Brokerages Set Hortonworks, Inc. (HDP) Target Price at $18.00

Hortonworks, Inc. (NASDAQ:HDP) has been given an average rating of “Buy” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.00.

Several research analysts recently issued reports on the stock. Cowen and Company reissued a “market perform” rating and set a $14.00 price target (up from $11.00) on shares of Hortonworks in a report on Wednesday, August 9th. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hortonworks in a report on Friday, August 4th. Barclays PLC reissued an “overweight” rating and set a $16.00 price target (up from $15.00) on shares of Hortonworks in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.

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Hortonworks (HDP) traded down 0.07% during midday trading on Friday, hitting $15.11. The stock had a trading volume of 1,134,552 shares. Hortonworks has a 12 month low of $6.42 and a 12 month high of $15.19. The stock’s market cap is $625.06 million. The stock has a 50 day moving average of $13.61 and a 200 day moving average of $11.73.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.87). The firm had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.72) earnings per share. Analysts expect that Hortonworks will post ($1.72) EPS for the current fiscal year.

In other Hortonworks news, insider Greg Pavlik sold 100,000 shares of the company’s stock in a transaction dated 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 directly owns 254,630 shares in the company, valued at $3,149,773.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott Davidson sold 56,250 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $13.09, for a total transaction of $736,312.50. Following the transaction, the chief financial officer now owns 718,382 shares in the company, valued at $9,403,620.38. The disclosure for this sale can be found here. Insiders have sold 467,675 shares of company stock worth $6,035,509 over the last 90 days. 26.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Princeton Alpha Management LP acquired a new stake in Hortonworks during the first quarter valued at approximately $110,000. Oppenheimer Asset Management Inc. acquired a new stake in Hortonworks during the first quarter valued at approximately $117,000. FNY Partners Fund LP acquired a new stake in Hortonworks during the first quarter valued at approximately $117,000. ETF Managers Group LLC acquired a new stake in Hortonworks during the second quarter valued at approximately $125,000. Finally, Legal & General Group Plc raised its stake in Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. Institutional investors own 48.69% of the company’s stock.

About Hortonworks

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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