Hortonworks (HDP) Earns Coverage Optimism Score of 0.21

Press coverage about Hortonworks (NASDAQ:HDP) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hortonworks earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 47.3739306480333 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Hortonworks (HDP) opened at 16.61 on Thursday. The company has a 50-day moving average of $16.75 and a 200 day moving average of $13.58. The firm’s market capitalization is $687.11 million. Hortonworks has a one year low of $6.42 and a one year high of $17.70.

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 Zacks’ consensus estimate of ($0.87). The company had revenue of $61.83 million during the quarter, compared to the consensus estimate of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.72) EPS. On average, analysts anticipate that Hortonworks will post ($1.72) EPS for the current year.

Several analysts have weighed in on the stock. BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Drexel Hamilton reaffirmed a “buy” rating and set a $22.00 price objective on shares of Hortonworks in a research note on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hortonworks in a research note on Sunday, September 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Hortonworks has an average rating of “Buy” and an average target price of $18.13.

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In other Hortonworks news, CEO Robert G. Bearden sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $17.13, for a total value 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 approximately $5,854,126.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaun Connolly sold 5,026 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $13.30, for a total value of $66,845.80. Following the completion of the transaction, the insider now owns 443,347 shares of the company’s stock, valued at $5,896,515.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 718,765 shares of company stock valued at $11,731,251. 22.50% of the stock is currently owned by corporate insiders.

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.

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

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