Shares of Hortonworks, Inc. (NASDAQ:HDP) traded up 5.3% during trading on Thursday . The company traded as high as $19.50 and last traded at $19.48. 1,224,475 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 829,605 shares. The stock had previously closed at $18.50.

A number of analysts have recently commented on the company. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research downgraded Hortonworks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Barclays PLC upped their target price on Hortonworks from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research note on Friday, November 3rd. Finally, Credit Suisse Group assumed coverage on Hortonworks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 target price on the stock. Four 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 an average target price of $20.46.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.11 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. Hortonworks’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.68) earnings per share. analysts predict that Hortonworks, Inc. will post -2.98 EPS for the current fiscal year.

In other Hortonworks news, insider Shaun Connolly sold 66,664 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.06, for a total transaction of $1,070,623.84. Following the completion of the transaction, the insider now owns 418,579 shares of the company’s stock, valued at $6,722,378.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Davidson sold 16,307 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $18.00, for a total value of $293,526.00. Following the transaction, the insider now directly owns 1,056,504 shares of the company’s stock, valued at approximately $19,017,072. The disclosure for this sale can be found here. Insiders have sold 672,778 shares of company stock valued at $11,383,096 in the last three months. Insiders own 22.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in HDP. Nikko Asset Management Americas Inc. raised its holdings in shares of Hortonworks by 885.5% during 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 acquiring an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings 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 purchasing an additional 582,900 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 412,539 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 389,514 shares during the last quarter. Finally, Broadview Advisors LLC acquired a new stake in shares of Hortonworks in the second quarter valued at approximately $4,485,000. 48.04% of the stock is owned by institutional investors and hedge funds.

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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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