Hortonworks (HDP) Stock Rating Upgraded by Monness Crespi & Hardt

Hortonworks (NASDAQ:HDP) was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat.com reports. The firm currently has a $25.00 target price on the software maker’s stock. Monness Crespi & Hardt’s target price points to a potential upside of 42.78% from the company’s current price.

Several other research analysts also recently issued reports on HDP. DA Davidson began coverage on shares of Hortonworks in a report on Friday, March 9th. They set a “buy” rating and a $24.00 price target for the company. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Credit Suisse Group reiterated a “neutral” rating and set a $24.00 price target (up from $23.00) on shares of Hortonworks in a report on Friday, March 9th. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, May 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a report on Thursday, May 17th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Hortonworks presently has an average rating of “Buy” and a consensus price target of $22.33.

Shares of Hortonworks opened at $17.51 on Monday, according to Marketbeat.com. Hortonworks has a one year low of $11.50 and a one year high of $22.00. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -5.72 and a beta of 1.42.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.07. The firm had revenue of $79.06 million for the quarter, compared to analyst estimates of $75.26 million. During the same quarter in the prior year, the firm earned ($0.50) earnings per share. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. equities research analysts anticipate that Hortonworks will post -2.14 EPS for the current year.

In related news, insider Scott Davidson sold 17,846 shares of the stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $18.01, for a total value of $321,406.46. Following the completion of the sale, the insider now directly owns 1,153,993 shares in the company, valued at $20,783,413.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michelangelo Volpi sold 561,692 shares of the stock in a transaction 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 completion of the sale, the director now owns 10,838 shares of the company’s stock, valued at $200,611.38. The disclosure for this sale can be found here. Insiders sold 1,632,215 shares of company stock valued at $30,082,724 over the last 90 days. 15.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Hortonworks by 10.7% in the first quarter. BlackRock Inc. now owns 3,464,798 shares of the software maker’s stock valued at $70,578,000 after purchasing an additional 333,763 shares during the period. Park West Asset Management LLC increased its holdings in Hortonworks by 47.4% in the fourth quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after purchasing an additional 675,000 shares during the period. Allianz Asset Management GmbH increased its holdings in Hortonworks by 20.8% in the first quarter. Allianz Asset Management GmbH now owns 1,645,910 shares of the software maker’s stock valued at $33,527,000 after purchasing an additional 283,149 shares during the period. Tremblant Capital Group acquired a new stake in Hortonworks in the first quarter valued at $30,266,000. Finally, TCW Group Inc. increased its holdings in Hortonworks by 8.1% in the first quarter. TCW Group Inc. now owns 1,129,528 shares of the software maker’s stock valued at $23,009,000 after purchasing an additional 84,986 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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