Hortonworks, Inc. (HDP) Given New $20.00 Price Target at Barclays PLC
Hortonworks, Inc. (NASDAQ:HDP) had its price objective boosted by analysts at Barclays PLC from $16.00 to $20.00 in a report issued on Friday. The firm presently has an “overweight” rating on the software maker’s stock. Barclays PLC’s price objective suggests a potential upside of 25.47% from the company’s current price.
HDP has been the topic of several other reports. Mizuho cut Hortonworks from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 25th. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Cowen and Company raised their price objective on Hortonworks from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Hortonworks in a research note on Thursday, May 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.08.
Hortonworks (NASDAQ:HDP) traded up 0.38% on Friday, reaching $16.00. The company had a trading volume of 359,765 shares. The company’s market capitalization is $661.87 million. Hortonworks has a 12 month low of $6.42 and a 12 month high of $16.26. The company’s 50 day moving average price is $13.98 and its 200-day moving average price is $11.95.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The company had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.72) EPS. On average, equities analysts predict that Hortonworks will post ($1.72) earnings per share for the current fiscal year.
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In related news, insider Scott E. Gnau sold 14,400 shares of Hortonworks stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $14.90, for a total value of $214,560.00. Following the transaction, the insider now owns 329,266 shares of the company’s stock, valued at approximately $4,906,063.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott E. Gnau sold 10,000 shares of Hortonworks stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the insider now directly owns 351,070 shares in the company, valued at approximately $5,266,050. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 482,075 shares of company stock worth $6,250,069. 26.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Princeton Alpha Management LP bought a new position in shares of Hortonworks during the first quarter worth $110,000. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter worth $117,000. FNY Partners Fund LP bought a new position in shares of Hortonworks during the first quarter worth $117,000. ETF Managers Group LLC bought a new position in shares of Hortonworks during the second quarter worth $125,000. Finally, Legal & General Group Plc boosted its position in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after buying an additional 837 shares in the last quarter. 48.69% of the stock is currently owned by hedge funds and other institutional investors.
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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