Hortonworks Inc (HDP) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on Hortonworks Inc. Rosenblatt Initiated Hortonworks Inc on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $20.Shares were Reiterated by Wunderlich on Aug 5, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $17 .Hortonworks Inc was Downgraded by Needham to ” Hold” on Aug 5, 2016.
On the company’s financial health, Hortonworks Inc reported $-0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.68. The company had revenue of $43.64 million for the quarter, compared to analysts expectations of $45.24 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.82 EPS.
Hortonworks Inc opened for trading at $8.55 and hit $8.84 on the upside on Tuesday, eventually ending the session at $8.7, with a gain of 0.58% or 0.05 points. The heightened volatility saw the trading volume jump to 20,00,684 shares. Company has a market cap of $514 M.
In a different news, on Sep 2, 2016, Greg Pavlik (Chief Product Officer) sold 6,839 shares at $7.82 per share price. According to the SEC, on Sep 2, 2016, Shaun Connolly (VP Corporate Strategy) sold 4,297 shares at $7.82 per share price. On Aug 4, 2016, Scott Davidson (Chief Financial Officer) sold 5,477 shares at $12.44 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.