Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hortonworks (HDP) Stock Price

News coverage about Hortonworks (NASDAQ:HDP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hortonworks earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 44.2662496773338 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Hortonworks (NASDAQ:HDP) opened at $20.42 on Wednesday. The stock has a market capitalization of $1,440.00 and a price-to-earnings ratio of -6.06. Hortonworks has a 12 month low of $8.02 and a 12 month high of $21.00.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.68) EPS. equities analysts forecast that Hortonworks will post -2.98 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 price target on shares of Hortonworks in a report on Wednesday, December 20th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research note on Tuesday, December 12th. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Drexel Hamilton restated a “buy” rating and issued a $26.00 price objective on shares of Hortonworks in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.08.

In other news, insider Scott Davidson sold 45,630 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $19.92, for a total transaction of $908,949.60. Following the completion of the transaction, the insider now owns 985,550 shares in the company, valued at approximately $19,632,156. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shaun Connolly sold 2,083 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.23, for a total value of $37,973.09. Following the transaction, the insider now owns 366,988 shares of the company’s stock, valued at approximately $6,690,191.24. The disclosure for this sale can be found here. Insiders have sold a total of 717,420 shares of company stock valued at $13,778,442 in the last quarter. 22.50% of the stock is owned by corporate insiders.

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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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