Shares of Hortonworks, Inc. (NASDAQ:HDP) have been assigned an average rating of “Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.46.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, November 7th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Drexel Hamilton reissued a “buy” rating and issued a $26.00 price objective on shares of Hortonworks in a research note on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, November 3rd. Finally, Mizuho restated a “hold” rating and set a $14.00 target price on shares of Hortonworks in a research report on Thursday, November 2nd.
In related news, CEO Robert G. Bearden sold 250,000 shares of Hortonworks stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $16.78, for a total value of $4,195,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,128,525 shares in the company, valued at approximately $35,716,649.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shaun Connolly sold 66,664 shares of Hortonworks stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.06, for a total transaction of $1,070,623.84. Following the completion of the sale, the insider now owns 418,579 shares of the company’s stock, valued at $6,722,378.74. The disclosure for this sale can be found here. Insiders sold a total of 821,677 shares of company stock worth $14,174,953 over the last 90 days. Company insiders own 22.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HDP. ETF Managers Group LLC acquired a new stake in Hortonworks during the 2nd quarter valued at approximately $125,000. Legal & General Group Plc increased its holdings in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Hortonworks during the 2nd quarter valued at approximately $170,000. Finally, Quantbot Technologies LP purchased a new position in shares of Hortonworks during the 2nd quarter valued at approximately $173,000. Institutional investors and hedge funds own 50.94% of the company’s stock.
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Shares of Hortonworks (HDP) opened at $19.47 on Monday. Hortonworks has a twelve month low of $8.02 and a twelve month high of $19.53.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The business had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $63.11 million. During the same period in the prior year, the company earned ($0.68) earnings per share. The firm’s revenue was up 45.3% on a year-over-year basis. research analysts forecast that Hortonworks will post -2.98 earnings per share for the current year.
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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