Cowen and Company reissued their market perform rating on shares of Hortonworks, Inc. (NASDAQ:HDP) in a research report released on Wednesday, August 9th. The brokerage currently has a $14.00 price target on the software maker’s stock, up from their previous price target of $11.00.
Several other brokerages have also weighed in on HDP. Mizuho reaffirmed a hold rating and issued a $14.00 target price on shares of Hortonworks in a research report on Friday, August 4th. Northland Securities reiterated a buy rating and issued a $24.00 price target on shares of Hortonworks in a report on Monday, July 17th. Drexel Hamilton reiterated a buy rating and issued a $21.00 price target on shares of Hortonworks in a report on Monday, May 15th. Zacks Investment Research upgraded Hortonworks from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Thursday, July 20th. Finally, Sanford C. Bernstein reiterated an outperform rating and issued a $21.00 price target on shares of Hortonworks in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $17.77.
Hortonworks (NASDAQ HDP) opened at 15.75 on Wednesday. The firm has a 50-day moving average price of $13.69 and a 200 day moving average price of $11.78. Hortonworks has a 12 month low of $6.42 and a 12 month high of $15.92. The company’s market cap is $651.53 million.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, hitting the consensus estimate of ($0.87). The business had revenue of $61.83 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 41.6% on a year-over-year basis. During the same period last year, the company posted ($0.72) EPS. Equities research analysts predict that Hortonworks will post ($1.72) EPS for the current year.
In related news, insider Shaun Connolly sold 88,875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total transaction of $1,163,373.75. Following the transaction, the insider now owns 522,962 shares in the company, valued at $6,845,572.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Greg Pavlik sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the transaction, the insider now owns 254,630 shares in the company, valued at approximately $3,149,773.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 467,675 shares of company stock worth $6,035,509. Corporate insiders own 26.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HDP. State Street Corp raised its position in Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock valued at $5,509,000 after buying an additional 30,180 shares during the period. Teachers Advisors LLC boosted its position in Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock valued at $557,000 after buying an additional 2,862 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in Hortonworks by 48.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 68,400 shares of the software maker’s stock valued at $671,000 after buying an additional 22,400 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock valued at $5,668,000 after buying an additional 100,953 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in Hortonworks during the first quarter valued at $294,000. Hedge funds and other institutional investors own 48.69% of the company’s stock.
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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