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.
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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