D.A. Davidson Reiterates a Buy Rating on HortonworksBy Carrie Williams
In a report issued on November 4, Jack Andrews from D.A. Davidson reiterated a Buy rating on Hortonworks (NASDAQ: HDP), with a price target of $13. The company’s shares opened today at $7.90, close to its 52-week low of $6.42.
According to TipRanks.com, Andrews is a 1-star analyst with an average return of -6.4% and a 31.9% success rate. Andrews covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Palo Alto Networks, and Proofpoint Inc.
Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $18, representing a 127.8% upside.
In a report issued on November 4, Drexel Hamilton also reiterated a Buy rating on the stock with a $18 price target.
The company has a one year high of $22.75 and a one year low of $6.42. Currently, Hortonworks has an average volume of 1.26M.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HDP in relation to earlier this year. Most recently, in March 2016, Scott Gnau, the CTO of HDP bought 3,000 shares for a total of $33,000.
Hortonworks, Inc. provides and contributes Apache Hadoop data platform. Its Data Platform provides an open platform that deeply integrates with existing IT investments and upon which enterprises can build and deploy Hadoop-based applications. The company was founded by Robert Bearden, Alan F. Gates, Arun C. Murthy, Devaraj Das, Eric Baldeschwieler, Mahadev Konar, Owen O’Malley, Sanjay R. Radia & Suresh Srinivas in April 2011 and is headquartered in Santa Clara, CA.