Scott Reasoner Sells 2,364 Shares of Hortonworks, Inc. (HDP) Stock
Hortonworks, Inc. (NASDAQ:HDP) insider Scott Reasoner sold 2,364 shares of Hortonworks stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $16.43, for a total transaction of $38,840.52. Following the sale, the insider now owns 249,321 shares in the company, valued at $4,096,344.03. The sale was disclosed in a document filed with the SEC, which is available through this link.
Scott Reasoner also recently made the following trade(s):
- On Thursday, August 31st, Scott Reasoner sold 769 shares of Hortonworks stock. The stock was sold at an average price of $16.49, for a total transaction of $12,680.81.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $63.11 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. Hortonworks’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.68) EPS.
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HDP has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, July 20th. Credit Suisse Group AG initiated coverage on shares of Hortonworks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Hortonworks in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Drexel Hamilton restated a “buy” rating and issued a $21.00 price objective on shares of Hortonworks in a research note 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 note on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $18.93.
Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new position in Hortonworks during the 1st quarter valued at about $117,000. Lyon Street Capital LLC increased its stake in Hortonworks by 27.0% during the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after buying an additional 57,845 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Hortonworks by 17.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after buying an additional 29,747 shares during the period. Wells Fargo & Company MN increased its stake in Hortonworks by 73.9% during the 1st quarter. Wells Fargo & Company MN now owns 48,421 shares of the software maker’s stock valued at $475,000 after buying an additional 20,577 shares during the period. Finally, Strs Ohio acquired a new position in Hortonworks during the 2nd quarter valued at about $408,000. 50.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
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