Hortonworks Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Raimo Lenschow maintained a Hold rating on Hortonworks (NASDAQ: HDP) yesterday and set a price target of $20. The company’s shares opened today at $17.92.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 17.9% and a 73.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Coupa Software Inc, Microsoft Corp, and Salesforce.com.

Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $24.33, representing a 35.8% upside.

In a report issued on April 11, Monness also initiated coverage with a Hold rating on the stock.

Based on Hortonworks’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $75.01 million and GAAP net loss of $48.23 million. In comparison, last year the company earned revenue of $55.97 million and had a GAAP net loss of $54.84 million.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.

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Hortonworks, Inc. specializes in open-source global data management solutions. Its platforms allows enterprises to manage their data on a globally, whether it is data-in-motion or data-at-rest.