Hortonworks Inc (NASDAQ:HDP) insider Scott Davidson sold 18,068 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $18.41, for a total value of $332,631.88. Following the completion of the transaction, the insider now owns 1,005,311 shares of the company’s stock, valued at $18,507,775.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Scott Davidson also recently made the following trade(s):
- On Thursday, November 9th, Scott Davidson sold 16,307 shares of Hortonworks stock. The shares were sold at an average price of $18.00, for a total value of $293,526.00.
- 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) traded up $0.05 during mid-day trading on Friday, hitting $19.24. The stock had a trading volume of 410,677 shares, compared to its average volume of 827,216. Hortonworks Inc has a 1-year low of $8.02 and a 1-year high of $20.66.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The business had revenue of $69.00 million during 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 business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.68) EPS. research analysts predict that Hortonworks Inc will post -2.98 earnings per share for the current year.
Several brokerages have weighed in on HDP. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, November 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Drexel Hamilton reiterated a “buy” rating and issued a $22.00 price target on shares of Hortonworks in a report on Thursday, September 21st. Finally, Northland Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks has a consensus rating of “Buy” and an average target price of $20.46.
Several hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its holdings in shares of Hortonworks by 37.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock worth $438,000 after buying an additional 7,043 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Hortonworks during the 3rd quarter worth $647,000. Allianz Asset Management GmbH increased its holdings in shares of Hortonworks by 8.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock worth $22,757,000 after buying an additional 102,396 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Hortonworks by 3.4% during the 3rd quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock worth $1,656,000 after buying an additional 3,214 shares during the last quarter. Finally, Elk Creek Partners LLC acquired a new stake in shares of Hortonworks during the 3rd quarter worth $3,152,000. Institutional investors and hedge funds own 58.81% of the company’s stock.
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Hortonworks Company Profile
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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