Hortonworks, Inc. (NASDAQ:HDP) insider Scott Davidson sold 16,307 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $18.00, for a total value of $293,526.00. Following the completion of the transaction, the insider now directly owns 1,056,504 shares in the company, valued at approximately $19,017,072. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Scott Davidson also recently made the following trade(s):
- On Wednesday, September 13th, Scott Davidson sold 30,000 shares of Hortonworks stock. The shares were sold at an average price of $16.69, for a total value of $500,700.00.
Hortonworks, Inc. (NASDAQ HDP) opened at $18.54 on Tuesday. Hortonworks, Inc. has a 1-year low of $8.02 and a 1-year high of $18.93.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.11 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 89.35%. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.68) EPS. sell-side analysts forecast that Hortonworks, Inc. will post -2.98 EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks during the 1st quarter worth approximately $117,000. Lyon Street Capital LLC lifted its position in Hortonworks by 27.0% during the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock worth $3,505,000 after acquiring an additional 57,845 shares during the period. Schwab Charles Investment Management Inc. lifted its position 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 worth $2,012,000 after acquiring an additional 29,747 shares during the period. Trellus Management Company LLC acquired a new stake in Hortonworks during the 3rd quarter worth approximately $254,000. Finally, Strs Ohio acquired a new stake in Hortonworks during the 2nd quarter worth approximately $408,000. Hedge funds and other institutional investors own 48.04% of the company’s stock.
Several equities analysts recently issued reports on HDP shares. Mizuho reissued a “hold” rating and set a $14.00 target price on shares of Hortonworks in a research note on Friday, August 4th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a report on Sunday, September 10th. Drexel Hamilton restated a “buy” rating and set a $26.00 price target on shares of Hortonworks in a report on Monday, November 6th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, November 7th. Finally, Northland Securities restated a “buy” rating and set a $24.00 price target on shares of Hortonworks in a report on Monday, July 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hortonworks currently has a consensus rating of “Buy” and a consensus price target of $20.46.
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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