Hortonworks (HDP) Earning Somewhat Positive News Coverage, Report Finds

News coverage about Hortonworks (NASDAQ:HDP) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hortonworks earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 43.7689573462931 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

HDP has been the topic of a number of recent analyst reports. Mizuho reissued a “buy” rating and issued a $23.00 price objective (up from $14.00) on shares of Hortonworks in a research note on Thursday, January 11th. Credit Suisse Group cut shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Tuesday. BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.92.

Shares of Hortonworks (NASDAQ:HDP) opened at $20.45 on Wednesday. Hortonworks has a one year low of $8.74 and a one year high of $22.00. The firm has a market cap of $1,440.00, a price-to-earnings ratio of -6.07 and a beta of 1.66.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The business had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. During the same period in the prior year, the firm earned ($0.68) EPS. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. equities analysts predict that Hortonworks will post -2.98 earnings per share for the current fiscal year.

In related news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $18.23, for a total value of $37,973.09. Following the transaction, the insider now owns 366,988 shares in the company, valued at $6,690,191.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott Reasoner sold 2,364 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $16.43, for a total transaction of $38,840.52. Following the completion of the transaction, the insider now owns 249,321 shares in the company, valued at approximately $4,096,344.03. The disclosure for this sale can be found here. In the last three months, insiders sold 763,762 shares of company stock worth $14,819,474. 22.50% of the stock is currently owned by insiders.

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Hortonworks Company Profile

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.

Insider Buying and Selling by Quarter for Hortonworks (NASDAQ:HDP)

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