Hortonworks Inc. (NASDAQ:HDP)‘s stock had its “neutral” rating restated by investment analysts at Mizuho in a research note issued to investors on Tuesday. They currently have a $10.00 price objective on the stock. Mizuho’s target price would suggest a potential upside of 25.47% from the stock’s current price.
Other equities analysts have also issued research reports about the company. JMP Securities reissued a “buy” rating on shares of Hortonworks in a report on Saturday, July 9th. DA Davidson set a $13.00 price target on Hortonworks and gave the stock a “buy” rating in a report on Saturday, August 6th. SunTrust Banks Inc. set a $14.00 price target on Hortonworks and gave the stock a “buy” rating in a report on Saturday, August 6th. Royal Bank Of Canada lowered their price target on Hortonworks from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, August 5th. Finally, Needham & Company LLC lowered Hortonworks from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.85.
Shares of Hortonworks (NASDAQ:HDP) opened at 7.97 on Tuesday. The stock’s market capitalization is $329.70 million. Hortonworks has a 1-year low of $7.12 and a 1-year high of $22.82. The firm’s 50-day moving average price is $8.04 and its 200 day moving average price is $10.36.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.70) by $0.02. Hortonworks had a negative return on equity of 236.91% and a negative net margin of 144.53%. The company had revenue of $43.60 million for the quarter, compared to analysts’ expectations of $45.24 million. During the same period in the prior year, the business earned ($0.82) EPS. The business’s quarterly revenue was up 45.7% compared to the same quarter last year. Equities research analysts expect that Hortonworks will post ($2.65) earnings per share for the current fiscal year.
In other news, insider Scott Reasoner sold 2,594 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $12.44, for a total transaction of $32,269.36. Following the completion of the transaction, the insider now directly owns 135,874 shares of the company’s stock, valued at approximately $1,690,272.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott Davidson sold 5,477 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $12.44, for a total transaction of $68,133.88. Following the transaction, the chief financial officer now directly owns 465,563 shares of the company’s stock, valued at $5,791,603.72. The disclosure for this sale can be found here. Insiders own 26.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Societe Generale acquired a new position in shares of Hortonworks during the second quarter worth $141,000. SG Americas Securities LLC acquired a new position in shares of Hortonworks during the second quarter worth $141,000. Trexquant Investment LP acquired a new position in shares of Hortonworks during the second quarter worth $184,000. Royal Bank of Canada boosted its position in shares of Hortonworks by 63.1% in the first quarter. Royal Bank of Canada now owns 20,768 shares of the company’s stock worth $234,000 after buying an additional 8,031 shares during the period. Finally, American International Group Inc. boosted its position in shares of Hortonworks by 423.7% in the second quarter. American International Group Inc. now owns 23,220 shares of the company’s stock worth $248,000 after buying an additional 18,786 shares during the period. 51.80% of the stock is owned by institutional investors and hedge funds.
Hortonworks, Inc is a provider and distributor of an 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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