Hortonworks (NASDAQ:HDP) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, April 11th. Monness Crespi & Hardt began coverage on shares of Hortonworks in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. DA Davidson began coverage on shares of Hortonworks in a research report on Friday, March 9th. They set a “buy” rating and a $24.00 target price on the stock. Barclays restated a “hold” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, April 13th. Finally, Nomura began coverage on shares of Hortonworks in a research report on Thursday, June 14th. They set a “buy” rating and a $26.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.13.
Shares of Hortonworks opened at $18.22 on Thursday, according to MarketBeat.com. Hortonworks has a 1-year low of $12.09 and a 1-year high of $22.00. The company has a market cap of $1.42 billion, a PE ratio of -5.95 and a beta of 1.43.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Tuesday, May 8th. The software maker reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to analysts’ expectations of $75.26 million. During the same period last year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. research analysts predict that Hortonworks will post -2.14 earnings per share for the current year.
In other Hortonworks news, CEO Robert G. Bearden sold 113,947 shares of Hortonworks stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $17.92, for a total value of $2,041,930.24. Following the transaction, the chief executive officer now owns 1,773,730 shares in the company, valued at approximately $31,785,241.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Reasoner sold 2,851 shares of Hortonworks stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total transaction of $49,635.91. Following the completion of the transaction, the insider now owns 233,181 shares in the company, valued at approximately $4,059,681.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,026 shares of company stock worth $10,607,500. 15.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in shares of Hortonworks in the 1st quarter valued at $211,000. AXA acquired a new position in shares of Hortonworks in the 4th quarter valued at $209,000. Xact Kapitalforvaltning AB acquired a new position in shares of Hortonworks in the 1st quarter valued at $236,000. Guggenheim Capital LLC acquired a new position in shares of Hortonworks in the 4th quarter valued at $255,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Hortonworks in the 4th quarter valued at $327,000. Institutional investors own 66.56% 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.
Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.