Hortonworks Inc (HDP) is Upgraded by DA Davidson to Buy, Price Target at $13

Hortonworks Inc (HDP) was Upgraded by DA Davidson to ” Buy” and the brokerage firm has set the Price Target at $13. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Hortonworks Inc. Northland Capital Initiated Hortonworks Inc on Jun 17, 2016 to “Outperform”, Price Target of the shares are set at $24.Company shares were Reiterated by Needham on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .

On the company’s financial health, Hortonworks Inc reported $-0.68 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $-0.68. The company had revenue of $41.30 million for the quarter, compared to analysts expectations of $39.52 million. The company’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.77 EPS.

Hortonworks Inc opened for trading at $10.33 and hit $10.57 on the upside on Friday, eventually ending the session at $10.57, with a gain of 2.82% or 0.29 points. The heightened volatility saw the trading volume jump to 6,95,099 shares. Company has a market cap of $610 M.

In a different news, on Jul 5, 2016, Scott Reasoner (officer ) sold 4,604 shares at $10.69 per share price. According to the SEC, on Jun 13, 2016, Herbert Cunitz (President) sold 8,523 shares at $10.87 per share price. On Jun 13, 2016, Shaun Connolly (VP Corporate Strategy) sold 18,029 shares at $11.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Hortonworks Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Company’s platform integrates with data center technologies to enable data architectures and enables its customers to collect store process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets including online services education financial services Government healthcare/pharmaceuticals industrials/manufacturing media/entertainment retail/ecommerce technology and telecommunications.

Hortonworks Inc

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