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.
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.
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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