Hortonworks’ (HDP) “Overweight” Rating Reiterated at Barclays PLC
Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a report issued on Friday. They presently have a $16.00 target price on the software maker’s stock, up from their prior target price of $15.00. Barclays PLC’s price objective would suggest a potential upside of 8.25% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Mizuho reiterated a “hold” rating and set a $14.00 target price on shares of Hortonworks in a research report on Friday, August 4th. Needham & Company LLC began coverage on shares of Hortonworks in a research report on Tuesday, July 25th. They set a “buy” rating and a $25.00 target price for the company. Drexel Hamilton reiterated a “buy” rating and set a $21.00 target price on shares of Hortonworks in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Finally, BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.77.
Shares of Hortonworks (NASDAQ HDP) traded up 0.575% during mid-day trading on Friday, reaching $14.865. 917,490 shares of the company’s stock traded hands. The company’s market cap is $614.92 million. The firm has a 50-day moving average of $13.27 and a 200 day moving average of $11.36. Hortonworks has a 12-month low of $6.42 and a 12-month high of $15.13.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.87). The firm had revenue of $61.83 million during the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 1,685.64%. The company’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.72) earnings per share. Equities analysts forecast that Hortonworks will post ($1.73) EPS for the current year.
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In related news, insider Shaun Connolly sold 88,875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total value of $1,163,373.75. Following the sale, the insider now directly owns 522,962 shares of the company’s stock, valued at $6,845,572.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greg Pavlik sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the completion of the sale, the insider now directly owns 254,630 shares in the company, valued at $3,149,773.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 452,222 shares of company stock worth $5,796,759. Insiders own 26.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake in shares of Hortonworks by 31.7% in the first quarter. Parametric Portfolio Associates LLC now owns 36,431 shares of the software maker’s stock worth $357,000 after buying an additional 8,779 shares in the last quarter. Parkwood LLC increased its stake in shares of Hortonworks by 38.6% in the first quarter. Parkwood LLC now owns 24,363 shares of the software maker’s stock worth $239,000 after buying an additional 6,785 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hortonworks by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 181,652 shares of the software maker’s stock worth $1,782,000 after buying an additional 23,149 shares in the last quarter. Princeton Alpha Management LP bought a new stake in shares of Hortonworks during the first quarter worth $110,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Hortonworks during the first quarter worth $198,000. 50.19% 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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