Hortonworks, Inc. (HDP) Rating Reiterated by Drexel Hamilton
Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “buy” rating restated by equities researchers at Drexel Hamilton in a note issued to investors on Thursday. They presently have a $22.00 price objective on the software maker’s stock. Drexel Hamilton’s price objective indicates a potential upside of 29.95% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Craig Hallum started coverage on shares of Hortonworks in a report on Monday, July 17th. They set a “buy” rating and a $23.00 price objective on the stock. Northland Securities restated a “buy” rating and set a $24.00 price objective on shares of Hortonworks in a report on Monday, July 17th. Finally, Wunderlich raised their price objective on shares of Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.13.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) 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 business had revenue of $61.83 million for the quarter, compared to analyst estimates of $57.62 million. During the same period last year, the business posted ($0.72) earnings per share. The firm’s quarterly revenue was up 41.6% on a year-over-year basis.
In other news, CEO Robert G. Bearden sold 250,000 shares of Hortonworks stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the completion of the transaction, the chief executive officer now owns 341,747 shares of the company’s stock, valued at approximately $5,854,126.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Davidson sold 30,000 shares of Hortonworks stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $16.69, for a total transaction of $500,700.00. Following the completion of the transaction, the insider now directly owns 1,131,322 shares of the company’s stock, valued at approximately $18,881,764.18. The disclosure for this sale can be found here. In the last three months, insiders sold 754,264 shares of company stock valued at $12,138,734. Insiders own 26.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in shares of Hortonworks by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 84,780 shares of the software maker’s stock valued at $1,092,000 after acquiring an additional 1,200 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Hortonworks by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,011 shares of the software maker’s stock valued at $502,000 after acquiring an additional 3,582 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of Hortonworks in the 2nd quarter valued at about $3,062,000. Cubist Systematic Strategies LLC bought a new position in shares of Hortonworks in the 2nd quarter valued at about $242,000. Finally, State Street Corp grew its position in shares of Hortonworks by 8.8% in the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after acquiring an additional 62,903 shares during the period. 49.62% of the stock is owned by institutional investors.
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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