Headlines about Hortonworks (NASDAQ:HDP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hortonworks earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 44.4930303480674 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
HDP has been the subject of a number of analyst reports. Credit Suisse Group reissued a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Hortonworks in a research report on Friday, March 9th. DA Davidson initiated coverage on Hortonworks in a research report on Friday, March 9th. They set a “buy” rating and a $24.00 target price for the company. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. ValuEngine raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Mizuho increased their price target on Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.36.
Hortonworks (HDP) opened at $20.15 on Friday. Hortonworks has a 12 month low of $9.10 and a 12 month high of $22.00. The stock has a market capitalization of $1,599.00, a P/E ratio of -6.48 and a beta of 1.57.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.24). The company had revenue of $75.01 million during the quarter, compared to the consensus estimate of $70.44 million. During the same period last year, the firm posted ($0.50) earnings per share. The company’s revenue was up 44.4% compared to the same quarter last year. analysts anticipate that Hortonworks will post -2.43 EPS for the current fiscal year.
In other news, insider Shaun Connolly sold 2,083 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $20.92, for a total value of $43,576.36. Following the completion of the transaction, the insider now owns 238,069 shares of the company’s stock, valued at $4,980,403.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Bearden sold 125,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $20.42, for a total value of $2,552,500.00. Following the transaction, the chief executive officer now directly owns 1,830,727 shares of the company’s stock, valued at $37,383,445.34. The disclosure for this sale can be found here. Insiders sold 1,376,572 shares of company stock valued at $25,762,215 in the last 90 days. Company 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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