News coverage about Hortonworks (NASDAQ:HDP) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hortonworks earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 44.4930303480674 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
HDP has been the subject of several analyst reports. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Barclays cut shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of Hortonworks in a research report on Wednesday, December 20th. Finally, ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hortonworks presently has an average rating of “Buy” and a consensus target price of $22.36.
NASDAQ:HDP traded down $0.52 on Friday, reaching $17.95. 837,287 shares of the stock traded hands, compared to its average volume of 859,601. The firm has a market cap of $1,439.26, a P/E ratio of -5.87 and a beta of 1.39. Hortonworks has a 12 month low of $9.93 and a 12 month high of $22.00.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.24). The firm had revenue of $75.01 million for the quarter, compared to the consensus estimate of $70.44 million. The firm’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.50) earnings per share. sell-side analysts anticipate that Hortonworks will post -2.43 EPS for the current fiscal year.
In related news, Director Michelangelo Volpi sold 561,692 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $18.51, for a total value of $10,396,918.92. Following the transaction, the director now owns 10,838 shares of the company’s stock, valued at $200,611.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert G. Bearden sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $20.12, for a total transaction of $2,515,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,830,727 shares in the company, valued at approximately $36,834,227.24. The disclosure for this sale can be found here. Insiders sold 1,441,585 shares of company stock valued at $27,037,786 over the last quarter. 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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