Hortonworks (NASDAQ:HDP) received a $26.00 price target from equities researchers at Nomura in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the software maker’s stock. Nomura’s price objective indicates a potential upside of 55.78% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a report on Saturday, November 10th. ValuEngine downgraded Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Citigroup set a $33.00 price target on Hortonworks and gave the stock a “buy” rating in a research note on Friday, November 9th. BidaskClub downgraded Hortonworks from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, DA Davidson lifted their price target on Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $26.27.
Hortonworks stock traded up $1.54 during midday trading on Thursday, reaching $16.69. The company’s stock had a trading volume of 437,594 shares, compared to its average volume of 1,151,628. Hortonworks has a fifty-two week low of $13.63 and a fifty-two week high of $26.22. The company has a market cap of $1.27 billion, a P/E ratio of -5.45 and a beta of 1.67.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.11. The business had revenue of $87.20 million during the quarter, compared to analyst estimates of $87.07 million. During the same period last year, the business posted ($0.24) EPS. Hortonworks’s revenue was up 26.4% compared to the same quarter last year. On average, equities analysts anticipate that Hortonworks will post -1.81 EPS for the current fiscal year.
In related news, CEO Robert G. Bearden sold 109,200 shares of Hortonworks stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $24.29, for a total transaction of $2,652,468.00. Following the completion of the sale, the chief executive officer now owns 1,191,184 shares in the company, valued at approximately $28,933,859.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott E. Gnau sold 13,750 shares of Hortonworks stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $16.18, for a total value of $222,475.00. Following the sale, the insider now owns 324,490 shares of the company’s stock, valued at approximately $5,250,248.20. The disclosure for this sale can be found here. Insiders have sold a total of 552,112 shares of company stock valued at $11,450,022 in the last ninety days. Corporate insiders own 15.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HDP. Amalgamated Bank purchased a new stake in Hortonworks in the 2nd quarter valued at about $192,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Hortonworks by 192.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 164,512 shares of the software maker’s stock valued at $2,997,000 after buying an additional 108,303 shares during the period. First Trust Advisors LP grew its holdings in Hortonworks by 11.1% in the 2nd quarter. First Trust Advisors LP now owns 172,682 shares of the software maker’s stock valued at $3,146,000 after buying an additional 17,232 shares during the period. Engineers Gate Manager LP grew its holdings in Hortonworks by 34.5% in the 2nd quarter. Engineers Gate Manager LP now owns 127,654 shares of the software maker’s stock valued at $2,326,000 after buying an additional 32,746 shares during the period. Finally, Rhumbline Advisers grew its holdings in Hortonworks by 37.8% in the 2nd quarter. Rhumbline Advisers now owns 64,858 shares of the software maker’s stock valued at $1,182,000 after buying an additional 17,785 shares during the period. Hedge funds and other institutional investors own 80.93% 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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