Hortonworks (NASDAQ:HDP) has been given an average rating of “Buy” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.33.
HDP has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on Hortonworks in a research note on Friday, March 9th. They issued a “buy” rating and a $24.00 price target for the company. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Hortonworks in a research note on Friday, March 9th. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, May 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research note on Thursday.
Get Hortonworks alerts:In other Hortonworks news, CEO Robert G. Bearden sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $20.42, for a total transaction of $2,552,500.00. Following the completion of the transaction, the chief executive officer now owns 1,830,727 shares of the company’s stock, valued at approximately $37,383,445.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 561,692 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $18.51, for a total value of $10,396,918.92. Following the transaction, the director now directly owns 10,838 shares of the company’s stock, valued at approximately $200,611.38. The disclosure for this sale can be found here. Insiders sold a total of 1,892,048 shares of company stock valued at $34,856,511 over the last quarter. 15.60% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its position in 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 acquiring an additional 3,478 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Hortonworks by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,900 shares of the software maker’s stock worth $18,258,000 after acquiring an additional 3,850 shares during the last quarter. Gradient Investments LLC boosted its position in Hortonworks by 21.8% during the 4th quarter. Gradient Investments LLC now owns 25,629 shares of the software maker’s stock worth $515,000 after acquiring an additional 4,581 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Hortonworks by 29.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 21,949 shares of the software maker’s stock worth $447,000 after acquiring an additional 5,023 shares during the last quarter. Finally, Swiss National Bank boosted its position in Hortonworks by 7.8% during the 1st quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock worth $1,756,000 after acquiring an additional 6,200 shares during the last quarter. 66.58% of the stock is owned by hedge funds and other institutional investors.
Shares of HDP stock traded up $0.47 on Monday, reaching $17.54. The company had a trading volume of 1,310,050 shares, compared to its average volume of 872,632. The stock has a market cap of $1.35 billion, a PE ratio of -5.73 and a beta of 1.42. Hortonworks has a 12 month low of $11.50 and a 12 month high of $22.00.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.07. The company had revenue of $79.06 million during the quarter, compared to the consensus estimate of $75.26 million. The business’s revenue was up 41.3% compared to the same quarter last year. During the same period last year, the company earned ($0.50) earnings per share. analysts anticipate that Hortonworks will post -2.14 EPS for the current year.
About Hortonworks
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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