Hortonworks (HDP) Earning Somewhat Favorable Media Coverage, Study Shows

News headlines about Hortonworks (NASDAQ:HDP) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hortonworks earned a news impact score of 0.12 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 47.0460328914808 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on the company. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $24.00 target price (up previously from $23.00) on shares of Hortonworks in a report on Friday, March 9th. Finally, Barclays reaffirmed a “hold” rating and issued a $20.00 target price on shares of Hortonworks in a report on Friday, April 13th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.14.

Shares of HDP stock opened at $17.54 on Tuesday. The stock has a market capitalization of $1.43 billion, a PE ratio of -5.73 and a beta of 1.42. Hortonworks has a 1-year low of $17.58 and a 1-year high of $18.20.

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

In related news, Director Michelangelo Volpi sold 561,692 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $18.51, for a total transaction of $10,396,918.92. Following the sale, the director now owns 10,838 shares in the company, valued at approximately $200,611.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott E. Gnau sold 7,200 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $18.11, for a total value of $130,392.00. Following the sale, the insider now owns 338,594 shares in the company, valued at approximately $6,131,937.34. The disclosure for this sale can be found here. In the last three months, insiders sold 1,795,793 shares of company stock valued at $33,284,970. Insiders own 15.60% of the company’s stock.

About Hortonworks

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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