Hortonworks (HDP) Given a $26.00 Price Target by Nomura Analysts

Hortonworks (NASDAQ:HDP) has been given a $26.00 price target by research analysts at Nomura in a note issued to investors on Thursday. The firm presently has a “buy” rating on the software maker’s stock. Nomura’s price target indicates a potential upside of 63.11% from the company’s current price.

HDP has been the topic of several other research reports. BidaskClub lowered shares of Hortonworks from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Wells Fargo & Co lifted their target price on shares of Hortonworks to $32.50 and gave the stock an “outperform” rating in a research note on Friday, September 14th. BTIG Research assumed coverage on shares of Hortonworks in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock. JMP Securities reduced their price target on shares of Hortonworks from $27.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 8th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Hortonworks from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Hortonworks has a consensus rating of “Buy” and a consensus price target of $26.27.

NASDAQ:HDP opened at $15.94 on Thursday. Hortonworks has a 52 week low of $13.63 and a 52 week high of $26.22.

Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million for the quarter, compared to analysts’ expectations of $87.07 million. The company’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) EPS. On average, equities research analysts forecast that Hortonworks will post -1.81 earnings per share for the current fiscal year.

In other Hortonworks news, CEO Robert G. Bearden sold 109,200 shares of Hortonworks stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $24.29, for a total value of $2,652,468.00. Following the completion of the transaction, the chief executive officer now owns 1,191,184 shares of the company’s stock, valued at $28,933,859.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 3,126 shares of Hortonworks stock in a transaction on Monday, September 17th. The stock was sold at an average price of $25.02, for a total transaction of $78,212.52. Following the completion of the transaction, the insider now directly owns 183,686 shares of the company’s stock, valued at approximately $4,595,823.72. The disclosure for this sale can be found here. Insiders have sold 552,784 shares of company stock worth $11,460,788 in the last quarter. Insiders own 15.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Global X Management Co LLC purchased a new position in Hortonworks during the 2nd quarter valued at about $156,000. Amalgamated Bank acquired a new position in shares of Hortonworks during the second quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hortonworks during the second quarter valued at approximately $202,000. Ashfield Capital Partners LLC bought a new stake in shares of Hortonworks during the third quarter valued at approximately $205,000. Finally, Signaturefd LLC bought a new stake in shares of Hortonworks during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Hortonworks

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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