Hortonworks, Inc. (HDP) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS
Hortonworks, Inc. (NASDAQ:HDP) announced its earnings results on Thursday. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.16, Briefing.com reports. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period in the prior year, the company posted ($0.68) EPS. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year.
A number of brokerages have recently weighed in on HDP. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Credit Suisse Group began coverage on Hortonworks in a report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Drexel Hamilton reissued a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a report on Thursday, September 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a report on Sunday, September 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hortonworks currently has a consensus rating of “Buy” and an average price target of $18.93.
In related news, insider Shaun Connolly sold 13,644 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $16.43, for a total value of $224,170.92. Following the transaction, the insider now owns 251,685 shares in the company, valued at approximately $4,135,184.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Reasoner sold 2,364 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total value of $38,840.52. Following the completion of the transaction, the insider now owns 249,321 shares in the company, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. Insiders have sold 662,072 shares of company stock worth $11,067,468 in the last quarter. Insiders own 22.50% of the company’s stock.
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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