Shares of Hortonworks Inc (NASDAQ:HDP) shot up 5.2% during trading on Wednesday . The stock traded as high as $24.79 and last traded at $24.76. 2,223,091 shares were traded during mid-day trading, an increase of 120% from the average session volume of 1,010,967 shares. The stock had previously closed at $23.53.

Several brokerages recently commented on HDP. BTIG Research began coverage on Hortonworks in a report on Wednesday. They issued a “buy” rating for the company. ValuEngine raised Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Needham & Company LLC lifted their price objective on Hortonworks from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. JMP Securities cut their price objective on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating for the company in a report on Wednesday, August 8th. Finally, Monness Crespi & Hardt lifted their price objective on Hortonworks from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.64.

The firm has a market capitalization of $1.79 billion, a P/E ratio of -7.77 and a beta of 1.49.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) 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 the consensus estimate of $80.34 million. research analysts anticipate that Hortonworks Inc will post -1.98 EPS for the current year.

In other Hortonworks news, insider Scott E. Gnau sold 6,875 shares of the business’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $19.11, for a total transaction of $131,381.25. Following the completion of the sale, the insider now owns 361,186 shares of the company’s stock, valued at $6,902,264.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Reasoner sold 5,224 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $18.09, for a total value of $94,502.16. Following the sale, the insider now directly owns 227,957 shares of the company’s stock, valued at approximately $4,123,742.13. The disclosure for this sale can be found here. Insiders have sold 769,063 shares of company stock valued at $16,316,724 in the last three months. 15.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its stake in shares of Hortonworks by 7.8% in the first quarter. Swiss National Bank now owns 86,200 shares of the software maker’s stock worth $1,756,000 after acquiring an additional 6,200 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Hortonworks by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 246,695 shares of the software maker’s stock worth $5,026,000 after acquiring an additional 11,924 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Hortonworks by 21.1% in the first quarter. Engineers Gate Manager LP now owns 94,908 shares of the software maker’s stock worth $1,933,000 after acquiring an additional 16,549 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Hortonworks by 94.2% in the first quarter. Neuberger Berman Group LLC now owns 90,700 shares of the software maker’s stock worth $1,848,000 after acquiring an additional 44,000 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hortonworks by 6.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 310,000 shares of the software maker’s stock worth $6,315,000 after acquiring an additional 20,000 shares during the period. 81.33% of the stock is owned by institutional investors and hedge funds.

Hortonworks Company Profile (NASDAQ:HDP)

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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