Hortonworks, Inc. (NASDAQ:HDP) insider Shaun Connolly sold 8,864 shares of Hortonworks stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $16.77, for a total value of $148,649.28. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shaun Connolly also recently made the following trade(s):

  • On Tuesday, September 12th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The shares were sold at an average price of $17.01, for a total value of $35,431.83.
  • On Friday, August 25th, Shaun Connolly sold 66,664 shares of Hortonworks stock. The shares were sold at an average price of $16.06, for a total value of $1,070,623.84.
  • On Monday, August 14th, Shaun Connolly sold 5,370 shares of Hortonworks stock. The shares were sold at an average price of $14.43, for a total value of $77,489.10.
  • On Thursday, July 20th, Shaun Connolly sold 54,312 shares of Hortonworks stock. The shares were sold at an average price of $12.52, for a total value of $679,986.24.
  • On Friday, July 14th, Shaun Connolly sold 5,026 shares of Hortonworks stock. The shares were sold at an average price of $13.30, for a total value of $66,845.80.
  • On Monday, July 17th, Shaun Connolly sold 7,831 shares of Hortonworks stock. The shares were sold at an average price of $13.55, for a total value of $106,110.05.

Shares of Hortonworks, Inc. (NASDAQ HDP) traded up 1.84% during mid-day trading on Wednesday, hitting $16.61. The stock had a trading volume of 718,659 shares. The stock has a 50 day moving average price of $16.75 and a 200-day moving average price of $13.58. The company’s market cap is $687.11 million. Hortonworks, Inc. has a 52-week low of $6.42 and a 52-week high of $17.70.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, meeting the consensus estimate of ($0.87). Hortonworks had a negative return on equity of 765.37% and a negative net margin of 107.07%. The firm had revenue of $61.83 million during the quarter, compared to the consensus estimate of $57.62 million. During the same period last year, the business posted ($0.72) EPS. Hortonworks’s quarterly revenue was up 41.6% on a year-over-year basis. On average, equities analysts expect that Hortonworks, Inc. will post ($1.72) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Hortonworks, Inc. (HDP) Insider Shaun Connolly Sells 8,864 Shares” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/hortonworks-inc-hdp-insider-shaun-connolly-sells-8864-shares.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks in the 1st quarter valued at approximately $117,000. FNY Partners Fund LP purchased a new position in Hortonworks in the 1st quarter valued at approximately $117,000. ETF Managers Group LLC purchased a new position in Hortonworks in the 2nd quarter valued at approximately $125,000. Legal & General Group Plc increased its stake in Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares in the last quarter. 49.62% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on HDP shares. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Credit Suisse Group initiated coverage on Hortonworks in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective for the company. Needham & Company LLC initiated coverage on Hortonworks in a research report on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price objective for the company. Drexel Hamilton restated a “buy” rating and issued a $21.00 price objective on shares of Hortonworks in a research report on Saturday, July 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $21.00 price objective on shares of Hortonworks in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.13.

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)

Receive News & Ratings for Hortonworks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.