Hortonworks, Inc. (NASDAQ:HDP) CTO Scott E. Gnau sold 24,000 shares of Hortonworks stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.35, for a total transaction of $464,400.00. Following the completion of the transaction, the chief technology officer now owns 253,743 shares of the company’s stock, valued at approximately $4,909,927.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Hortonworks, Inc. (NASDAQ:HDP) opened at $18.19 on Tuesday. Hortonworks, Inc. has a 1 year low of $8.02 and a 1 year high of $20.66.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.68) EPS. sell-side analysts expect that Hortonworks, Inc. will post -2.98 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. ETF Managers Group LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at $125,000. Legal & General Group Plc grew its holdings in shares of Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at $170,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hortonworks in the 2nd quarter valued at $173,000. Institutional investors own 58.81% of the company’s stock.
Several research firms recently weighed in on HDP. Cowen restated a “market perform” rating and issued a $14.00 price objective (up previously from $11.00) on shares of Hortonworks in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, November 7th. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price objective on shares of Hortonworks in a research report on Sunday, September 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a research report on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.46.
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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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