$75.18 Million in Sales Expected for Hortonworks Inc (HDP) This Quarter
Wall Street analysts expect Hortonworks Inc (NASDAQ:HDP) to post $75.18 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hortonworks’ earnings, with the highest sales estimate coming in at $75.50 million and the lowest estimate coming in at $75.04 million. Hortonworks reported sales of $55.97 million in the same quarter last year, which indicates a positive year over year growth rate of 34.3%. The firm is scheduled to announce its next earnings report on Thursday, May 3rd.
On average, analysts expect that Hortonworks will report full year sales of $75.18 million for the current year, with estimates ranging from $325.76 million to $330.34 million. For the next year, analysts expect that the business will report sales of $416.68 million per share, with estimates ranging from $394.43 million to $443.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Hortonworks.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting analysts’ consensus estimates of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to the consensus estimate of $70.44 million. During the same period in the previous year, the firm earned ($0.50) earnings per share. The business’s quarterly revenue was up 44.4% on a year-over-year basis.
In other news, insider Scott E. Gnau sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $18.11, for a total value of $130,392.00. Following the transaction, the insider now owns 338,594 shares in the company, valued at approximately $6,131,937.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michelangelo Volpi sold 135,958 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.18, for a total value of $2,471,716.44. Following the completion of the transaction, the director now owns 10,838 shares in the company, valued at approximately $197,034.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,297,202 shares of company stock valued at $24,118,665 in the last quarter. Company insiders own 22.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HDP. BlackRock Inc. lifted its stake in Hortonworks by 2.7% in the fourth quarter. BlackRock Inc. now owns 3,131,035 shares of the software maker’s stock valued at $62,966,000 after purchasing an additional 81,624 shares during the last quarter. Park West Asset Management LLC lifted its stake in Hortonworks by 47.4% in the fourth quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after purchasing an additional 675,000 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Hortonworks by 1.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,362,761 shares of the software maker’s stock valued at $27,405,000 after purchasing an additional 20,182 shares during the last quarter. TCW Group Inc. lifted its stake in Hortonworks by 31.6% in the fourth quarter. TCW Group Inc. now owns 1,044,542 shares of the software maker’s stock valued at $21,006,000 after purchasing an additional 250,649 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Hortonworks by 51.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock valued at $16,711,000 after purchasing an additional 335,418 shares during the last quarter. Hedge funds and other institutional investors own 67.52% of the company’s stock.
Shares of Hortonworks (NASDAQ:HDP) traded up $0.06 during trading on Friday, reaching $20.55. The company had a trading volume of 843,334 shares, compared to its average volume of 753,599. Hortonworks has a twelve month low of $9.10 and a twelve month high of $22.00. The company has a market cap of $1,504.44, a price-to-earnings ratio of -6.59 and a beta of 1.57.
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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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