investment Research downgraded shares of Hortonworks, Inc. (NASDAQ:HDP) from a hold rating to a sell rating in a research note published on Thursday morning.

According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “

HDP has been the subject of several other research reports. Cowen and Company reiterated a market perform rating on shares of Hortonworks in a report on Friday, December 9th. Drexel Hamilton increased their price objective on Hortonworks to $21.00 in a report on Friday, February 10th. Mizuho upgraded Hortonworks from a neutral rating to a buy rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Monday, January 30th. DA Davidson reiterated a buy rating and issued a $13.00 price objective on shares of Hortonworks in a report on Monday, November 7th. Finally, JMP Securities reiterated a buy rating on shares of Hortonworks in a report on Sunday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $15.07.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

Hortonworks (NASDAQ:HDP) opened at 10.50 on Thursday. Hortonworks has a 52-week low of $6.42 and a 52-week high of $13.12. The stock’s market cap is $434.35 million. The firm has a 50-day moving average price of $9.42 and a 200 day moving average price of $8.70.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 9th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.10. Hortonworks had a negative return on equity of 294.33% and a negative net margin of 136.45%. The business earned $52 million during the quarter, compared to analysts’ expectations of $48.03 million. During the same quarter last year, the business posted ($0.72) EPS. The business’s revenue was up 38.9% on a year-over-year basis. On average, analysts forecast that Hortonworks will post ($1.82) earnings per share for the current fiscal year.

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In other news, CTO Scott E. Gnau sold 12,281 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $10.68, for a total value of $131,161.08. Following the completion of the transaction, the chief technology officer now owns 278,383 shares in the company, valued at approximately $2,973,130.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott Davidson sold 4,992 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $10.48, for a total value of $52,316.16. Following the completion of the transaction, the chief financial officer now owns 813,954 shares of the company’s stock, valued at approximately $8,530,237.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,780 shares of company stock valued at $1,215,381. 26.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the company’s stock worth $5,509,000 after buying an additional 30,180 shares during the period. Russell Investments Group Ltd. bought a new position in Hortonworks during the fourth quarter worth $3,887,000. Penn Capital Management Co. Inc. bought a new position in Hortonworks during the third quarter worth $5,537,000. Blackstone Group L.P. bought a new position in Hortonworks during the third quarter worth $1,806,000. Finally, OZ Management LP bought a new position in Hortonworks during the third quarter worth $4,462,000. 52.91% of the stock is owned by institutional investors.

Hortonworks Company Profile

Hortonworks, Inc is a provider and distributor of an 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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