Zacks Investment Research upgraded shares of Hortonworks, Inc. (NASDAQ:HDP) from a sell rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Hortonworks Inc. is involved in the development, distribution and support of Hadoop solutions primarily in the United States and internationally. The company provides an enterprise-grade data management platform to capture, store, process and analyze data. Hortonworks Inc. is headquartered in Palo Alto, California. “
Other research analysts have also recently issued reports about the company. ValuEngine raised Hortonworks from a sell rating to a hold rating in a research report on Thursday, August 10th. Cowen and Company reissued a market perform rating and issued a $14.00 target price (up from $11.00) on shares of Hortonworks in a research report on Wednesday, August 9th. Drexel Hamilton reissued a buy rating and issued a $21.00 target price on shares of Hortonworks in a research report on Wednesday, June 14th. Craig Hallum began coverage on Hortonworks in a research report on Monday, July 17th. They issued a buy rating and a $23.00 target price on the stock. Finally, Northland Securities reissued a buy rating and issued a $24.00 target price on shares of Hortonworks in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $18.13.
Shares of Hortonworks (NASDAQ HDP) traded up 0.18% during trading on Wednesday, hitting $16.90. 472,309 shares of the company were exchanged. Hortonworks has a 1-year low of $6.42 and a 1-year high of $17.70. The stock’s market capitalization is $699.10 million. The company has a 50 day moving average of $16.57 and a 200-day moving average of $13.32.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.87). The business had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same period last year, the firm posted ($0.72) earnings per share. On average, analysts forecast that Hortonworks will post ($1.72) earnings per share for the current year.
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In related news, insider Shaun Connolly sold 5,026 shares of the business’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 transaction, the insider now directly owns 443,347 shares of the company’s stock, valued at approximately $5,896,515.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Bearden sold 250,000 shares of the business’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 $5,854,126.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 709,901 shares of company stock worth $11,582,602. Insiders own 22.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC purchased a new position in Hortonworks in the 2nd quarter worth approximately $125,000. Legal & General Group Plc lifted its holdings in Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks in the 1st quarter worth approximately $117,000. FNY Partners Fund LP purchased a new position in Hortonworks in the 1st quarter worth approximately $117,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares in the last quarter. 49.62% of the stock is currently owned by institutional investors.
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.
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