Insider Selling: Hortonworks Inc (HDP) Insider Sells 5,224 Shares of Stock

Hortonworks Inc (NASDAQ:HDP) insider Scott Reasoner sold 5,224 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $20.29, for a total value of $105,994.96. Following the completion of the sale, the insider now directly owns 228,725 shares in the company, valued at approximately $4,640,830.25. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Scott Reasoner also recently made the following trade(s):

  • On Friday, December 29th, Scott Reasoner sold 5,224 shares of Hortonworks stock. The shares were sold at an average price of $20.29, for a total value of $105,994.96.
  • On Thursday, November 30th, Scott Reasoner sold 6,250 shares of Hortonworks stock. The shares were sold at an average price of $19.39, for a total value of $121,187.50.
  • On Tuesday, October 31st, Scott Reasoner sold 2,364 shares of Hortonworks stock. The shares were sold at an average price of $16.43, for a total value of $38,840.52.

Hortonworks Inc (NASDAQ:HDP) traded up $0.25 during trading on Wednesday, reaching $21.27. The company’s stock had a trading volume of 1,110,546 shares, compared to its average volume of 865,950. The firm has a market capitalization of $1,500.00, a price-to-earnings ratio of -6.31 and a beta of 1.66. Hortonworks Inc has a one year low of $8.73 and a one year high of $22.00.

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

Several analysts recently commented on HDP shares. Credit Suisse Group started coverage on Hortonworks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price target on the stock. Mizuho reaffirmed a “hold” rating and issued a $14.00 price target on shares of Hortonworks in a research note on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a research note on Sunday, September 10th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 price target on shares of Hortonworks in a research note on Friday, November 3rd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.08.

A number of institutional investors have recently bought and sold shares of HDP. Vanguard Group Inc. boosted its stake in Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after purchasing an additional 389,514 shares in the last quarter. Broadview Advisors LLC bought a new stake in shares of Hortonworks during the second quarter worth $4,485,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Hortonworks by 51.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock worth $16,711,000 after acquiring an additional 335,418 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Hortonworks during the third quarter worth $5,094,000. Finally, Cortina Asset Management LLC raised its position in shares of Hortonworks by 80.7% during the third quarter. Cortina Asset Management LLC now owns 597,464 shares of the software maker’s stock worth $10,127,000 after acquiring an additional 266,767 shares during the last quarter. 57.60% of the stock is currently owned by institutional investors.

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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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