Shares of Hortonworks Inc (NASDAQ:HDP) have been assigned an average rating of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.27.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a research report on Saturday, November 10th. ValuEngine downgraded Hortonworks from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Citigroup set a $33.00 target price on Hortonworks and gave the stock a “buy” rating in a research report on Friday, November 9th. BidaskClub downgraded Hortonworks from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, DA Davidson upped their target price on Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th.
HDP stock opened at $16.05 on Friday. Hortonworks has a 12-month low of $13.63 and a 12-month high of $26.22. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -5.25 and a beta of 1.70.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million for the quarter, compared to analysts’ expectations of $87.07 million. During the same period last year, the firm posted ($0.24) EPS. Hortonworks’s revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts forecast that Hortonworks will post -1.81 EPS for the current year.
In related news, CEO Robert G. Bearden sold 109,200 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $24.29, for a total value of $2,652,468.00. Following the completion of the transaction, the chief executive officer now owns 1,191,184 shares of the company’s stock, valued at $28,933,859.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Reasoner sold 5,730 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $22.00, for a total value of $126,060.00. Following the completion of the transaction, the insider now directly owns 188,159 shares of the company’s stock, valued at approximately $4,139,498. The disclosure for this sale can be found here. Insiders sold 663,189 shares of company stock valued at $13,843,312 in the last three months. 15.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Hortonworks by 8.4% during the third quarter. Vanguard Group Inc. now owns 8,663,161 shares of the software maker’s stock valued at $197,607,000 after buying an additional 670,844 shares in the last quarter. Morgan Stanley raised its stake in Hortonworks by 36.2% during the third quarter. Morgan Stanley now owns 1,081,165 shares of the software maker’s stock valued at $24,662,000 after buying an additional 287,544 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Hortonworks by 8.1% during the third quarter. TIAA CREF Investment Management LLC now owns 624,133 shares of the software maker’s stock valued at $14,236,000 after buying an additional 46,628 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Hortonworks by 31.7% during the third quarter. Advisors Asset Management Inc. now owns 16,350 shares of the software maker’s stock valued at $373,000 after buying an additional 3,936 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in Hortonworks by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 49,204 shares of the software maker’s stock valued at $1,122,000 after buying an additional 17,491 shares in the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.
Hortonworks Company Profile
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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