Hortonworks Inc (NASDAQ:HDP)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.02 and last traded at $15.34, with a volume of 70592 shares traded. The stock had previously closed at $15.31.

HDP has been the subject of a number of research analyst reports. ValuEngine lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Monness Crespi & Hardt raised their target price on Hortonworks from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. JMP Securities reduced their target price on Hortonworks from $27.00 to $21.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 8th. Needham & Company LLC raised their target price on Hortonworks from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, BTIG Research initiated coverage on Hortonworks in a research note on Wednesday, September 12th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Hortonworks presently has a consensus rating of “Buy” and a consensus target price of $26.27.

The company has a market capitalization of $1.32 billion, a PE ratio of -5.14 and a beta of 1.70.

Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.11. The firm had revenue of $87.20 million during the quarter, compared to analysts’ expectations of $87.07 million. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. As a group, research analysts predict that Hortonworks Inc will post -1.98 earnings per share for the current year.

In other Hortonworks news, CEO Robert G. Bearden sold 258,098 shares of Hortonworks stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $21.77, for a total transaction of $5,618,793.46. Following the completion of the transaction, the chief executive officer now owns 1,265,633 shares in the company, valued at approximately $27,552,830.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott E. Gnau sold 12,210 shares of Hortonworks stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $21.54, for a total value of $263,003.40. Following the transaction, the insider now owns 357,226 shares of the company’s stock, valued at approximately $7,694,648.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,026,998 shares of company stock valued at $22,292,069 in the last quarter. Company insiders own 15.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HDP. Advisors Asset Management Inc. grew its position in shares of Hortonworks by 31.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,350 shares of the software maker’s stock valued at $373,000 after acquiring an additional 3,936 shares during the period. MetLife Investment Advisors LLC grew its position in shares of Hortonworks by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 49,204 shares of the software maker’s stock valued at $1,122,000 after acquiring an additional 17,491 shares during the period. Verition Fund Management LLC grew its position in shares of Hortonworks by 60.5% during the 3rd quarter. Verition Fund Management LLC now owns 44,746 shares of the software maker’s stock valued at $1,021,000 after acquiring an additional 16,868 shares during the period. Man Group plc grew its position in shares of Hortonworks by 68.9% during the 3rd quarter. Man Group plc now owns 83,600 shares of the software maker’s stock valued at $1,907,000 after acquiring an additional 34,100 shares during the period. Finally, Crestline Management LP grew its position in shares of Hortonworks by 36.0% during the 3rd quarter. Crestline Management LP now owns 327,080 shares of the software maker’s stock valued at $7,461,000 after acquiring an additional 86,635 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

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About Hortonworks (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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