Analysts predict that Hortonworks, Inc. (NASDAQ:HDP) will report sales of $70.71 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hortonworks’ earnings, with the lowest sales estimate coming in at $70.56 million and the highest estimate coming in at $70.86 million. Hortonworks posted sales of $51.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.1%. The company is expected to issue its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Hortonworks will report full-year sales of $70.71 million for the current year, with estimates ranging from $247.40 million to $257.66 million. For the next financial year, analysts forecast that the company will report sales of $337.82 million per share, with estimates ranging from $321.36 million to $350.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hortonworks.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period in the prior year, the firm posted ($0.68) EPS. The company’s revenue for the quarter was up 45.3% on a year-over-year basis.

Several research firms have recently issued reports 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 set a “buy” rating and a $23.00 target price on the stock. Northland Securities reissued a “buy” rating and set 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 set a “buy” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Hortonworks presently has an average rating of “Buy” and a consensus target price of $20.46.

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In other Hortonworks news, insider Shaun Connolly sold 5,370 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $14.43, for a total value of $77,489.10. Following the completion of the transaction, the insider now directly owns 385,329 shares in the company, valued at $5,560,297.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott E. Gnau sold 30,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $18.10, for a total value of $543,000.00. Following the completion of the transaction, the insider now owns 292,743 shares of the company’s stock, valued at $5,298,648.30. The disclosure for this sale can be found here. Insiders sold 674,158 shares of company stock valued at $11,343,646 over the last quarter. Corporate insiders own 22.50% of the company’s stock.

Several hedge funds have recently modified their holdings of HDP. Nikko Asset Management Americas Inc. increased its stake in shares of Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock valued at $8,682,000 after buying an additional 605,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock valued at $8,378,000 after buying an additional 582,900 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Hortonworks by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 990,363 shares of the software maker’s stock valued at $12,756,000 after buying an additional 412,539 shares during the period. Vanguard Group Inc. increased its stake in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock valued at $41,959,000 after buying an additional 389,514 shares during the period. Finally, Broadview Advisors LLC acquired a new stake in shares of Hortonworks in the second quarter valued at about $4,485,000. 50.13% of the stock is owned by institutional investors.

Hortonworks (NASDAQ:HDP) opened at $18.30 on Friday. Hortonworks has a 1-year low of $8.02 and a 1-year high of $18.93.

Hortonworks Company Profile

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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