Hortonworks Inc (NASDAQ:HDP) insider Shaun Connolly sold 2,083 shares of Hortonworks stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $20.92, for a total value of $43,576.36. Following the completion of the transaction, the insider now directly owns 238,069 shares in the company, valued at $4,980,403.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shaun Connolly also recently made the following trade(s):
- On Monday, January 8th, Shaun Connolly sold 8,863 shares of Hortonworks stock. The stock was sold at an average price of $19.68, for a total value of $174,423.84.
- On Tuesday, December 12th, Shaun Connolly sold 2,084 shares of Hortonworks stock. The stock was sold at an average price of $19.64, for a total value of $40,929.76.
- On Monday, November 13th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The stock was sold at an average price of $18.23, for a total value of $37,973.09.
Shares of Hortonworks Inc (NASDAQ HDP) traded up $0.21 during trading hours on Wednesday, hitting $20.66. The stock had a trading volume of 780,038 shares, compared to its average volume of 602,706. Hortonworks Inc has a one year low of $8.74 and a one year high of $22.00. The firm has a market cap of $1,460.00, a price-to-earnings ratio of -6.13 and a beta of 1.66.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period in the previous year, the business posted ($0.68) EPS. Hortonworks’s revenue for the quarter was up 45.3% compared to the same quarter last year. sell-side analysts anticipate that Hortonworks Inc will post -2.98 EPS for the current fiscal year.
HDP has been the topic of several recent analyst reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 price target on shares of Hortonworks in a research report on Thursday, September 21st. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada reissued a “buy” rating on shares of Hortonworks in a report on Wednesday, October 18th. Finally, Northland Securities reissued a “buy” rating and set a $24.00 price objective on shares of Hortonworks in a report on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.92.
A number of hedge funds have recently made changes to their positions in HDP. Schwab Charles Investment Management Inc. boosted its stake in Hortonworks by 19.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 244,427 shares of the software maker’s stock valued at $3,149,000 after buying an additional 39,395 shares in the last quarter. Rhumbline Advisers boosted its stake in Hortonworks by 19.5% in the 2nd quarter. Rhumbline Advisers now owns 53,401 shares of the software maker’s stock valued at $688,000 after buying an additional 8,707 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Hortonworks by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 210,433 shares of the software maker’s stock valued at $2,710,000 after buying an additional 28,781 shares in the last quarter. Legal & General Group Plc boosted its stake in 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 in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in Hortonworks in the 2nd quarter valued at $330,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.
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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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