Hortonworks Inc (NASDAQ:HDP) has been assigned a consensus rating of “Buy” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.04.
Several analysts have issued reports on HDP shares. ValuEngine lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Monness Crespi & Hardt upped their target price on Hortonworks from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. JMP Securities cut their target price on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 8th. Needham & Company LLC upped their target price on Hortonworks from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, BTIG Research started coverage on Hortonworks in a research note on Wednesday, September 12th. They issued a “buy” rating for the company.
Shares of NASDAQ HDP traded down $2.17 during midday trading on Monday, hitting $16.24. 3,277,069 shares of the company’s stock were exchanged, compared to its average volume of 1,455,314. Hortonworks has a 12-month low of $16.07 and a 12-month high of $26.22. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -5.31 and a beta of 1.70.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.11. The business had revenue of $87.20 million for the quarter, compared to analysts’ expectations of $87.07 million. During the same period in the previous year, the firm posted ($0.24) EPS. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, analysts anticipate that Hortonworks will post -1.99 EPS for the current year.
In other news, CEO Robert G. Bearden sold 74,449 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $22.05, for a total transaction of $1,641,600.45. Following the completion of the sale, the chief executive officer now owns 1,265,633 shares of the company’s stock, valued at $27,907,207.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Scott Davidson sold 17,846 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $22.22, for a total value of $396,538.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,105,408 shares of company stock valued at $24,098,099. 15.60% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Hortonworks during the second quarter valued at approximately $226,000. Global X Management Co LLC bought a new position in shares of Hortonworks during the second quarter valued at approximately $156,000. Ashfield Capital Partners LLC bought a new position in shares of Hortonworks during the third quarter valued at approximately $205,000. Amalgamated Bank bought a new position in shares of Hortonworks during the second quarter valued at approximately $192,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Hortonworks during the second quarter valued at approximately $202,000. 79.78% of the stock is owned by hedge funds and other institutional investors.
Hortonworks Company Profile
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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