Hortonworks (HDP) Given a $26.00 Price Target by Nomura Analysts
A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Hortonworks from a hold rating to a sell rating in a research report on Saturday, October 27th. Wells Fargo & Co boosted their price objective on Hortonworks to $32.50 and gave the company an outperform rating in a report on Friday, September 14th. BTIG Research initiated coverage on Hortonworks in a report on Wednesday, September 12th. They issued a buy rating on the stock. JMP Securities cut their price objective on Hortonworks from $27.00 to $21.00 and set a market outperform rating on the stock in a report on Wednesday, August 8th. Finally, Monness Crespi & Hardt boosted their price objective on Hortonworks from $25.00 to $30.00 and gave the company a buy rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $26.27.
NASDAQ:HDP traded down $0.88 on Thursday, reaching $16.19. The company’s stock had a trading volume of 44,580 shares, compared to its average volume of 1,104,699. Hortonworks has a 12-month low of $13.63 and a 12-month high of $26.22. The company has a market capitalization of $1.27 billion, a P/E ratio of -5.30 and a beta of 1.67.
In related news, CEO Robert G. Bearden sold 109,200 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $24.29, for a total transaction of $2,652,468.00. Following the completion of the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at approximately $28,933,859.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Bearden sold 81,400 shares of the business’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $20.10, for a total value of $1,636,140.00. Following the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at $23,942,798.40. The disclosure for this sale can be found here. Insiders sold a total of 552,784 shares of company stock worth $11,460,788 in the last quarter. Company insiders own 15.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDP. FMR LLC grew its stake in Hortonworks by 351.4% during the 2nd quarter. FMR LLC now owns 3,873,643 shares of the software maker’s stock worth $70,578,000 after purchasing an additional 3,015,476 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Hortonworks by 100.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,000,000 shares of the software maker’s stock worth $72,880,000 after purchasing an additional 2,000,000 shares in the last quarter. Marshall Wace LLP acquired a new position in Hortonworks during the 3rd quarter worth $40,247,000. BlackRock Inc. grew its stake in Hortonworks by 47.6% during the 2nd quarter. BlackRock Inc. now owns 5,115,475 shares of the software maker’s stock worth $93,204,000 after purchasing an additional 1,650,677 shares in the last quarter. Finally, RGM Capital LLC acquired a new position in Hortonworks during the 2nd quarter worth $22,273,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
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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