Royal Bank Of Canada reissued their buy rating on shares of Hortonworks, Inc. (NASDAQ:HDP) in a research report released on Wednesday, October 18th.
HDP has been the topic of several other research reports. Barclays PLC upped their price objective on Hortonworks from $16.00 to $20.00 and gave the company an overweight rating in a research note on Friday, August 25th. BidaskClub lowered Hortonworks from a buy rating to a hold rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Hortonworks from a sell rating to a hold rating in a research note on Tuesday, July 4th. Mizuho reiterated a hold rating and set a $14.00 target price on shares of Hortonworks in a research note on Friday, August 4th. Finally, Drexel Hamilton reiterated a buy rating and set a $22.00 target price on shares of Hortonworks in a research note on Thursday, September 21st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks currently has a consensus rating of Buy and a consensus price target of $18.93.
Hortonworks (NASDAQ HDP) traded down 0.99% during midday trading on Wednesday, hitting $16.00. 109,526 shares of the company traded hands. The stock has a 50 day moving average of $16.70 and a 200 day moving average of $14.02. The stock’s market cap is $661.87 million. Hortonworks has a 12-month low of $6.54 and a 12-month high of $17.70.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. During the same quarter in the prior year, the company posted ($0.72) earnings per share. Hortonworks’s revenue was up 41.6% on a year-over-year basis. Equities research analysts predict that Hortonworks will post ($1.72) EPS for the current fiscal year.
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In related news, insider Greg Pavlik sold 5,532 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $13.35, for a total value of $73,852.20. Following the sale, the insider now owns 263,584 shares of the company’s stock, valued at approximately $3,518,846.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Bearden sold 250,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $17.13, for a total transaction of $4,282,500.00. Following the sale, the chief executive officer now directly owns 341,747 shares in the company, valued at approximately $5,854,126.11. The disclosure for this sale can be found here. Insiders sold a total of 665,240 shares of company stock worth $11,102,480 in the last 90 days. Company insiders own 22.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. New Jersey Better Educational Savings Trust purchased a new position in Hortonworks in the third quarter worth $237,000. State of New Jersey Common Pension Fund D grew its position in Hortonworks by 3.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 280,000 shares of the software maker’s stock worth $4,746,000 after acquiring an additional 10,000 shares in the last quarter. Boston Advisors LLC purchased a new position in Hortonworks in the third quarter worth $697,000. Fox Run Management L.L.C. purchased a new position in Hortonworks in the third quarter worth $420,000. Finally, Strs Ohio boosted its position in Hortonworks by 53.9% during the third quarter. Strs Ohio now owns 48,800 shares of the software maker’s stock valued at $827,000 after buying an additional 17,100 shares during the period. Institutional investors own 50.11% of the company’s stock.
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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