Hortonworks (NASDAQ:HDP) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities analysts also recently weighed in on the stock. Nomura started coverage on shares of Hortonworks in a research note on Thursday, June 14th. They issued a “buy” rating and a $26.00 target price for the company. ValuEngine raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Hortonworks in a research note on Wednesday, May 23rd. Monness Crespi & Hardt raised shares of Hortonworks from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, May 21st. Finally, Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, May 11th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.87.
Shares of Hortonworks opened at $17.93 on Thursday, Marketbeat reports. Hortonworks has a 12-month low of $12.09 and a 12-month high of $22.00. The stock has a market cap of $1.40 billion, a P/E ratio of -5.86 and a beta of 1.43.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.07. The firm had revenue of $79.06 million for the quarter, compared to the consensus estimate of $75.26 million. During the same period in the prior year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. equities analysts predict that Hortonworks will post -2.14 earnings per share for the current fiscal year.
In related news, CEO Robert G. Bearden sold 148,898 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $17.04, for a total transaction of $2,537,221.92. Following the completion of the sale, the chief executive officer now directly owns 1,414,531 shares of the company’s stock, valued at $24,103,608.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Reasoner sold 2,851 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $17.41, for a total transaction of $49,635.91. Following the sale, the insider now directly owns 233,181 shares of the company’s stock, valued at $4,059,681.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 604,026 shares of company stock valued at $10,607,500. 15.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. AXA acquired a new position in Hortonworks during the fourth quarter valued at approximately $209,000. Verition Fund Management LLC acquired a new position in Hortonworks during the first quarter valued at approximately $211,000. Xact Kapitalforvaltning AB acquired a new position in Hortonworks during the first quarter valued at approximately $236,000. Guggenheim Capital LLC acquired a new position in Hortonworks during the fourth quarter valued at approximately $255,000. Finally, Teacher Retirement System of Texas acquired a new position in Hortonworks during the fourth quarter valued at approximately $327,000. 66.56% of the stock is owned by institutional investors and hedge funds.
Hortonworks Company Profile
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.
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