Royal Bank Of Canada Reaffirms Buy Rating for Hortonworks, Inc. (HDP)
A number of other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Hortonworks from a hold rating to a buy rating in a report on Wednesday, September 6th. Credit Suisse Group started coverage on shares of Hortonworks in a research report on Tuesday, September 5th. They issued an outperform rating and a $20.00 target price for the company. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 target price on shares of Hortonworks in a research report on Sunday, September 10th. Barclays PLC boosted their price objective on shares of Hortonworks from $16.00 to $20.00 and gave the company an overweight rating in a research report on Friday, August 25th. Finally, ValuEngine raised shares of Hortonworks from a sell rating to a hold rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $18.07.
Hortonworks (NASDAQ HDP) opened at 16.93 on Friday. Hortonworks has a 52 week low of $6.42 and a 52 week high of $17.70. The firm’s market capitalization is $700.34 million. The stock has a 50 day moving average price of $15.70 and a 200-day moving average price of $12.78.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The business had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The business’s revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.72) EPS. Analysts anticipate that Hortonworks will post ($1.72) EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/royal-bank-of-canada-reaffirms-buy-rating-for-hortonworks-inc-hdp/1576676.html.
In other Hortonworks news, CEO Robert G. Bearden sold 250,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $17.13, for a total value of $4,282,500.00. Following the completion of the transaction, the chief executive officer now owns 341,747 shares of the company’s stock, valued at $5,854,126.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Davidson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.69, for a total transaction of $500,700.00. Following the completion of the transaction, the insider now directly owns 1,131,322 shares of the company’s stock, valued at approximately $18,881,764.18. The disclosure for this sale can be found here. Insiders have sold 754,264 shares of company stock valued at $12,138,734 in the last three months. 26.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HDP. Oppenheimer Asset Management Inc. purchased a new position in shares of Hortonworks in the first quarter worth $117,000. FNY Partners Fund LP purchased a new position in shares of Hortonworks in the first quarter worth $117,000. ETF Managers Group LLC purchased a new position in shares of Hortonworks in the second quarter worth $125,000. Legal & General Group Plc raised its holdings in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after buying an additional 837 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after buying an additional 1,700 shares during the last quarter. 49.62% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Hortonworks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.