Hortonworks, Inc. (HDP) CEO Sells $2,287,406.00 in Stock

Hortonworks, Inc. (NASDAQ:HDP) CEO Robert G. Bearden sold 120,200 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $19.03, for a total transaction of $2,287,406.00. Following the transaction, the chief executive officer now owns 1,979,826 shares in the company, valued at approximately $37,676,088.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hortonworks, Inc. (HDP) traded down $0.84 during midday trading on Monday, hitting $18.19. 1,732,605 shares of the company traded hands, compared to its average volume of 831,263. Hortonworks, Inc. has a twelve month low of $8.02 and a twelve month high of $20.66.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The business had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) EPS. analysts forecast that Hortonworks, Inc. will post -2.98 earnings per share for the current fiscal year.

A number of brokerages have issued reports on HDP. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, November 7th. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Drexel Hamilton restated a “buy” rating and set a $26.00 target price on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, November 3rd. Finally, Mizuho restated a “hold” rating and set a $14.00 target price on shares of Hortonworks in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.46.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Hortonworks by 8.8% during the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after acquiring an additional 62,903 shares in the last quarter. Lyon Street Capital LLC boosted its position in shares of 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of 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 in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Hortonworks during the 3rd quarter worth approximately $420,000. Finally, Northern Trust Corp boosted its position in shares of Hortonworks by 12.3% during the 2nd quarter. Northern Trust Corp now owns 573,682 shares of the software maker’s stock worth $7,389,000 after acquiring an additional 62,673 shares in the last quarter. Institutional investors and hedge funds own 58.81% 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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