$63.19 Million in Sales Expected for Hortonworks, Inc. (HDP) This Quarter
Equities research analysts predict that Hortonworks, Inc. (NASDAQ:HDP) will announce sales of $63.19 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Hortonworks’ earnings, with estimates ranging from $62.90 million to $63.69 million. Hortonworks posted sales of $47.52 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 33%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Hortonworks will report full-year sales of $63.19 million for the current financial year, with estimates ranging from $247.19 million to $247.89 million. For the next year, analysts forecast that the business will report sales of $332.18 million per share, with estimates ranging from $308.83 million to $350.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hortonworks.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.87). Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The company had revenue of $61.83 million during the quarter, compared to the consensus estimate of $57.62 million. During the same quarter in the prior year, the firm earned ($0.72) EPS. The company’s revenue was up 41.6% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a report on Sunday. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Credit Suisse Group assumed coverage on shares of Hortonworks in a report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price objective for the company. Barclays PLC boosted their price objective on shares of Hortonworks from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Finally, ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Hortonworks currently has an average rating of “Buy” and an average target price of $18.21.
In other news, CEO Robert G. Bearden sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $16.78, for a total value of $4,195,000.00. Following the sale, the chief executive officer now owns 2,128,525 shares of the company’s stock, valued at $35,716,649.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 2,302 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $13.01, for a total transaction of $29,949.02. Following the completion of the sale, the insider now directly owns 177,757 shares in the company, valued at approximately $2,312,618.57. The disclosure for this sale can be found here. Insiders sold 776,494 shares of company stock valued at $12,321,163 in the last quarter. Corporate insiders own 26.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after purchasing an additional 389,514 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Hortonworks by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock worth $12,756,000 after purchasing an additional 412,539 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Hortonworks by 5.9% in the second quarter. ARK Investment Management LLC now owns 837,483 shares of the software maker’s stock worth $10,787,000 after purchasing an additional 46,391 shares in the last quarter. State Street Corp lifted its position in shares of Hortonworks by 8.8% in the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after purchasing an additional 62,903 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its position in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock worth $8,682,000 after purchasing an additional 605,700 shares in the last quarter. 49.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hortonworks (HDP) opened at 16.75 on Thursday. Hortonworks has a 52-week low of $6.42 and a 52-week high of $17.70. The stock’s market cap is $692.90 million. The firm has a 50-day moving average of $15.27 and a 200-day moving average of $12.54.
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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