Media stories about Hortonworks (NASDAQ:HDP) have been trending somewhat positive recently, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hortonworks earned a coverage optimism score of 0.11 on AlphaOne’s scale. AlphaOne also assigned press coverage about the software maker an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Insider Selling: Hortonworks Inc (HDP) Insider Sells 1,570 Shares of Stock (americanbankingnews.com)
- Greg Pavlik Sells 18,663 Shares of Hortonworks Inc (HDP) Stock (americanbankingnews.com)
- The Risks Behind The Cloudera IPO (seekingalpha.com)
- ACI Worldwide : Technical Roundup on Technical and System Software Stocks — PTC Inc., Nutanix, Hortonworks, and ACI Worldwide (4-traders.com)
- Zacks Investment Research Upgrades Hortonworks Inc (HDP) to Hold (americanbankingnews.com)
HDP has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Hortonworks from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. Wells Fargo & Co initiated coverage on shares of Hortonworks in a research report on Wednesday, January 11th. They issued an “outperform” rating for the company. Mizuho upped their price objective on shares of Hortonworks from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Drexel Hamilton upped their price objective on shares of Hortonworks to $21.00 in a research report on Friday, February 10th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $9.00 price objective (up previously from $8.00) on shares of Hortonworks in a research report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.17.
Hortonworks (NASDAQ:HDP) traded down 0.57% on Thursday, hitting $10.55. 398,018 shares of the company traded hands. Hortonworks has a 12 month low of $6.42 and a 12 month high of $13.12. The stock’s 50-day moving average is $10.08 and its 200 day moving average is $9.14. The stock’s market cap is $436.42 million.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, February 9th. The software maker reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.10. The company 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 firm’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.72) earnings per share. Equities research analysts expect that Hortonworks will post ($1.82) earnings per share for the current fiscal year.
In other news, CFO Scott Davidson sold 2,841 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $9.05, for a total value of $25,711.05. Following the completion of the transaction, the chief financial officer now owns 821,787 shares of the company’s stock, valued at $7,437,172.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Greg Pavlik sold 18,663 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $10.56, for a total transaction of $197,081.28. Following the completion of the transaction, the insider now directly owns 354,630 shares of the company’s stock, valued at approximately $3,744,892.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,887 shares of company stock valued at $1,763,834. 26.00% of the stock is currently owned by company insiders.
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Hortonworks Company Profile
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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