Rosenblatt Securities reissued their buy rating on shares of Hortonworks (NASDAQ:HDP) in a research note released on Wednesday. The brokerage currently has a $25.00 price target on the software maker’s stock.
“We had the opportunity to host Hortonworks management this week for a se- ries of investor meetings. We come away with our positive view reinforced and remain comfortable with the demand environment, the company’s ability to exe- cute on its disciplined growth plan, strength of the product line and potential leverage from partners. We reiterate our buy rating and $25 price target.”,” the firm’s analyst commented.
Other research analysts have also recently issued research reports about the company. Monness Crespi & Hardt raised Hortonworks from a neutral rating to a buy rating and set a $25.00 price target on the stock in a report on Monday. ValuEngine cut Hortonworks from a buy rating to a hold rating in a report on Saturday, May 12th. Credit Suisse Group reaffirmed a neutral rating and issued a $24.00 price target (up previously from $23.00) on shares of Hortonworks in a report on Friday, March 9th. DA Davidson began coverage on Hortonworks in a report on Friday, March 9th. They issued a buy rating and a $24.00 price target on the stock. Finally, Zacks Investment Research raised Hortonworks from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Wednesday, April 11th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $22.33.
NASDAQ HDP opened at $17.92 on Wednesday. Hortonworks has a 1 year low of $11.50 and a 1 year high of $22.00.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The company had revenue of $79.06 million during the quarter, compared to the consensus estimate of $75.26 million. Hortonworks’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.50) EPS. research analysts anticipate that Hortonworks will post -2.14 EPS for the current year.
In other news, Director Michelangelo Volpi sold 133,499 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $18.54, for a total transaction of $2,475,071.46. Following the transaction, the director now directly owns 10,838 shares in the company, valued at approximately $200,936.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Bearden sold 125,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $20.42, for a total transaction of $2,552,500.00. Following the transaction, the chief executive officer now owns 1,830,727 shares in the company, valued at $37,383,445.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,523 shares of company stock worth $19,685,805. Company insiders own 15.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. AXA purchased a new position in shares of Hortonworks during the 4th quarter valued at $209,000. Verition Fund Management LLC purchased a new position in shares of Hortonworks during the 1st quarter valued at $211,000. Xact Kapitalforvaltning AB purchased a new position in shares of Hortonworks during the 1st quarter valued at $236,000. Guggenheim Capital LLC purchased a new position in shares of Hortonworks during the 4th quarter valued at $255,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hortonworks during the 4th quarter valued at $327,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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