Hortonworks, Inc. (NASDAQ:HDP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $21.00 target price on the software maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 16.86% from the company’s current price.

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. “

Several other equities analysts have also recently commented on the stock. Credit Suisse Group initiated coverage on shares of Hortonworks in a research report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Hortonworks in a research report on Tuesday, July 25th. They set a “buy” rating and a $25.00 price target on the stock. Drexel Hamilton reaffirmed a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $21.00 price target on shares of Hortonworks in a research report on Friday, July 14th. Finally, Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a report on Monday, July 17th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Hortonworks has an average rating of “Buy” and a consensus price target of $19.93.

Shares of Hortonworks (NASDAQ HDP) traded down $0.69 during mid-day trading on Tuesday, hitting $17.97. 727,938 shares of the stock traded hands, compared to its average volume of 819,158. Hortonworks has a twelve month low of $7.80 and a twelve month high of $18.93.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The business had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $63.11 million. During the same quarter last year, the company posted ($0.68) earnings per share. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. research analysts forecast that Hortonworks will post -3.34 EPS for the current fiscal year.

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In other news, insider Scott E. Gnau sold 30,000 shares of Hortonworks stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $18.10, for a total transaction of $543,000.00. Following the sale, the insider now owns 292,743 shares of the company’s stock, valued at $5,298,648.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott E. Gnau sold 2,659 shares of Hortonworks stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $14.29, for a total value of $37,997.11. Following the sale, the insider now directly owns 343,666 shares in the company, valued at approximately $4,910,987.14. The disclosure for this sale can be found here. Insiders sold 676,817 shares of company stock worth $11,381,643 in the last three months. 22.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Hortonworks during the first quarter valued at approximately $117,000. Lyon Street Capital LLC raised its holdings in shares of Hortonworks by 27.0% during the second quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after buying an additional 57,845 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Hortonworks by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after buying an additional 29,747 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Hortonworks by 73.9% during the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after buying an additional 20,577 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Hortonworks during the second quarter valued at approximately $408,000. 50.13% of the stock is currently owned by institutional investors.

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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