Hortonworks Inc (HDP) Sees Large Decrease in Short Interest
Hortonworks Inc (NASDAQ:HDP) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,801,242 shares, a decline of 40.0% from the October 15th total of 4,667,373 shares. Based on an average daily volume of 1,433,706 shares, the days-to-cover ratio is presently 2.0 days. Currently, 4.1% of the company’s shares are sold short.
In other news, CTO Scott E. Gnau sold 3,960 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $22.23, for a total transaction of $88,030.80. Following the transaction, the chief technology officer now owns 357,226 shares of the company’s stock, valued at approximately $7,941,133.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Reasoner sold 3,126 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $25.02, for a total value of $78,212.52. Following the transaction, the insider now directly owns 183,686 shares in the company, valued at approximately $4,595,823.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,105,408 shares of company stock worth $24,098,099. Corporate insiders own 15.60% of the company’s stock.
Several hedge funds have recently modified their holdings of HDP. FMR LLC lifted its holdings in shares of Hortonworks by 351.4% in the 2nd quarter. FMR LLC now owns 3,873,643 shares of the software maker’s stock worth $70,578,000 after buying an additional 3,015,476 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Hortonworks by 100.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,000,000 shares of the software maker’s stock worth $72,880,000 after buying an additional 2,000,000 shares during the period. BlackRock Inc. raised its position in shares of Hortonworks by 47.6% in the 2nd quarter. BlackRock Inc. now owns 5,115,475 shares of the software maker’s stock worth $93,204,000 after acquiring an additional 1,650,677 shares in the last quarter. RGM Capital LLC bought a new position in shares of Hortonworks in the 2nd quarter worth $22,273,000. Finally, Portolan Capital Management LLC raised its position in shares of Hortonworks by 60.8% in the 2nd quarter. Portolan Capital Management LLC now owns 1,793,841 shares of the software maker’s stock worth $32,684,000 after acquiring an additional 678,462 shares in the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million during the quarter, compared to analysts’ expectations of $87.07 million. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Hortonworks’s quarterly revenue was up 26.4% compared to the same quarter last year. As a group, sell-side analysts predict that Hortonworks will post -1.99 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a report on Saturday. JMP Securities dropped their price objective on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating for the company in a report on Wednesday, August 8th. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Monness Crespi & Hardt boosted their price objective on Hortonworks from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.50.
Hortonworks Company Profile
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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