BidaskClub upgraded shares of Hortonworks (NASDAQ:HDP) from a hold rating to a buy rating in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. Citigroup began coverage on shares of Hortonworks in a research note on Thursday, June 28th. They set a buy rating and a $27.00 price target on the stock. Rosenblatt Securities reaffirmed a buy rating and set a $25.00 price target on shares of Hortonworks in a research note on Thursday, May 17th. ValuEngine raised shares of Hortonworks from a hold rating to a buy rating in a research note on Saturday, June 2nd. BTIG Research began coverage on shares of Hortonworks in a research note on Wednesday, September 12th. They set a buy rating on the stock. Finally, Monness Crespi & Hardt raised shares of Hortonworks from a neutral rating to a buy rating and set a $25.00 price target on the stock in a research note on Monday, May 21st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $25.17.

Shares of HDP opened at $23.54 on Friday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -7.69 and a beta of 1.51. Hortonworks has a 1 year low of $15.50 and a 1 year high of $26.22.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.11. The firm had revenue of $86.34 million during the quarter, compared to analyst estimates of $80.34 million. equities research analysts anticipate that Hortonworks will post -1.98 earnings per share for the current fiscal year.

In other Hortonworks news, CEO Robert G. Bearden sold 109,200 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $24.29, for a total value of $2,652,468.00. Following the transaction, the chief executive officer now directly owns 1,191,184 shares in the company, valued at approximately $28,933,859.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Reasoner sold 2,724 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $21.53, for a total transaction of $58,647.72. Following the completion of the transaction, the insider now owns 199,611 shares in the company, valued at $4,297,624.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 881,389 shares of company stock worth $19,047,405. 15.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Rothschild Asset Management Inc. lifted its holdings in Hortonworks by 34.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 98,589 shares of the software maker’s stock valued at $1,796,000 after purchasing an additional 25,526 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Hortonworks by 34.5% in the 2nd quarter. Engineers Gate Manager LP now owns 127,654 shares of the software maker’s stock valued at $2,326,000 after purchasing an additional 32,746 shares in the last quarter. Gradient Investments LLC lifted its holdings in Hortonworks by 38.0% in the 2nd quarter. Gradient Investments LLC now owns 42,192 shares of the software maker’s stock valued at $769,000 after purchasing an additional 11,626 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Hortonworks by 94.2% in the 1st quarter. Neuberger Berman Group LLC now owns 90,700 shares of the software maker’s stock valued at $1,848,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Penn Capital Management Co. Inc. lifted its holdings in Hortonworks by 19.6% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 691,702 shares of the software maker’s stock valued at $12,620,000 after purchasing an additional 113,413 shares in the last quarter. Institutional investors own 81.33% of the company’s stock.

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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Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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