Somewhat Positive Media Coverage Somewhat Unlikely to Impact Hortonworks (HDP) Share Price

Media headlines about Hortonworks (NASDAQ:HDP) have trended somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hortonworks earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.0908603493412 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of HDP opened at $18.01 on Thursday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -5.89 and a beta of 1.43. Hortonworks has a 52 week low of $12.09 and a 52 week high of $22.00.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. The company had revenue of $79.06 million for the quarter, compared to the consensus estimate of $75.26 million. The business’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.50) earnings per share. sell-side analysts predict that Hortonworks will post -2.14 earnings per share for the current fiscal year.

HDP has been the topic of a number of research reports. DA Davidson initiated coverage on Hortonworks in a research note on Friday, March 9th. They set a “buy” rating and a $24.00 price target on the stock. ValuEngine raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. 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 set a $24.00 price target (up from $23.00) on shares of Hortonworks in a research note on Friday, March 9th. Finally, Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.33.

In other Hortonworks news, CEO Robert G. Bearden sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $20.12, for a total transaction of $2,515,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,830,727 shares of the company’s stock, valued at approximately $36,834,227.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Reasoner sold 2,851 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total value of $49,635.91. Following the completion of the transaction, the insider now directly owns 233,181 shares of the company’s stock, valued at $4,059,681.21. The disclosure for this sale can be found here. Insiders have sold a total of 729,026 shares of company stock valued at $13,122,500 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Hortonworks Company Profile

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.

Insider Buying and Selling by Quarter for Hortonworks (NASDAQ:HDP)

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