Hortonworks Inc (NASDAQ:HDP) has been given an average recommendation of “Buy” by the sixteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.04.

A number of equities research analysts have weighed in on the stock. JMP Securities reduced their target price on shares of Hortonworks from $27.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 8th. ValuEngine raised shares of Hortonworks from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. BidaskClub lowered shares of Hortonworks from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Monness Crespi & Hardt boosted their target price on shares of Hortonworks from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Needham & Company LLC boosted their target price on shares of Hortonworks from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th.

In other news, insider Scott Reasoner sold 8,219 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $21.16, for a total value of $173,914.04. Following the transaction, the insider now owns 205,059 shares in the company, valued at approximately $4,339,048.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Davidson sold 17,846 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $22.22, for a total transaction of $396,538.12. The disclosure for this sale can be found here. Insiders sold a total of 1,105,408 shares of company stock worth $24,098,099 in the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co LLC acquired a new position in shares of Hortonworks during the 2nd quarter valued at $156,000. Amalgamated Bank acquired a new position in shares of Hortonworks during the 2nd quarter valued at $192,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hortonworks during the 2nd quarter valued at $202,000. Ashfield Capital Partners LLC acquired a new position in shares of Hortonworks during the 3rd quarter valued at $205,000. Finally, Signaturefd LLC acquired a new position in shares of Hortonworks during the 2nd quarter valued at $209,000. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Shares of Hortonworks stock traded down $0.48 during midday trading on Monday, hitting $15.76. 4,057,898 shares of the company traded hands, compared to its average volume of 1,180,776. The firm has a market capitalization of $1.32 billion, a PE ratio of -5.15 and a beta of 1.70. Hortonworks has a 12 month low of $15.20 and a 12 month high of $26.22.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.11. The company had revenue of $87.20 million for the quarter, compared to the consensus estimate of $87.07 million. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) earnings per share. As a group, equities research analysts predict that Hortonworks will post -1.99 EPS for the current year.

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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Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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