Analysts Set Hortonworks Inc. (NASDAQ:HDP) PT at $17.65
Shares of Hortonworks Inc. (NASDAQ:HDP) have been given an average rating of “Buy” by the twenty research firms that are presently covering the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.65.
HDP has been the subject of several research reports. Wunderlich reiterated a “buy” rating on shares of Hortonworks in a research note on Wednesday, July 6th. Northland Securities initiated coverage on Hortonworks in a research note on Friday, June 17th. They set an “outperform” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Drexel Hamilton reiterated a “buy” rating and set a $30.00 price objective on shares of Hortonworks in a research note on Tuesday, August 2nd. Finally, Rosenblatt Securities started coverage on Hortonworks in a research note on Monday, August 8th. They set a “buy” rating and a $20.00 price objective for the company.
Shares of Hortonworks (NASDAQ:HDP) opened at 8.67 on Monday. The stock has a 50 day moving average price of $8.14 and a 200 day moving average price of $10.46. Hortonworks has a one year low of $7.12 and a one year high of $22.82. The stock’s market capitalization is $358.65 million.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.02. Hortonworks had a negative return on equity of 236.91% and a negative net margin of 144.53%. The firm had revenue of $43.60 million for the quarter, compared to analysts’ expectations of $45.24 million. During the same quarter last year, the firm posted ($0.82) earnings per share. Hortonworks’s quarterly revenue was up 45.7% on a year-over-year basis. Equities analysts forecast that Hortonworks will post ($2.65) earnings per share for the current year.
In other news, CFO Scott Davidson sold 5,477 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $12.44, for a total transaction of $68,133.88. Following the sale, the chief financial officer now owns 465,563 shares of the company’s stock, valued at $5,791,603.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Greg Pavlik sold 76,313 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $9.13, for a total value of $696,737.69. Following the sale, the insider now directly owns 386,580 shares in the company, valued at approximately $3,529,475.40. The disclosure for this sale can be found here. Company insiders own 26.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. New Jersey Better Educational Savings Trust raised its stake in Hortonworks by 3.3% in the second quarter. New Jersey Better Educational Savings Trust now owns 31,000 shares of the company’s stock worth $331,000 after buying an additional 1,000 shares in the last quarter. Royal Bank of Canada raised its position in Hortonworks by 63.1% in the first quarter. Royal Bank of Canada now owns 20,768 shares of the company’s stock valued at $234,000 after buying an additional 8,031 shares during the period. State of New Jersey Common Pension Fund D raised its position in Hortonworks by 2.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the company’s stock valued at $5,131,000 after buying an additional 10,000 shares during the period. BlackRock Group LTD raised its position in Hortonworks by 6.3% in the first quarter. BlackRock Group LTD now owns 180,029 shares of the company’s stock valued at $2,034,000 after buying an additional 10,650 shares during the period. Finally, Societe Generale acquired a new position in Hortonworks during the second quarter valued at approximately $141,000. 51.80% of the stock is currently owned by institutional investors and hedge funds.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of an 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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