Hortonworks Inc (NASDAQ:HDP)’s share price shot up 5.2% on Monday . The stock traded as high as $21.00 and last traded at $20.99. 706,756 shares traded hands during trading, a decline of 14% from the average session volume of 822,479 shares. The stock had previously closed at $19.96.

Several research firms have recently weighed in on HDP. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Hortonworks in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 target price on shares of Hortonworks in a report on Sunday, September 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $22.00 target price on shares of Hortonworks in a report on Thursday, September 21st. Finally, Northland Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Hortonworks in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.85.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million during the quarter, compared to analyst estimates of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The firm’s revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.68) EPS. research analysts anticipate that Hortonworks Inc will post -2.98 earnings per share for the current fiscal year.

In other Hortonworks news, CEO Robert G. Bearden sold 148,899 shares of Hortonworks stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the sale, the chief executive officer now owns 2,054,076 shares of the company’s stock, valued at approximately $38,513,925. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shaun Connolly sold 13,644 shares of Hortonworks stock in a transaction on Monday, October 16th. The stock was sold at an average price of $16.43, for a total transaction of $224,170.92. Following the sale, the insider now directly owns 251,685 shares in the company, valued at approximately $4,135,184.55. The disclosure for this sale can be found here. In the last three months, insiders sold 671,790 shares of company stock valued at $12,869,492. 22.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HDP. Renaissance Technologies LLC acquired a new stake in Hortonworks during the 1st quarter worth $822,000. Schwab Charles Investment Management Inc. boosted its stake in Hortonworks by 17.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock worth $2,012,000 after purchasing an additional 29,747 shares during the last quarter. Strs Ohio acquired a new stake in Hortonworks during the 2nd quarter worth $408,000. Public Employees Retirement Association of Colorado acquired a new stake in Hortonworks during the 2nd quarter worth $334,000. Finally, Rhumbline Advisers boosted its position in shares of Hortonworks by 19.5% during the 2nd quarter. Rhumbline Advisers now owns 53,401 shares of the software maker’s stock valued at $688,000 after acquiring an additional 8,707 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors.

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About Hortonworks

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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