Brokerages Set Hortonworks Inc (HDP) PT at $22.00
Shares of Hortonworks Inc (NASDAQ:HDP) have been given a consensus rating of “Buy” by the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.00.
HDP has been the subject of several recent analyst reports. Drexel Hamilton reaffirmed a “buy” rating and set a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Hortonworks in a research report on Wednesday, December 20th.
Hortonworks (HDP) traded up $0.22 during trading on Wednesday, reaching $18.95. 644,033 shares of the company’s stock traded hands, compared to its average volume of 712,252. Hortonworks has a 52-week low of $9.10 and a 52-week high of $22.00. The company has a market cap of $1,320.00, a price-to-earnings ratio of -6.11 and a beta of 1.57.
In related news, CEO Robert G. Bearden sold 144,027 shares of Hortonworks stock in a transaction on Monday, December 11th. The shares were sold at an average price of $19.66, for a total value of $2,831,570.82. Following the completion of the sale, the chief executive officer now owns 2,123,653 shares of the company’s stock, valued at approximately $41,751,017.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shaun Connolly sold 2,084 shares of Hortonworks stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $19.64, for a total transaction of $40,929.76. Following the completion of the sale, the insider now directly owns 246,933 shares of the company’s stock, valued at approximately $4,849,764.12. The disclosure for this sale can be found here. In the last three months, insiders sold 1,443,313 shares of company stock valued at $26,991,165. 22.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Elk Creek Partners LLC purchased a new position in Hortonworks during the 3rd quarter worth $3,152,000. State Street Corp boosted its holdings in Hortonworks by 8.8% during the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after acquiring an additional 62,903 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Hortonworks by 66.7% during the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock worth $4,523,000 after acquiring an additional 106,777 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in Hortonworks during the 3rd quarter worth $1,333,000. Finally, Fox Run Management L.L.C. purchased a new position in Hortonworks during the 3rd quarter worth $420,000. 67.52% 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.
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