Today’s Stock On Watch: Is Selling Hortonworks Inc Here a Winning Strategy?

Today's Stock On Watch: Is Selling Hortonworks Inc Here a Winning Strategy?

The stock of Hortonworks Inc (NASDAQ:HDP) hit a new 52-week low and has $6.01 target or 13.00% below today’s $6.91 share price. The 8 months bearish chart indicates high risk for the $394.08M company. The 1-year low was reported on Oct, 17 by If the $6.01 price target is reached, the company will be worth $51.23 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 256,425 shares traded hands. Hortonworks Inc (NASDAQ:HDP) has declined 39.72% since March 14, 2016 and is downtrending. It has underperformed by 45.33% the S&P500.

Analysts await Hortonworks Inc (NASDAQ:HDP) to report earnings on November, 2. They expect $-0.99 EPS, up 1.00% or $0.01 from last year’s $-1 per share. After $-1.11 actual EPS 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), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. Hortonworks has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Needham given on Friday, November 20. The stock has “Buy” rating given by DA Davidson on Monday, July 11. The firm has “Outperform” rating by Oppenheimer given on Thursday, November 5. The rating was maintained by Wunderlich on Thursday, February 11 with “Buy”. The firm earned “Neutral” rating on Tuesday, December 15 by Guggenheim. Wunderlich maintained Hortonworks Inc (NASDAQ:HDP) rating on Thursday, August 6. Wunderlich has “Buy” rating and $36.0 price target. The stock has “Buy” rating given by Wunderlich on Friday, August 5. On Thursday, October 13 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Hold” rating by Needham given on Friday, August 5. As per Tuesday, December 15, the company rating was initiated by Drexel Hamilton.

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 is positive, 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.
Savings Bank Of New York Mellon Corp last reported 0% of its portfolio in the stock. South Dakota Investment Council holds 0.03% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 117,861 shares. State Street Corp last reported 0% of its portfolio in the stock. Partner Fund L P last reported 1.17 million shares in the company. Manufacturers Life Ins The has 28,185 shares for 0% of their US portfolio. Wells Fargo Mn accumulated 0% or 1.06M shares. The Pennsylvania-based Susquehanna Group Ltd Liability Partnership has invested 0% in Hortonworks Inc (NASDAQ:HDP). Partner Inv Management Limited Partnership owns 19,799 shares or 0.35% of their US portfolio. Moreover, Raging Cap Mngmt Limited Liability Corporation has 0.11% invested in Hortonworks Inc (NASDAQ:HDP) for 65,000 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 3,693 shares. Westpac Banking Corporation has 0% invested in the company for 11,945 shares. Royal National Bank & Trust Of Canada holds 30,856 shares or 0% of its portfolio. Carlson Cap Limited Partnership accumulated 0.05% or 352,722 shares. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Hortonworks Inc (NASDAQ:HDP) for 1,592 shares. Moreover, Rhumbline Advisers has 0% invested in Hortonworks Inc (NASDAQ:HDP) for 31,335 shares.

More important recent Hortonworks Inc (NASDAQ:HDP) news were published by: which released: “Hortonworks to Announce Third Quarter 2016 Results on November 3, 2016” on October 10, 2016, also published article titled: “Webtrends Chooses Hortonworks to Power Its Connected Data Architecture”, published: “Hortonworks Named on the Constellation ShortListâ„¢ for Internet of Things …” on October 05, 2016. More interesting news about Hortonworks Inc (NASDAQ:HDP) was released by: and their article: “Hortonworks Accelerates Cloud Innovation for Customers with Microsoft Azure …” with publication date: September 29, 2016.

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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