Hortonworks Inc. (HDP) Stock Rating Reaffirmed by Mizuho
Hortonworks Inc. (NASDAQ:HDP)‘s stock had its “neutral” rating reiterated by investment analysts at Mizuho in a research report issued on Tuesday. They presently have a $10.00 price objective on the stock. Mizuho’s price target points to a potential upside of 18.62% from the company’s previous close.
Several other analysts have also commented on HDP. Northland Securities started coverage on Hortonworks in a report on Friday, June 17th. They set an “outperform” rating and a $24.00 price objective for the company. Cowen and Company started coverage on Hortonworks in a report on Friday, June 24th. They set a “market perform” rating and a $11.00 price objective for the company. Drexel Hamilton reiterated a “buy” rating and set a $30.00 price objective on shares of Hortonworks in a report on Monday, June 27th. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Wunderlich reiterated a “buy” rating on shares of Hortonworks in a report on Wednesday, July 6th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Hortonworks has a consensus rating of “Buy” and a consensus target price of $17.85.
Hortonworks (NASDAQ:HDP) traded down 0.178% during mid-day trading on Tuesday, reaching $8.415. The company’s stock had a trading volume of 10,993 shares. The company’s market capitalization is $348.10 million. Hortonworks has a one year low of $7.12 and a one year high of $22.82. The stock has a 50-day moving average price of $8.10 and a 200-day moving average price of $10.40.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.02. Hortonworks had a negative net margin of 144.53% and a negative return on equity of 236.91%. The business had revenue of $43.60 million for the quarter, compared to analysts’ expectations of $45.24 million. During the same quarter in the prior year, the company posted ($0.82) EPS. The business’s revenue for the quarter was up 45.7% on a year-over-year basis. Equities research analysts forecast that Hortonworks will post ($2.65) EPS for the current year.
In related news, insider Greg Pavlik sold 76,313 shares of Hortonworks stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $9.13, for a total value of $696,737.69. Following the sale, the insider now directly owns 386,580 shares in the company, valued at approximately $3,529,475.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott Davidson sold 5,477 shares of Hortonworks stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $12.44, for a total value of $68,133.88. Following the completion of the sale, the chief financial officer now owns 465,563 shares in the company, valued at $5,791,603.72. The disclosure for this sale can be found here. Insiders own 26.00% of the company’s stock.
A number of large investors have recently bought and sold shares of HDP. BlackRock Group LTD raised its position in Hortonworks by 6.3% in the first quarter. BlackRock Group LTD now owns 180,029 shares of the company’s stock worth $2,034,000 after buying an additional 10,650 shares during the period. State Street Corp raised its position in Hortonworks by 30.2% in the first quarter. State Street Corp now owns 173,472 shares of the company’s stock worth $1,963,000 after buying an additional 40,208 shares during the period. Lazard Asset Management LLC acquired a new position in Hortonworks during the first quarter worth $1,618,000. Edmond DE Rothschild Holding S.A. raised its position in Hortonworks by 41.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 83,336 shares of the company’s stock worth $942,000 after buying an additional 24,500 shares during the period. Finally, Geode Capital Management LLC raised its position in Hortonworks by 25.1% in the first quarter. Geode Capital Management LLC now owns 200,671 shares of the company’s stock worth $2,267,000 after buying an additional 40,257 shares during the period. Institutional investors own 51.80% of the company’s stock.
Hortonworks, Inc is a provider and distributor of an 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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