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Hortonworks Inc (NASDAQ:HDP) has been downgraded to Sell in a report by Goldman Sachs Group Inc. today.

Goldman Sachs Group Inc. has downgraded Hortonworks Inc (NASDAQ:HDP) to Sell in a report released on 10/13/2016.

Previously on 8/8/2016, Rosenblatt reported about Hortonworks Inc (NASDAQ:HDP) raised the target price from $0.00 to $20.00. At the time, this indicated a possible upside of 1.06%.

Yesterday Hortonworks Inc (NASDAQ:HDP) traded -3.49% lower at $7.46. The company’s 50-day moving average is $7.95 and its 200-day moving average is $10.22. The last stock close price is down -32.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,415,696 shares of the stock were exchanged, up from an average trading volume of 1,138,840

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Hortonworks Inc (NASDAQ:HDP)

Hortonworks Inc has a 52 week low of $6.81 and a 52 week high of $22.82 The company’s market cap is currently $0.

In addition to Goldman Sachs Group Inc. reporting its target price, a total of 13 equity analysts have released a ratings update on HDP. The average stock price target is $20.92 with 0 analysts rating the company a strong buy, eleven brokerages rating the company a buy, three equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell.

Brief Synopsis On Hortonworks Inc (NASDAQ:HDP)

Hortonworks, Inc. is a 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). It 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 within thousands of servers or nodes. Its Data in Motion solution, the HDF, is an enterprise-scale data ingest platform built entirely on open source software, including Apache NiFi. HDF accelerates the flow of Data in Motion into HDP to support fidelity analytics.

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