Hortonworks, Inc. (HDP) Rating Reiterated by Royal Bank Of Canada
Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday.
A number of other research analysts also recently weighed in on HDP. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, July 20th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Craig Hallum began coverage on Hortonworks in a report on Monday, July 17th. They issued a “buy” rating and a $23.00 target price on the stock. Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a report on Monday, July 17th. Finally, Needham & Company LLC began coverage on Hortonworks in a report on Tuesday, July 25th. They issued a “buy” rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hortonworks presently has an average rating of “Buy” and an average price target of $18.93.
Shares of Hortonworks (NASDAQ:HDP) traded up 0.38% during midday trading on Wednesday, reaching $16.05. The company had a trading volume of 132,066 shares. Hortonworks has a 12-month low of $6.42 and a 12-month high of $17.70. The company has a 50 day moving average of $16.81 and a 200 day moving average of $13.84. The firm’s market capitalization is $663.94 million.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) EPS for the quarter, meeting the consensus estimate of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The company had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. During the same period last year, the firm posted ($0.72) earnings per share. Hortonworks’s revenue was up 41.6% compared to the same quarter last year. Analysts anticipate that Hortonworks will post ($1.72) EPS for the current year.
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In related news, insider Scott E. Gnau sold 10,000 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the insider now owns 351,070 shares of the company’s stock, valued at approximately $5,266,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Greg Pavlik sold 5,532 shares of Hortonworks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $13.35, for a total value of $73,852.20. Following the sale, the insider now directly owns 263,584 shares in the company, valued at approximately $3,518,846.40. The disclosure for this sale can be found here. Insiders sold 665,240 shares of company stock worth $11,102,480 in the last ninety days. Corporate insiders own 22.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of HDP. Oppenheimer Asset Management Inc. bought a new stake in Hortonworks during the 1st quarter valued at approximately $117,000. FNY Partners Fund LP bought a new stake in Hortonworks during the 1st quarter valued at approximately $117,000. ETF Managers Group LLC bought a new stake in Hortonworks during the 2nd quarter valued at approximately $125,000. Legal & General Group Plc raised its stake in Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares during the period. 50.08% of the stock is currently owned by institutional investors.
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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