Hortonworks, Inc. (HDP) Stock Rating Reaffirmed by Needham & Company LLC

Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a report issued on Sunday. They currently have a $25.00 price target on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 48.90% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $21.00 price objective on shares of Hortonworks in a research note on Wednesday, June 14th. Cowen and Company reaffirmed a “market perform” rating and set a $14.00 price objective (up previously from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Wunderlich upped their price objective on shares of Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.21.

Hortonworks (NASDAQ HDP) opened at 16.79 on Friday. Hortonworks has a 52-week low of $6.42 and a 52-week high of $17.70. The stock’s market cap is $694.55 million. The company has a 50-day moving average price of $15.04 and a 200 day moving average price of $12.41.

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

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In related news, CFO Scott Davidson sold 42,061 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $12.51, for a total transaction of $526,183.11. Following the completion of the transaction, the chief financial officer now owns 668,651 shares of the company’s stock, valued at approximately $8,364,824.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shaun Connolly sold 54,313 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $13.23, for a total transaction of $718,560.99. Following the transaction, the insider now directly owns 452,969 shares of the company’s stock, valued at approximately $5,992,779.87. The disclosure for this sale can be found here. Insiders have sold a total of 284,324 shares of company stock valued at $3,942,243 in the last ninety days. 26.00% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of HDP. Princeton Alpha Management LP purchased a new position in shares of Hortonworks during the 1st quarter worth approximately $110,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Hortonworks during the 1st quarter worth approximately $117,000. FNY Partners Fund LP purchased a new position in shares of Hortonworks during the 1st quarter worth approximately $117,000. ETF Managers Group LLC purchased a new position in shares of Hortonworks during the 2nd quarter worth approximately $125,000. Finally, Legal & General Group Plc boosted its position in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares during the period. 49.62% of the stock is owned by hedge funds and other institutional investors.

Hortonworks Company Profile

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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