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BidaskClub lowered shares of Hortonworks (NASDAQ:HDP) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Several other badysts have also recently issued reports on HDP. ValuEngine cut shares of Hortonworks from a strong-buy rating to a buy rating in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of Hortonworks from a hold rating to a sell rating in a report on Wednesday, October 10th. DA Davidson increased their price target on shares of Hortonworks from $24.00 to $35.00 and gave the stock a buy rating in a report on Thursday, October 4th. Needham & Company LLC increased their price target on shares of Hortonworks from $27.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, August 8th. Finally, Monness Crespi & Hardt increased their price target on shares of Hortonworks from $25.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, August 8th. Two badysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $26.04.
NASDAQ HDP opened at $16.63 on Friday. Hortonworks has a 1 year low of $15.50 and a 1 year high of $26.22.
Hortonworks (NASDAQ:HDP) last posted its earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. The firm had revenue of $86.34 million during the quarter, compared to badysts’ expectations of $80.34 million. On average, equities research badysts expect that Hortonworks will post -1.99 EPS for the current year.
In related news, CEO Robert G. Bearden sold 81,652 shares of the stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $20.10, for a total transaction of $1,641,205.20. Following the transaction, the chief executive officer now owns 1,191,184 shares of the company’s stock, valued at approximately $23,942,798.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Reasoner sold 6,009 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $20.00, for a total transaction of $120,180.00. Following the transaction, the insider now directly owns 1,062,279 shares in the company, valued at approximately $21,245,580. The disclosure for this sale can be found here. Insiders sold a total of 1,110,056 shares of company stock worth $24,195,333 in the last three months. Insiders own 15.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC lifted its position in Hortonworks by 14.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 59,987 shares of the software maker’s stock valued at $1,368,000 after acquiring an additional 7,650 shares during the period. Seven Eight Capital LP purchased a new position in Hortonworks during the 3rd quarter valued at about $1,172,000. Foundry Partners LLC purchased a new position in Hortonworks during the 3rd quarter valued at about $1,355,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Hortonworks during the 3rd quarter valued at about $6,564,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in Hortonworks by 12.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 837,113 shares of the software maker’s stock valued at $19,094,000 after acquiring an additional 93,465 shares during the period. 79.91% of the stock is currently owned by institutional investors.
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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