Goldman Sachs Maintains Hortonworks Inc to Buy with Price Target $14.00

Brokerage firm Goldman Sachs Maintains its rating on Hortonworks Inc(NASDAQ:HDP). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.00 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Mizuho Securities said it Downgrades its rating on Hortonworks Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Pacific Crest said it Downgrades its rating on Hortonworks Inc. The shares have been rated ‘Sector Perform’ by the firm. On Aug 5, 2016, Needham said it Downgrades its rating on Hortonworks Inc. The shares have been rated ‘Hold’ by the firm. On Jul 11, 2016, DA Davidson said it Upgrades its rating on Hortonworks Inc. The shares have been rated ‘Buy’ by the firm. Northland Securities said it Initiates Coverage on Hortonworks Inc, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm.

Hortonworks Inc (HDP) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -3.49% at a volume of 16,30,578. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.94. The peak price level was also seen at $8.94 while the days lowest was $8.341. Finally the shares closed at $8.57. The 52-week high of the shares is $26.59 while the 52-week low is $7.12. According to the latest information available, the market cap of the company is $506 M.

Hortonworks Inc(HDP) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $43.64M. Analysts had an estimated revenue of $45.24M. Earnings per share were $-0.72. Analysts had estimated an EPS of $-0.70.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Scott Davidson (Chief Financial Officer) sold 5,477 shares at $12.44 per share price.Also, On Aug 4, 2016, Scott Reasoner (officer ) sold 2,594 shares at $12.44 per share price.On Jun 13, 2016, Herbert Cunitz (President) sold 8,523 shares at $10.87 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.

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