Hortonworks, Inc. (HDP) Stock Rating Upgraded by BidaskClub
Hortonworks, Inc. (NASDAQ:HDP) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
HDP has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hortonworks in a research report on Sunday, September 17th. Barclays PLC raised their price target on Hortonworks from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Mizuho reissued a “hold” rating and issued a $14.00 price target on shares of Hortonworks in a report on Friday, August 4th. Drexel Hamilton reissued a “buy” rating and issued a $22.00 price target on shares of Hortonworks in a report on Thursday, September 21st. Finally, Northland Securities reissued a “buy” rating and issued a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.50.
Shares of Hortonworks (NASDAQ HDP) opened at $18.66 on Tuesday.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.11 million. During the same quarter last year, the company earned ($0.68) earnings per share. The firm’s revenue for the quarter was up 45.3% compared to the same quarter last year. equities research analysts anticipate that Hortonworks will post -3.34 earnings per share for the current fiscal year.
In related news, insider Scott Reasoner sold 2,364 shares of Hortonworks stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $16.43, for a total transaction of $38,840.52. Following the completion of the sale, the insider now owns 249,321 shares of the company’s stock, valued at $4,096,344.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaun Connolly sold 13,644 shares of Hortonworks stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $16.43, for a total value of $224,170.92. Following the sale, the insider now directly owns 251,685 shares of the company’s stock, valued at approximately $4,135,184.55. The disclosure for this sale can be found here. Insiders have sold 646,817 shares of company stock valued at $10,838,643 in the last ninety days. Corporate insiders own 22.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks during the first quarter valued at approximately $117,000. Lyon Street Capital LLC raised its position in Hortonworks by 27.0% during the second quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after acquiring an additional 57,845 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Hortonworks by 17.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after acquiring an additional 29,747 shares in the last quarter. Wells Fargo & Company MN raised its position in Hortonworks by 73.9% during the first quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after acquiring an additional 20,577 shares in the last quarter. Finally, Strs Ohio purchased a new position in Hortonworks during the second quarter valued at approximately $408,000. Institutional investors own 50.13% of the company’s stock.
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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