Analysts at Craig Hallum began coverage on shares of Hortonworks, Inc. (NASDAQ:HDP) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Hortonworks in a research note on Friday. Northland Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a research note on Monday. Drexel Hamilton reaffirmed a “buy” rating and issued a $21.00 target price on shares of Hortonworks in a research note on Wednesday, June 14th. Wunderlich raised their target price on shares of Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $16.17.

Hortonworks (NASDAQ HDP) opened at 13.32 on Monday. The stock’s market cap is $551.01 million. The company has a 50 day moving average price of $12.97 and a 200 day moving average price of $10.59. Hortonworks has a 52 week low of $6.42 and a 52 week high of $14.07.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.88) earnings per share for the quarter, beating the consensus estimate of ($0.93) by $0.05. The firm had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $52.21 million. Hortonworks had a negative net margin of 120.94% and a negative return on equity of 765.37%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.68) EPS. Analysts expect that Hortonworks will post ($1.81) EPS for the current fiscal year.

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In other Hortonworks news, CFO Scott Davidson sold 56,250 shares of Hortonworks stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total value of $736,312.50. Following the transaction, the chief financial officer now owns 718,382 shares of the company’s stock, valued at $9,403,620.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott E. Gnau sold 3,857 shares of Hortonworks stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $10.43, for a total transaction of $40,228.51. Following the completion of the transaction, the insider now directly owns 372,149 shares in the company, valued at approximately $3,881,514.07. The disclosure for this sale can be found here. Insiders have sold a total of 437,457 shares of company stock worth $5,466,747 in the last three months. 26.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Princeton Alpha Management LP bought a new position in shares of Hortonworks during the first quarter worth $110,000. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter worth $117,000. FNY Partners Fund LP bought a new position in shares of Hortonworks during the first quarter worth $117,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Hortonworks during the first quarter worth $192,000. Finally, Capital Fund Management S.A. bought a new position in shares of Hortonworks during the first quarter worth $198,000. 49.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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