Craig Hallum assumed coverage on shares of Hortonworks, Inc. (NASDAQ:HDP) in a report released on Monday, July 17th. The brokerage issued a buy rating and a $23.00 price objective on the software maker’s stock.
A number of other research firms also recently issued reports on HDP. Zacks Investment Research upgraded shares of Hortonworks from a sell rating to a hold rating in a report on Tuesday, July 4th. Mizuho downgraded shares of Hortonworks from a buy rating to a neutral rating and lifted their price objective for the company from $13.00 to $14.00 in a report on Thursday, May 25th. Sanford C. Bernstein started coverage on shares of Hortonworks in a report on Wednesday, May 24th. They issued an outperform rating and a $21.00 price objective on the stock. Northland Securities reissued a buy rating and issued a $24.00 target price on shares of Hortonworks in a research note on Monday, July 17th. Finally, Wunderlich raised their target price on shares of Hortonworks from $15.00 to $18.00 and gave the company a buy rating in a research note on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $17.77.
Shares of Hortonworks (NASDAQ:HDP) traded up 0.83% during trading on Monday, hitting $14.57. 484,573 shares of the company were exchanged. The company’s 50-day moving average price is $13.47 and its 200 day moving average price is $11.57. Hortonworks has a 12 month low of $6.42 and a 12 month high of $15.18. The stock’s market cap is $602.72 million.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, hitting the consensus estimate of ($0.87). The firm had revenue of $61.83 million for the quarter, compared to the consensus estimate of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 1,685.64%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same period last year, the company posted ($0.72) EPS. On average, equities analysts predict that Hortonworks will post ($1.72) earnings per share for the current fiscal year.
In related news, insider Shaun Connolly sold 7,831 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.48, for a total value of $105,561.88. Following the sale, the insider now directly owns 611,837 shares in the company, valued at $8,247,562.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Reasoner sold 2,302 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $13.01, for a total value of $29,949.02. Following the transaction, the insider now owns 177,757 shares in the company, valued at $2,312,618.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 467,477 shares of company stock worth $6,025,584. Company insiders own 26.00% of the company’s stock.
Several institutional investors have recently modified their holdings of HDP. State Street Corp raised its position in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock worth $5,509,000 after buying an additional 30,180 shares during the last quarter. Teachers Advisors LLC raised its stake in Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock worth $557,000 after buying an additional 2,862 shares during the last quarter. Peregrine Capital Management LLC raised its stake in Hortonworks by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,239,874 shares of the software maker’s stock worth $12,076,000 after buying an additional 85,376 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in Hortonworks by 48.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 68,400 shares of the software maker’s stock worth $671,000 after buying an additional 22,400 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock worth $5,668,000 after buying an additional 100,953 shares during the last quarter. 50.19% of the stock is currently owned by 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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