Hortonworks (NASDAQ:HDP) released its earnings results on Thursday. The software maker reported ($0.37) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.11, Morningstar.com reports. The company had revenue of $87.20 million for the quarter, compared to analyst estimates of $87.07 million. Hortonworks’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share.
Shares of HDP stock traded down $2.17 during mid-day trading on Friday, reaching $16.24. The company’s stock had a trading volume of 3,277,069 shares, compared to its average volume of 1,167,655. Hortonworks has a 1-year low of $16.07 and a 1-year high of $26.22. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -5.31 and a beta of 1.70.
In related news, insider Scott Reasoner sold 8,219 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $21.16, for a total transaction of $173,914.04. Following the completion of the sale, the insider now owns 205,059 shares in the company, valued at approximately $4,339,048.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Bearden sold 258,098 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $21.77, for a total transaction of $5,618,793.46. Following the sale, the chief executive officer now owns 1,265,633 shares of the company’s stock, valued at approximately $27,552,830.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,105,408 shares of company stock valued at $24,098,099. Corporate insiders own 15.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new stake in shares of Hortonworks during the 2nd quarter worth about $226,000. Global X Management Co LLC acquired a new stake in shares of Hortonworks during the 2nd quarter worth about $156,000. Ashfield Capital Partners LLC acquired a new stake in shares of Hortonworks during the 3rd quarter worth about $205,000. Amalgamated Bank acquired a new stake in shares of Hortonworks during the 2nd quarter worth about $192,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hortonworks during the 2nd quarter worth about $202,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
Several equities analysts recently commented on HDP shares. Wells Fargo & Co upped their target price on shares of Hortonworks to $32.50 and gave the company an “outperform” rating in a research note on Friday, September 14th. BTIG Research started coverage on shares of Hortonworks in a research note on Wednesday, September 12th. They set a “buy” rating for the company. JMP Securities cut their target price on shares of Hortonworks from $27.00 to $21.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 8th. BidaskClub cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, Monness Crespi & Hardt upped their target price on shares of Hortonworks from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.50.
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Hortonworks Company Profile
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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