Headlines about Hortonworks (NASDAQ:HDP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hortonworks earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 44.2414311001607 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
Hortonworks (NASDAQ:HDP) traded up $0.51 on Friday, hitting $21.34. The stock had a trading volume of 931,589 shares, compared to its average volume of 614,935. The company has a market cap of $1,510.00, a price-to-earnings ratio of -6.33 and a beta of 1.66. Hortonworks has a 52-week low of $8.74 and a 52-week high of $22.00.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. The company’s revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.68) earnings per share. research analysts expect that Hortonworks will post -2.98 earnings per share for the current year.
A number of equities research analysts have weighed in on HDP shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 target price on shares of Hortonworks in a research report on Sunday, September 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $22.00 target price on shares of Hortonworks in a research report on Thursday, September 21st. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Northland Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Hortonworks in a research report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.92.
In related news, insider Scott Reasoner sold 5,224 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $20.29, for a total transaction of $105,994.96. Following the transaction, the insider now directly owns 228,725 shares in the company, valued at approximately $4,640,830.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shaun Connolly sold 13,644 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $16.43, for a total value of $224,170.92. Following the transaction, the insider now owns 251,685 shares in the company, valued at $4,135,184.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 777,406 shares of company stock valued at $15,043,645. Corporate insiders own 22.50% of the company’s stock.
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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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