Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 81,400 shares of Hortonworks stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $20.10, for a total value of $1,636,140.00. Following the transaction, the chief executive officer now owns 1,191,184 shares in the company, valued at $23,942,798.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Hortonworks stock traded up $0.40 during trading on Friday, reaching $20.25. The stock had a trading volume of 1,880,700 shares, compared to its average volume of 1,139,318. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -6.58 and a beta of 1.50. Hortonworks Inc has a 52 week low of $15.50 and a 52 week high of $26.22.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The firm had revenue of $86.34 million during the quarter, compared to the consensus estimate of $80.34 million. On average, analysts expect that Hortonworks Inc will post -1.99 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its holdings in Hortonworks by 31.1% during the third quarter. Gradient Investments LLC now owns 55,323 shares of the software maker’s stock worth $1,262,000 after acquiring an additional 13,131 shares in the last quarter. Northern Trust Corp raised its holdings in Hortonworks by 33.9% during the second quarter. Northern Trust Corp now owns 802,377 shares of the software maker’s stock worth $14,620,000 after acquiring an additional 203,093 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hortonworks by 39.4% during the second quarter. Bank of New York Mellon Corp now owns 337,560 shares of the software maker’s stock worth $6,150,000 after acquiring an additional 95,380 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Hortonworks during the second quarter worth about $226,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Hortonworks by 22.6% during the second quarter. Public Employees Retirement System of Ohio now owns 112,013 shares of the software maker’s stock worth $2,041,000 after acquiring an additional 20,621 shares in the last quarter. Institutional investors and hedge funds own 81.32% of the company’s stock.
Several research analysts have weighed in on HDP shares. Zacks Investment Research lowered Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Wells Fargo & Co boosted their price target on Hortonworks to $32.50 and gave the company an “outperform” rating in a report on Friday, September 14th. DA Davidson boosted their price target on Hortonworks from $24.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.90.
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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