Hortonworks (HDP) Short Interest Up 29.4% in April

Hortonworks (NASDAQ:HDP) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,578,690 shares, a growth of 29.4% from the April 13th total of 2,766,430 shares. Based on an average daily trading volume, of 746,016 shares, the days-to-cover ratio is presently 4.8 days. Approximately 6.1% of the company’s stock are short sold.

In other news, CTO Scott E. Gnau sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $17.12, for a total value of $45,522.08. Following the completion of the transaction, the chief technology officer now owns 345,794 shares in the company, valued at $5,919,993.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Scott E. Gnau sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $18.51, for a total transaction of $370,200.00. Following the completion of the transaction, the chief technology officer now owns 385,771 shares of the company’s stock, valued at approximately $7,140,621.21. The disclosure for this sale can be found here. Insiders sold 1,803,130 shares of company stock valued at $33,413,573 in the last quarter. Corporate insiders own 15.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Elk Creek Partners LLC lifted its stake in Hortonworks by 106.0% in the first quarter. Elk Creek Partners LLC now owns 321,914 shares of the software maker’s stock valued at $6,557,000 after acquiring an additional 165,655 shares during the last quarter. Penn Capital Management Co. Inc. lifted its stake in Hortonworks by 1.4% in the first quarter. Penn Capital Management Co. Inc. now owns 578,289 shares of the software maker’s stock valued at $11,798,000 after acquiring an additional 8,053 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Hortonworks in the first quarter valued at $351,000. Russell Investments Group Ltd. raised its position in shares of Hortonworks by 14.6% in the first quarter. Russell Investments Group Ltd. now owns 67,748 shares of the software maker’s stock valued at $1,380,000 after purchasing an additional 8,646 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Hortonworks in the first quarter valued at about $2,802,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Several research firms have recently weighed in on HDP. Credit Suisse Group cut shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Tuesday, January 16th. DA Davidson initiated coverage on shares of Hortonworks in a report on Friday, March 9th. They set a “buy” rating and a $24.00 target price for the company. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.14.

Shares of Hortonworks opened at $18.12 on Friday, according to MarketBeat Ratings. The firm has a market cap of $1.42 billion, a P/E ratio of -5.92 and a beta of 1.42. Hortonworks has a 12 month low of $11.50 and a 12 month high of $22.00.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.07. The firm had revenue of $79.06 million during the quarter, compared to analyst estimates of $75.26 million. The business’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.50) EPS. analysts forecast that Hortonworks will post -2.43 EPS for the current fiscal year.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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