Shares of Hortonworks, Inc. (NASDAQ:HDP) have received an average rating of “Buy” from the nineteen research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.46.
HDP has been the topic of a number of recent analyst reports. Drexel Hamilton restated a “buy” rating and issued a $21.00 price target on shares of Hortonworks in a research report on Monday, May 15th. Sanford C. Bernstein initiated coverage on Hortonworks in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $21.00 price target on the stock. Mizuho cut Hortonworks from a “buy” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $14.00 in a research report on Thursday, May 25th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Hortonworks in a research report on Monday, June 12th. Finally, Wunderlich raised their price target on Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th.
Shares of Hortonworks (NASDAQ:HDP) traded down 2.61% during midday trading on Wednesday, hitting $16.79. 797,421 shares of the stock traded hands. The stock has a 50 day moving average of $15.04 and a 200 day moving average of $12.41. Hortonworks has a 1-year low of $6.42 and a 1-year high of $17.70. The company’s market capitalization is $694.55 million.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The company had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. During the same quarter last year, the business earned ($0.72) earnings per share. Hortonworks’s revenue was up 41.6% on a year-over-year basis. Equities research analysts predict that Hortonworks will post ($1.72) earnings per share for the current fiscal year.
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In other news, insider Shaun Connolly sold 66,664 shares of Hortonworks stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $16.06, for a total transaction of $1,070,623.84. Following the sale, the insider now directly owns 418,579 shares of the company’s stock, valued at $6,722,378.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Greg Pavlik sold 5,532 shares of Hortonworks stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $13.35, for a total value of $73,852.20. Following the sale, the insider now directly owns 263,584 shares in the company, valued at $3,518,846.40. The disclosure for this sale can be found here. Insiders have sold 284,324 shares of company stock worth $3,942,243 over the last three months. Insiders own 26.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Hortonworks during the first quarter valued at about $117,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Hortonworks by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after purchasing an additional 29,747 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Hortonworks by 21.2% during the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock valued at $5,668,000 after purchasing an additional 100,953 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Hortonworks by 73.9% during the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after purchasing an additional 20,577 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in shares of Hortonworks during the first quarter valued at about $198,000. 49.62% of the stock is currently owned by hedge funds and other institutional investors.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of 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.
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