Hortonworks, Inc. (NASDAQ:HDP) has received an average rating of “Buy” from the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.50.

Several research firms have issued reports on HDP. Northland Securities restated a “buy” rating and set a $24.00 target price on shares of Hortonworks in a research report on Thursday, October 19th. Royal Bank Of Canada reiterated a “buy” rating on shares of Hortonworks in a research report on Wednesday, October 18th. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a research report on Thursday, September 21st.

Hortonworks (HDP) opened at 15.99 on Thursday. Hortonworks has a 1-year low of $6.54 and a 1-year high of $17.70. The company’s market cap is $661.46 million. The firm’s 50-day moving average price is $16.70 and its 200-day moving average price is $14.02.

Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.87). The firm had revenue of $61.83 million for the quarter, compared to the consensus estimate of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.72) earnings per share. Equities research analysts forecast that Hortonworks will post ($1.72) EPS for the current fiscal year.

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In other news, CEO Robert G. Bearden sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $17.13, for a total transaction of $4,282,500.00. Following the transaction, the chief executive officer now directly owns 341,747 shares of the company’s stock, valued at $5,854,126.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $17.01, for a total value of $35,431.83. Following the transaction, the insider now directly owns 387,412 shares in the company, valued at $6,589,878.12. The disclosure for this sale can be found here. In the last three months, insiders sold 665,240 shares of company stock worth $11,102,480. 22.50% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. ETF Managers Group LLC bought a new position in shares of Hortonworks during the second quarter valued at about $125,000. Legal & General Group Plc grew its stake in shares of Hortonworks by 8.1% during the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter valued at about $117,000. FNY Partners Fund LP bought a new position in shares of Hortonworks during the first quarter valued at about $117,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Hortonworks by 15.9% during the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares during the last quarter. 50.11% of the stock is currently owned by hedge funds and other institutional investors.

About Hortonworks

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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