Brokerages Set Hortonworks Inc (HDP) PT at $22.00

Hortonworks Inc (NASDAQ:HDP) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.00.

A number of equities research analysts have recently weighed in on HDP shares. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of Hortonworks in a research report on Wednesday, December 20th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, November 7th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $26.00 price objective on shares of Hortonworks in a research note on Monday, November 6th.

Hortonworks (NASDAQ:HDP) traded down $0.56 during midday trading on Friday, hitting $18.84. 929,585 shares of the stock were exchanged, compared to its average volume of 525,615. Hortonworks has a 52 week low of $9.10 and a 52 week high of $22.00. The firm has a market capitalization of $1,330.00, a P/E ratio of -5.59 and a beta of 1.52.

In other Hortonworks news, CEO Robert G. Bearden sold 148,899 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the sale, the chief executive officer now owns 2,054,076 shares of the company’s stock, valued at $38,513,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $20.92, for a total transaction of $43,576.36. Following the sale, the insider now directly owns 238,069 shares in the company, valued at approximately $4,980,403.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 717,174 shares of company stock worth $13,987,684. Insiders own 22.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elk Creek Partners LLC acquired a new position in shares of Hortonworks during the third quarter worth $3,152,000. State Street Corp lifted its holdings in shares of Hortonworks by 8.8% during the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after purchasing an additional 62,903 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Hortonworks by 66.7% during the third quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock worth $4,523,000 after purchasing an additional 106,777 shares during the period. Commonwealth Equity Services Inc acquired a new position in shares of Hortonworks during the third quarter worth $1,333,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hortonworks during the third quarter worth $420,000. 57.47% of the stock is currently owned by hedge funds and other institutional investors.

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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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