Hortonworks Inc (NASDAQ:HDP)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer Holdings Inc. in a research note issued on Thursday, May 4th.
Several other equities research analysts have also recently commented on HDP. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, January 4th. Wells Fargo & Co started coverage on Hortonworks in a research report on Wednesday, January 11th. They issued an “outperform” rating on the stock. Mizuho raised Hortonworks from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $12.00 in a research note on Monday, January 30th. Drexel Hamilton reissued a “buy” rating and set a $18.00 target price on shares of Hortonworks in a research note on Tuesday, February 7th. Finally, Cowen and Company reissued a “market perform” rating and set a $9.00 target price (up previously from $8.00) on shares of Hortonworks in a research note on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $15.09.
Shares of Hortonworks (NASDAQ:HDP) traded down 1.11% on Thursday, reaching $12.48. 401,624 shares of the company were exchanged. The company’s 50-day moving average price is $11.02 and its 200 day moving average price is $9.68. Hortonworks has a 12 month low of $6.42 and a 12 month high of $13.76. The company’s market cap is $516.26 million.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, May 4th. The software maker reported ($0.88) EPS for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.05. The company had revenue of $55.97 million during the quarter, compared to the consensus estimate of $52.21 million. Hortonworks had a negative return on equity of 294.33% and a negative net margin of 136.45%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.68) earnings per share. On average, equities research analysts expect that Hortonworks will post ($1.82) EPS for the current year.
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In other Hortonworks news, insider Shaun Connolly sold 7,831 shares of Hortonworks stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.48, for a total value of $105,561.88. Following the sale, the insider now owns 611,837 shares of the company’s stock, valued at approximately $8,247,562.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Greg Pavlik sold 35,416 shares of Hortonworks stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $10.15, for a total value of $359,472.40. Following the completion of the sale, the insider now directly owns 354,630 shares in the company, valued at approximately $3,599,494.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,909 shares of company stock valued at $1,154,373. 26.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Hortonworks during the third quarter worth $11,266,000. Peregrine Capital Management LLC bought a new stake in Hortonworks during the third quarter worth about $9,477,000. ARK Investment Management LLC bought a new stake in Hortonworks during the fourth quarter worth about $7,133,000. Penn Capital Management Co. Inc. acquired a new position in Hortonworks during the third quarter worth $5,537,000. Finally, Russell Investments Group Ltd. acquired a new position in Hortonworks during the fourth quarter worth $3,887,000. Hedge funds and other institutional investors own 52.91% of the company’s stock.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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