Scott E. Gnau Sells 2,659 Shares of Hortonworks Inc (HDP) Stock

Hortonworks Inc (NASDAQ:HDP) CTO Scott E. Gnau sold 2,659 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $17.12, for a total transaction of $45,522.08. Following the sale, the chief technology officer now directly owns 345,794 shares of the company’s stock, valued at approximately $5,919,993.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hortonworks Inc (HDP) traded down $0.49 during trading on Tuesday, reaching $17.52. 841,946 shares of the company were exchanged, compared to its average volume of 673,995. The company has a market capitalization of $1,240.00, a P/E ratio of -5.65 and a beta of 1.52. Hortonworks Inc has a 1-year low of $9.10 and a 1-year high of $22.00.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting analysts’ consensus estimates of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. The business’s revenue was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.50) EPS. equities research analysts predict that Hortonworks Inc will post -2.48 EPS for the current year.

HDP has been the subject of several research reports. Mizuho reissued a “hold” rating and set a $14.00 price objective on shares of Hortonworks in a research report on Thursday, November 2nd. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research report on Friday, November 3rd. Barclays downgraded shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research report on Monday, January 8th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $26.00 target price on shares of Hortonworks in a research report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.92.

A number of hedge funds have recently made changes to their positions in HDP. Vanguard Group Inc. lifted 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 valued at $41,959,000 after acquiring an additional 389,514 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Hortonworks by 51.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock valued at $16,711,000 after acquiring an additional 335,418 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Hortonworks in the third quarter valued at $5,094,000. Cortina Asset Management LLC lifted its stake in Hortonworks by 80.7% in the third quarter. Cortina Asset Management LLC now owns 597,464 shares of the software maker’s stock valued at $10,127,000 after acquiring an additional 266,767 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in Hortonworks by 31.6% in the fourth quarter. TCW Group Inc. now owns 1,044,542 shares of the software maker’s stock valued at $21,006,000 after acquiring an additional 250,649 shares during the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.

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About Hortonworks

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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