Hortonworks, Inc. (HDP) Given Market Perform Rating at Cowen and Company

Hortonworks, Inc. (NASDAQ:HDP)‘s stock had its “market perform” rating reaffirmed by analysts at Cowen and Company in a research note issued to investors on Tuesday. They currently have a $9.00 target price on the stock, up from their prior target price of $8.00. Cowen and Company’s price target indicates a potential downside of 14.37% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Drexel Hamilton lifted their price target on shares of Hortonworks to $21.00 in a research note on Friday. Mizuho lifted their price target on shares of Hortonworks from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company assumed coverage on shares of Hortonworks in a research note on Wednesday, January 11th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $13.00 price target on shares of Hortonworks in a research note on Monday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $15.07.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

Hortonworks (NASDAQ:HDP) opened at 10.51 on Tuesday. The company’s market cap is $434.77 million. The firm has a 50-day moving average of $9.25 and a 200 day moving average of $8.68. Hortonworks has a 52-week low of $6.42 and a 52-week high of $13.12.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, February 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.10. The firm earned $52 million during the quarter, compared to analysts’ expectations of $48.03 million. Hortonworks had a negative net margin of 136.45% and a negative return on equity of 294.33%. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.72) earnings per share. Equities research analysts expect that Hortonworks will post ($1.82) earnings per share for the current fiscal year.

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In other Hortonworks news, insider Shaun Connolly sold 3,551 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $9.05, for a total value of $32,136.55. Following the transaction, the insider now directly owns 617,038 shares in the company, valued at $5,584,193.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Scott Davidson sold 8,523 shares of the company’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $8.67, for a total transaction of $73,894.41. Following the completion of the transaction, the chief financial officer now owns 442,231 shares in the company, valued at $3,834,142.77. The disclosure for this sale can be found here. Insiders have sold 65,841 shares of company stock worth $635,515 over the last ninety days. Insiders own 26.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Hortonworks during the third quarter valued at approximately $11,266,000. Peregrine Capital Management LLC acquired a new position in Hortonworks during the third quarter valued at approximately $9,477,000. ARK Investment Management LLC acquired a new position in Hortonworks during the fourth quarter valued at approximately $7,133,000. Penn Capital Management Co. Inc. acquired a new position in Hortonworks during the third quarter valued at approximately $5,537,000. Finally, OZ Management LP acquired a new position in Hortonworks during the third quarter valued at approximately $4,462,000. Hedge funds and other institutional investors own 52.91% of the company’s stock.

About Hortonworks

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.

5 Day Chart for NASDAQ:HDP

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