Stock On Watch: Will Hortonworks Inc Short Squeeze Soon?

Stock On Watch: Will Hortonworks Inc Short Squeeze Soon?

The stock of Hortonworks Inc (NASDAQ:HDP) is a huge mover today! About 931,751 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 23.01% since March 9, 2016 and is downtrending. It has underperformed by 30.42% the S&P500.
The move comes after 6 months negative chart setup for the $471.59 million company. It was reported on Oct, 12 by We have $7.06 PT which if reached, will make NASDAQ:HDP worth $51.87 million less.

Analysts await Hortonworks Inc (NASDAQ:HDP) to report earnings on November, 2. They expect $-0.99 earnings per share, up 1.00% or $0.01 from last year’s $-1 per share. After $-1.11 actual earnings per share reported by Hortonworks Inc for the previous quarter, Wall Street now forecasts -10.81% EPS growth.

Hortonworks Inc (NASDAQ:HDP) Ratings Coverage

Out of 15 analysts covering Hortonworks (NASDAQ:HDP), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. Hortonworks has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, February 11, the company rating was maintained by Needham. The firm earned “Buy” rating on Friday, August 5 by Wunderlich. The firm has “Sector Perform” rating given on Friday, August 5 by Pacific Crest. The stock of Hortonworks Inc (NASDAQ:HDP) earned “Buy” rating by Needham on Friday, November 20. As per Tuesday, December 15, the company rating was initiated by Guggenheim. The firm has “Buy” rating given on Tuesday, December 15 by Drexel Hamilton. The stock of Hortonworks Inc (NASDAQ:HDP) has “Buy” rating given on Thursday, February 11 by Mizuho. The firm has “Buy” rating given on Friday, December 11 by Goldman Sachs. As per Friday, June 17, the company rating was initiated by Northland Capital. The firm has “Neutral” rating by Susquehanna given on Thursday, February 11.

According to Zacks Investment Research, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.06, from 1.34 in 2016Q1. The ratio increased, as 17 funds sold all Hortonworks Inc shares owned while 18 reduced positions. 14 funds bought stakes while 35 increased positions. They now own 30.22 million shares or 13.03% more from 26.73 million shares in 2016Q1.
South Dakota Investment Council last reported 0.03% of its portfolio in the stock. Fmr Limited Liability Company accumulated 0.01% or 4.59M shares. Blackrock Institutional Co Na, a California-based fund reported 881,433 shares. Independent Port Consultants last reported 645 shares in the company. Raging Cap Management Ltd has 0.11% invested in the company for 65,000 shares. Wells Fargo Mn last reported 0% of its portfolio in the stock. The Georgia-based Invesco has invested 0% in Hortonworks Inc (NASDAQ:HDP). State Of New Jersey Common Pension Fund D holds 0.02% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 480,000 shares. Susquehanna Gru Llp has 0% invested in the company for 27,474 shares. Amer Grp holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 23,220 shares. Envestnet Asset Mngmt holds 0% or 4,755 shares in its portfolio. Credit Suisse Ag has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP). Geode Mgmt Limited Com owns 267,861 shares or 0% of their US portfolio. Blackrock Advsr Llc has 602,506 shares for 0.01% of their US portfolio. Macquarie Gru Limited has invested 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP).

More news for Hortonworks Inc (NASDAQ:HDP) were recently published by:, which released: “Hortonworks Tightens Focus on the Cloud with Connected Data Architecture” on September 27, 2016.‘s article titled: “Hortonworks Accelerates Cloud Innovation for Customers with Microsoft Azure …” and published on September 29, 2016 is yet another important article.

HDP Company Profile

Hortonworks, Inc., incorporated on April 15, 2011, is a well-known provider and distributor of an enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). The Firm provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF. The Company’s Data at Rest solution, the HDP, is an enterprise-scale data management platform built entirely on open source software, including Apache Hadoop. HDP combines computer servers with local storage and open source software technology to create a distributed compute and storage platform for data sets that is secure and scalable over petabytes of data within thousands of servers or nodes.

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