Hortonworks (NASDAQ:HDP) issued its earnings results on Thursday. The software maker reported ($0.37) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.11, Morningstar.com reports. The company had revenue of $87.20 million during the quarter, compared to analysts’ expectations of $87.07 million. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share.
HDP traded down $2.17 during mid-day trading on Friday, hitting $16.24. 3,277,069 shares of the stock were exchanged, compared to its average volume of 1,455,314. Hortonworks has a 1-year low of $16.07 and a 1-year high of $26.22. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -5.31 and a beta of 1.70.
In related news, insider Scott Davidson sold 17,846 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $22.22, for a total transaction of $396,538.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Reasoner sold 3,126 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $25.02, for a total value of $78,212.52. Following the transaction, the insider now directly owns 183,686 shares in the company, valued at approximately $4,595,823.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,105,408 shares of company stock worth $24,098,099. 15.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Global X Management Co LLC acquired a new position in Hortonworks during the 2nd quarter worth about $156,000. Amalgamated Bank purchased a new stake in Hortonworks during the 2nd quarter worth about $192,000. Dynamic Technology Lab Private Ltd purchased a new stake in Hortonworks during the 2nd quarter worth about $202,000. Ashfield Capital Partners LLC purchased a new stake in Hortonworks during the 3rd quarter worth about $205,000. Finally, Signaturefd LLC purchased a new stake in Hortonworks during the 2nd quarter worth about $209,000. 79.78% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on HDP shares. Wells Fargo & Co upped their price target on Hortonworks to $32.50 and gave the company an “outperform” rating in a research note on Friday, September 14th. BTIG Research started coverage on Hortonworks in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock. JMP Securities decreased their price target on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 8th. BidaskClub lowered Hortonworks from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, Monness Crespi & Hardt upped their price target on Hortonworks from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.50.
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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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