Drexel Hamilton reaffirmed their buy rating on shares of Hortonworks, Inc. (NASDAQ:HDP) in a research note published on Thursday. They currently have a $22.00 target price on the software maker’s stock.
HDP has been the topic of several other research reports. Zacks Investment Research raised shares of Hortonworks from a sell rating to a hold rating in a report on Tuesday, July 4th. Sanford C. Bernstein assumed coverage on shares of Hortonworks in a report on Wednesday, May 24th. They issued an outperform rating and a $21.00 target price on the stock. Wunderlich raised their target price on shares of Hortonworks from $15.00 to $18.00 and gave the company a buy rating in a report on Wednesday, June 14th. BidaskClub raised shares of Hortonworks from a hold rating to a buy rating in a report on Wednesday, September 6th. Finally, Barclays PLC raised their target price on shares of Hortonworks from $16.00 to $20.00 and gave the company an overweight rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $18.13.
Hortonworks (NASDAQ:HDP) traded down 0.23% on Thursday, hitting $17.00. 338,170 shares of the company traded hands. The firm’s market capitalization is $703.24 million. Hortonworks has a 12 month low of $6.42 and a 12 month high of $17.70. The stock’s 50-day moving average is $15.70 and its 200 day moving average is $12.78.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The business had revenue of $61.83 million during the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The business’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.72) earnings per share. Equities analysts forecast that Hortonworks will post ($1.72) EPS for the current fiscal year.
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In other news, insider Scott Reasoner sold 2,302 shares of Hortonworks stock in a transaction on Friday, June 30th. The shares were sold at an average price of $13.01, for a total value of $29,949.02. Following the transaction, the insider now directly owns 177,757 shares of the company’s stock, valued at approximately $2,312,618.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Bearden sold 250,000 shares of Hortonworks stock in a transaction on Friday, September 8th. The shares were sold at an average price of $17.13, for a total transaction of $4,282,500.00. Following the completion of the transaction, the chief executive officer now directly owns 341,747 shares in the company, valued at $5,854,126.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 754,264 shares of company stock worth $12,138,734. 26.00% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hortonworks by 13.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock valued at $41,959,000 after acquiring an additional 389,514 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Hortonworks by 71.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock valued at $12,756,000 after acquiring an additional 412,539 shares during the period. ARK Investment Management LLC increased its holdings in shares of Hortonworks by 5.9% in the 2nd quarter. ARK Investment Management LLC now owns 837,483 shares of the software maker’s stock valued at $10,787,000 after acquiring an additional 46,391 shares during the period. State Street Corp increased its holdings in shares of Hortonworks by 8.8% in the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after acquiring an additional 62,903 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Hortonworks by 885.5% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock valued at $8,682,000 after acquiring an additional 605,700 shares during the period. 49.62% of the stock is currently owned by institutional investors and hedge funds.
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.
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