Hortonworks (HDP) Now Covered by Analysts at Monness Crespi & Hardt

Research analysts at Monness Crespi & Hardt initiated coverage on shares of Hortonworks (NASDAQ:HDP) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating on the software maker’s stock.

HDP has been the subject of several other research reports. BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho upped their price objective on shares of Hortonworks from $14.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Tuesday, December 12th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.29.

Shares of Hortonworks stock opened at $17.88 on Wednesday. Hortonworks has a 52-week low of $9.93 and a 52-week high of $22.00.



Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.24). The firm had revenue of $75.01 million for the quarter, compared to the consensus estimate of $70.44 million. During the same period in the prior year, the company earned ($0.50) EPS. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. equities analysts forecast that Hortonworks will post -2.43 EPS for the current fiscal year.

In other news, CEO Robert G. Bearden sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $20.42, for a total value of $2,552,500.00. Following the completion of the transaction, the chief executive officer now owns 1,830,727 shares of the company’s stock, valued at $37,383,445.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Bearden sold 113,947 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $17.92, for a total value of $2,041,930.24. Following the completion of the transaction, the chief executive officer now directly owns 1,773,730 shares of the company’s stock, valued at approximately $31,785,241.60. The disclosure for this sale can be found here. Insiders sold 1,544,586 shares of company stock valued at $28,861,716 in the last three months. Company insiders own 22.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its position in Hortonworks by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 907,900 shares of the software maker’s stock valued at $18,258,000 after purchasing an additional 3,850 shares during the period. Gradient Investments LLC increased its position in Hortonworks by 21.8% during the 4th quarter. Gradient Investments LLC now owns 25,629 shares of the software maker’s stock valued at $515,000 after purchasing an additional 4,581 shares during the period. Cubist Systematic Strategies LLC increased its position in Hortonworks by 37.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock valued at $438,000 after purchasing an additional 7,043 shares during the period. Bank of New York Mellon Corp increased its position in Hortonworks by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 291,283 shares of the software maker’s stock valued at $5,858,000 after purchasing an additional 7,328 shares during the period. Finally, Swiss National Bank increased its position in Hortonworks by 12.2% during the 4th quarter. Swiss National Bank now owns 80,000 shares of the software maker’s stock valued at $1,609,000 after purchasing an additional 8,700 shares during the period. 61.63% of the stock is owned by institutional investors.

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About Hortonworks

Hortonworks, Inc is a provider and distributor of 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.

Analyst Recommendations for Hortonworks (NASDAQ:HDP)

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