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

Other equities research analysts have also issued reports about the stock. Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a research note on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Hortonworks in a research note on Sunday, September 17th. Northland Securities reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Hortonworks in a research note on Thursday, October 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research note on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.23.

Shares of Hortonworks (NASDAQ:HDP) opened at $19.97 on Tuesday. Hortonworks has a 12 month low of $8.74 and a 12 month high of $22.00. The company has a market cap of $1,410.00, a price-to-earnings ratio of -5.93 and a beta of 1.66.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same period in the prior year, the company posted ($0.68) earnings per share. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. equities analysts predict that Hortonworks will post -2.98 EPS for the current year.

In other Hortonworks news, insider Scott Reasoner sold 2,364 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the transaction, the insider now owns 249,321 shares in the company, valued at $4,096,344.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shaun Connolly sold 13,644 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $16.43, for a total transaction of $224,170.92. Following the transaction, the insider now owns 251,685 shares in the company, valued at approximately $4,135,184.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 719,004 shares of company stock worth $13,841,782. 22.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDP. Schwab Charles Investment Management Inc. raised its holdings in shares of Hortonworks by 19.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,427 shares of the software maker’s stock valued at $3,149,000 after purchasing an additional 39,395 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Hortonworks by 19.5% in the second quarter. Rhumbline Advisers now owns 53,401 shares of the software maker’s stock valued at $688,000 after purchasing an additional 8,707 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hortonworks by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 210,433 shares of the software maker’s stock valued at $2,710,000 after purchasing an additional 28,781 shares during the last quarter. Legal & General Group Plc raised its holdings 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 valued at $144,000 after purchasing an additional 837 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of Hortonworks in the second quarter valued at about $1,216,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

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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)

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