Zacks Investment Research Upgrades Hortonworks (HDP) to Hold
Zacks Investment Research upgraded shares of Hortonworks (NASDAQ:HDP) from a sell rating to a hold rating in a report issued on Saturday.
According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “
HDP has been the subject of several other reports. ValuEngine cut Hortonworks from a buy rating to a hold rating in a report on Monday, July 30th. Monness Crespi & Hardt boosted their price objective on Hortonworks from $25.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, August 8th. JMP Securities dropped their price objective on Hortonworks from $27.00 to $21.00 and set a market outperform rating for the company in a report on Wednesday, August 8th. Needham & Company LLC boosted their price objective on Hortonworks from $27.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 8th. Finally, BTIG Research began coverage on Hortonworks in a report on Wednesday, September 12th. They set a buy rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $26.50.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.11. The business had revenue of $87.20 million during the quarter, compared to the consensus estimate of $87.07 million. During the same period in the prior year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. As a group, analysts predict that Hortonworks will post -1.98 EPS for the current fiscal year.
In other news, insider Scott Reasoner sold 3,126 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $25.02, for a total transaction of $78,212.52. Following the completion of the transaction, the insider now directly owns 183,686 shares in the company, valued at approximately $4,595,823.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Bearden sold 258,098 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $21.77, for a total value of $5,618,793.46. Following the transaction, the chief executive officer now owns 1,265,633 shares of the company’s stock, valued at $27,552,830.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,026,998 shares of company stock valued at $22,292,069 over the last 90 days. Corporate insiders own 15.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of HDP. UBS Group AG grew its position in shares of Hortonworks by 15.1% during the 1st quarter. UBS Group AG now owns 26,566 shares of the software maker’s stock worth $541,000 after buying an additional 3,478 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Hortonworks in the 1st quarter valued at approximately $236,000. Edge Wealth Management LLC grew its position in shares of Hortonworks by 28.8% in the 2nd quarter. Edge Wealth Management LLC now owns 45,254 shares of the software maker’s stock valued at $825,000 after purchasing an additional 10,115 shares during the period. Boston Advisors LLC grew its position in shares of Hortonworks by 7.9% in the 2nd quarter. Boston Advisors LLC now owns 65,789 shares of the software maker’s stock valued at $1,199,000 after purchasing an additional 4,790 shares during the period. Finally, Amalgamated Bank acquired a new position in shares of Hortonworks in the 2nd quarter valued at approximately $192,000. Institutional investors own 79.75% of the company’s stock.
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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