Shares of Hortonworks Inc (NASDAQ:HDP) have received an average recommendation of “Buy” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.54.
A number of equities analysts have recently commented on HDP shares. Citigroup started coverage on Hortonworks in a report on Thursday, June 28th. They set a “buy” rating and a $27.00 price target for the company. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Nomura initiated coverage on Hortonworks in a research report on Thursday, June 14th. They set a “buy” rating and a $26.00 price objective on the stock. ValuEngine upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Wednesday, May 23rd.
Hortonworks stock opened at $25.50 on Friday. Hortonworks has a 52 week low of $15.50 and a 52 week high of $26.22. The firm has a market cap of $2.01 billion, a PE ratio of -8.33 and a beta of 1.51.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The business had revenue of $86.34 million for the quarter, compared to analyst estimates of $80.34 million. research analysts expect that Hortonworks will post -1.98 earnings per share for the current fiscal year.
In related news, CEO Robert G. Bearden sold 109,200 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $24.29, for a total transaction of $2,652,468.00. Following the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at approximately $28,933,859.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott E. Gnau sold 6,875 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $19.11, for a total value of $131,381.25. Following the transaction, the insider now directly owns 361,186 shares in the company, valued at $6,902,264.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 878,263 shares of company stock worth $18,969,192. 15.60% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Global X Management Co LLC purchased a new stake in shares of Hortonworks in the second quarter worth approximately $156,000. Amalgamated Bank purchased a new stake in shares of Hortonworks in the second quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hortonworks in the second quarter worth approximately $202,000. Signaturefd LLC purchased a new stake in shares of Hortonworks in the second quarter worth approximately $209,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Hortonworks in the first quarter worth approximately $211,000. 81.33% of the stock is owned by hedge funds and other institutional investors.
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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