Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “buy” rating restated by equities researchers at Drexel Hamilton in a report released on Saturday, July 22nd. They presently have a $21.00 price objective on the software maker’s stock. Drexel Hamilton’s price target indicates a potential upside of 33.33% from the stock’s previous close.

A number of other equities analysts also recently commented on HDP. Wunderlich lifted their target price on shares of Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Northland Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Hortonworks in a research note on Monday, July 17th. Craig Hallum started coverage on shares of Hortonworks in a research note on Monday, July 17th. They set a “buy” rating and a $23.00 target price on the stock. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, July 20th. Finally, BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.77.

Shares of Hortonworks (HDP) traded up 4.24% during mid-day trading on Friday, hitting $15.75. 1,601,575 shares of the stock traded hands. Hortonworks has a 12 month low of $6.42 and a 12 month high of $15.92. The company’s market cap is $651.53 million. The firm has a 50 day moving average of $13.69 and a 200 day moving average of $11.78.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting the Thomson Reuters’ 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 net margin of 107.07% and a negative return on equity of 765.37%. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same period last year, the firm posted ($0.72) earnings per share. Equities analysts anticipate that Hortonworks will post ($1.72) EPS for the current fiscal year.

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In other Hortonworks news, CFO Scott Davidson sold 56,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total transaction of $736,312.50. Following the completion of the transaction, the chief financial officer now owns 718,382 shares in the company, valued at approximately $9,403,620.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greg Pavlik sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the transaction, the insider now owns 254,630 shares of the company’s stock, valued at approximately $3,149,773.10. The disclosure for this sale can be found here. Insiders sold 467,675 shares of company stock valued at $6,035,509 in the last 90 days. Company insiders own 26.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock valued at $5,509,000 after buying an additional 30,180 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock valued at $557,000 after buying an additional 2,862 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Hortonworks by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,239,874 shares of the software maker’s stock valued at $12,076,000 after buying an additional 85,376 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Hortonworks by 48.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 68,400 shares of the software maker’s stock valued at $671,000 after buying an additional 22,400 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock valued at $5,668,000 after buying an additional 100,953 shares during the last quarter. Institutional investors and hedge funds own 48.69% of the company’s stock.

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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