News headlines about Hortonworks (NASDAQ:HDP) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hortonworks earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.0955596446296 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities research analysts have commented on the stock. Credit Suisse Group restated a “neutral” rating and set a $24.00 target price (up previously from $23.00) on shares of Hortonworks in a research note on Friday, March 9th. DA Davidson assumed coverage on shares of Hortonworks in a research note on Friday, March 9th. They set a “buy” rating and a $24.00 target price on the stock. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Mizuho lifted their price objective on shares of Hortonworks from $14.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Hortonworks has a consensus rating of “Buy” and an average price target of $22.36.
Shares of HDP stock opened at $20.66 on Wednesday. Hortonworks has a 1 year low of $9.10 and a 1 year high of $22.00.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). The company had revenue of $75.01 million for the quarter, compared to the consensus estimate of $70.44 million. During the same quarter in the previous year, the business earned ($0.50) EPS. The company’s quarterly revenue was up 44.4% on a year-over-year basis. research analysts forecast that Hortonworks will post -2.43 earnings per share for the current year.
In related news, Director Michelangelo Volpi sold 561,692 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $18.51, for a total value of $10,396,918.92. Following the completion of the transaction, the director now directly owns 10,838 shares of the company’s stock, valued at $200,611.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $20.92, for a total transaction of $43,576.36. Following the completion of the transaction, the insider now directly owns 238,069 shares of the company’s stock, valued at $4,980,403.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,376,572 shares of company stock valued at $25,762,215. 22.50% of the stock is currently owned by insiders.
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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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