Hortonworks, Inc. (HDP) Issues Quarterly Earnings Results
Hortonworks, Inc. (NASDAQ:HDP) posted its earnings results on Thursday. The software maker reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.16, Briefing.com reports. The company had revenue of $69.00 million during the quarter, compared to analyst estimates of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. Hortonworks’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.68) earnings per share.
Hortonworks (HDP) traded up $0.46 on Friday, reaching $16.97. 1,119,566 shares of the company’s stock traded hands, compared to its average volume of 761,225.
In other news, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $17.01, for a total value of $35,431.83. Following the completion of the transaction, the insider now owns 387,412 shares of the company’s stock, valued at $6,589,878.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott Reasoner sold 2,364 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the completion of the transaction, the insider now directly owns 249,321 shares of the company’s stock, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 662,072 shares of company stock worth $11,067,468. Insiders own 22.50% of the company’s stock.
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Several brokerages have commented on HDP. Mizuho restated a “hold” rating and issued a $14.00 price objective on shares of Hortonworks in a report on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Hortonworks in a research report on Sunday, September 10th. Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Hortonworks in a research report on Monday, July 17th. BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research note on Saturday, July 22nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.93.
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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