Hortonworks (HDP) Trading 12.7% Higher
Hortonworks Inc (NASDAQ:HDP)’s share price traded up 12.7% during mid-day trading on Thursday . The stock traded as high as $17.23 and last traded at $17.07. 2,269,341 shares changed hands during trading, an increase of 95% from the average session volume of 1,166,650 shares. The stock had previously closed at $15.15.
HDP has been the subject of a number of analyst reports. Nomura set a $26.00 price target on Hortonworks and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a report on Saturday, November 10th. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Citigroup set a $33.00 price target on Hortonworks and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, BidaskClub cut Hortonworks from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.27.
The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -5.58 and a beta of 1.67.
In related news, insider Scott Reasoner sold 3,126 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $25.02, for a total value of $78,212.52. Following the completion of the transaction, the insider now directly owns 183,686 shares in the company, valued at $4,595,823.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott E. Gnau sold 3,960 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $15.30, for a total value of $60,588.00. Following the completion of the transaction, the insider now owns 1,008,742 shares of the company’s stock, valued at $15,433,752.60. The disclosure for this sale can be found here. Insiders sold 552,784 shares of company stock valued at $11,460,788 over the last quarter. Insiders own 15.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Rothschild Asset Management Inc. grew its position in Hortonworks by 34.9% during the second quarter. Rothschild Asset Management Inc. now owns 98,589 shares of the software maker’s stock valued at $1,796,000 after acquiring an additional 25,526 shares during the period. Rhumbline Advisers grew its position in Hortonworks by 37.8% during the second quarter. Rhumbline Advisers now owns 64,858 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 17,785 shares during the period. Gradient Investments LLC grew its position in Hortonworks by 38.0% during the second quarter. Gradient Investments LLC now owns 42,192 shares of the software maker’s stock valued at $769,000 after acquiring an additional 11,626 shares during the period. GSA Capital Partners LLP grew its position in Hortonworks by 52.2% during the second quarter. GSA Capital Partners LLP now owns 26,196 shares of the software maker’s stock valued at $477,000 after acquiring an additional 8,989 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Hortonworks during the second quarter valued at about $202,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Hortonworks Company Profile (NASDAQ:HDP)
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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