Hortonworks Inc (HDP) Receives $22.33 Consensus Target Price from Analysts

Shares of Hortonworks Inc (NASDAQ:HDP) have received a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $22.33.

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a research report on Wednesday, May 23rd. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Monness Crespi & Hardt began coverage on Hortonworks in a report on Wednesday, April 11th. They issued a “neutral” rating on the stock. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Finally, Barclays restated a “hold” rating and issued a $20.00 target price on shares of Hortonworks in a report on Friday, April 13th.

In other news, insider Scott Davidson sold 17,846 shares of Hortonworks stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $18.01, for a total value of $321,406.46. Following the transaction, the insider now directly owns 1,153,993 shares in the company, valued at $20,783,413.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Reasoner sold 2,851 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total value of $49,635.91. Following the transaction, the insider now owns 233,181 shares in the company, valued at $4,059,681.21. The disclosure for this sale can be found here. Insiders sold 854,026 shares of company stock worth $15,675,000 over the last quarter. 15.60% of the stock is currently owned by corporate insiders.



A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Hortonworks by 10.7% during the first quarter. BlackRock Inc. now owns 3,464,798 shares of the software maker’s stock valued at $70,578,000 after acquiring an additional 333,763 shares during the period. Park West Asset Management LLC grew its stake in shares of Hortonworks by 47.4% in the 4th quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after purchasing an additional 675,000 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Hortonworks by 20.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,645,910 shares of the software maker’s stock worth $33,527,000 after acquiring an additional 283,149 shares in the last quarter. Tremblant Capital Group acquired a new position in shares of Hortonworks in the 1st quarter worth approximately $30,266,000. Finally, TCW Group Inc. boosted its holdings in shares of Hortonworks by 8.1% in the 1st quarter. TCW Group Inc. now owns 1,129,528 shares of the software maker’s stock worth $23,009,000 after acquiring an additional 84,986 shares in the last quarter. Hedge funds and other institutional investors own 66.79% of the company’s stock.

Hortonworks traded down $0.27, hitting $17.41, during mid-day trading on Friday, Marketbeat Ratings reports. 18,854 shares of the company’s stock traded hands, compared to its average volume of 1,009,998. The company has a market capitalization of $1.40 billion, a P/E ratio of -5.67 and a beta of 1.43. Hortonworks has a one year low of $11.50 and a one year high of $22.00.

Hortonworks (NASDAQ:HDP) last announced its earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to the consensus estimate of $75.26 million. During the same period in the previous year, the firm earned ($0.50) EPS. The firm’s revenue was up 41.3% on a year-over-year basis. equities research analysts predict that Hortonworks will post -2.14 earnings per share for the current year.

About Hortonworks

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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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