Hortonworks Inc. (HDP) Receives “Neutral” Rating from Mizuho
Other equities research analysts have also recently issued research reports about the stock. Drexel Hamilton reaffirmed a buy rating and issued a $30.00 price objective on shares of Hortonworks in a research note on Monday, June 27th. Goldman Sachs Group Inc. cut their price objective on shares of Hortonworks from $16.00 to $14.00 and set a buy rating for the company in a research note on Friday, August 5th. Wunderlich lowered their price target on shares of Hortonworks from $17.00 to $14.00 and set a buy rating for the company in a report on Friday, August 5th. DA Davidson upgraded shares of Hortonworks from a neutral rating to a buy rating and set a $13.00 price target for the company in a report on Monday, July 11th. They noted that the move was a valuation call. Finally, JMP Securities reiterated a buy rating on shares of Hortonworks in a report on Saturday, July 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $17.85.
Shares of Hortonworks (NASDAQ:HDP) traded down 0.184% on Tuesday, hitting $8.145. 99,010 shares of the stock were exchanged. The company’s market cap is $336.93 million. Hortonworks has a 12 month low of $7.12 and a 12 month high of $22.82. The company has a 50-day moving average price of $8.07 and a 200 day moving average price of $10.38.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.70) by $0.02. Hortonworks had a negative net margin of 144.53% and a negative return on equity of 236.91%. The business earned $43.60 million during the quarter, compared to analysts’ expectations of $45.24 million. During the same period last year, the company posted ($0.82) EPS. Hortonworks’s revenue for the quarter was up 45.7% on a year-over-year basis. Equities analysts forecast that Hortonworks will post ($2.65) EPS for the current fiscal year.
In other news, CFO Scott Davidson sold 5,477 shares of Hortonworks stock in a transaction that occurred on Wednesday, August 3rd. The shares were 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 in the company, valued at $5,791,603.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Greg Pavlik sold 76,313 shares of Hortonworks stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $9.13, for a total transaction of $696,737.69. Following the sale, the insider now 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.
Several large investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in Hortonworks during the second quarter valued at about $141,000. SG Americas Securities LLC bought a new stake in Hortonworks during the second quarter valued at about $141,000. Trexquant Investment LP bought a new stake in Hortonworks during the second quarter valued at about $184,000. Royal Bank of Canada boosted its stake 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 last quarter. Finally, American International Group Inc. boosted its stake in Hortonworks by 423.7% in the second quarter. American International Group Inc. now owns 23,220 shares of the company’s stock valued at $248,000 after buying an additional 18,786 shares during the last quarter. Hedge funds and other institutional investors own 51.80% of the company’s stock.
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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