Wall Street analysts expect Hortonworks Inc (NASDAQ:HDP) to report $70.51 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hortonworks’ earnings. The lowest sales estimate is $70.10 million and the highest is $70.86 million. Hortonworks reported sales of $51.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 35.7%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 8th.
On average, analysts expect that Hortonworks will report full-year sales of $70.51 million for the current fiscal year, with estimates ranging from $256.90 million to $257.66 million. For the next fiscal year, analysts forecast that the company will report sales of $338.69 million per share, with estimates ranging from $321.36 million to $353.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Hortonworks.
Several research firms have recently weighed in on HDP. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Mizuho reissued a “hold” rating and issued a $14.00 price objective on shares of Hortonworks in a research report on Thursday, November 2nd. Finally, ValuEngine raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.92.
In other Hortonworks news, insider Scott Davidson sold 16,307 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $18.00, for a total transaction of $293,526.00. Following the completion of the transaction, the insider now directly owns 1,056,504 shares in the company, valued at $19,017,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shaun Connolly sold 2,083 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $20.92, for a total value of $43,576.36. Following the transaction, the insider now owns 238,069 shares of the company’s stock, valued at $4,980,403.48. The disclosure for this sale can be found here. Insiders sold 733,481 shares of company stock valued at $14,281,210 over the last 90 days. 22.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its stake in Hortonworks by 0.8% during the second quarter. Macquarie Group Ltd. now owns 98,826 shares of the software maker’s stock worth $1,273,000 after acquiring an additional 750 shares in the last quarter. Legal & General Group Plc raised its stake in Hortonworks by 8.1% during the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after acquiring an additional 837 shares in the last quarter. California State Teachers Retirement System raised its stake in Hortonworks by 1.4% during the second quarter. California State Teachers Retirement System now owns 84,780 shares of the software maker’s stock worth $1,092,000 after acquiring an additional 1,200 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Hortonworks by 15.9% during the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Hortonworks by 13.3% during the second quarter. Nationwide Fund Advisors now owns 27,131 shares of the software maker’s stock worth $349,000 after acquiring an additional 3,186 shares in the last quarter. Hedge funds and other institutional investors own 57.47% of the company’s stock.
Shares of Hortonworks (NASDAQ HDP) opened at $18.98 on Tuesday. Hortonworks has a 12-month low of $9.10 and a 12-month high of $22.00.
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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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