Hortonworks, Inc. (HDP) Receives New Coverage from Analysts at Craig Hallum
Equities research analysts at Craig Hallum assumed coverage on shares of Hortonworks, Inc. (NASDAQ:HDP) in a research note issued on Monday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.
Other equities analysts also recently issued reports about the stock. Sanford C. Bernstein restated an “outperform” rating and set a $21.00 target price on shares of Hortonworks in a report on Friday. Northland Securities restated a “buy” rating and set a $24.00 target price on shares of Hortonworks in a report on Monday. Drexel Hamilton restated a “buy” rating and set a $21.00 target price on shares of Hortonworks in a report on Wednesday, June 14th. Wunderlich raised their target price on shares of Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Hortonworks in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Hortonworks presently has a consensus rating of “Buy” and a consensus price target of $16.17.
Hortonworks (NASDAQ HDP) opened at 13.32 on Monday. The company’s 50-day moving average is $12.97 and its 200-day moving average is $10.59. The firm’s market capitalization is $551.01 million. Hortonworks has a 52-week low of $6.42 and a 52-week high of $14.07.
Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.93) by $0.05. Hortonworks had a negative net margin of 120.94% and a negative return on equity of 765.37%. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $52.21 million. During the same period last year, the firm posted ($0.68) EPS. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. Equities analysts predict that Hortonworks will post ($1.81) earnings per share for the current year.
In related news, insider Greg Pavlik sold 18,663 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $10.56, for a total value of $197,081.28. Following the sale, the insider now directly owns 354,630 shares of the company’s stock, valued at $3,744,892.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shaun Connolly sold 7,831 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.48, for a total transaction of $105,561.88. Following the completion of the sale, the insider now directly owns 611,837 shares in the company, valued at $8,247,562.76. The disclosure for this sale can be found here. Insiders have sold a total of 437,457 shares of company stock worth $5,466,747 over the last ninety days. 26.00% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Columbia Partners L L C Investment Management bought a new stake in Hortonworks during the first quarter valued at about $1,123,000. Public Employees Retirement System of Ohio boosted its stake in Hortonworks by 13.2% in the first quarter. Public Employees Retirement System of Ohio now owns 175,664 shares of the software maker’s stock valued at $1,723,000 after buying an additional 20,481 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Hortonworks during the first quarter valued at about $1,814,000. FNY Partners Fund LP bought a new stake in Hortonworks during the first quarter valued at about $117,000. Finally, Lyon Street Capital LLC bought a new stake in Hortonworks during the first quarter valued at about $2,102,000. 49.78% of the stock is currently owned by institutional investors and hedge funds.
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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