Hortonworks Inc (NASDAQ:HDP) Insider Scott Reasoner Sells 4,678 Shares

Hortonworks Inc (NASDAQ:HDP) insider Scott Reasoner sold 4,678 shares of Hortonworks stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $17.76, for a total transaction of $83,081.28. Following the sale, the insider now directly owns 258,125 shares of the company’s stock, valued at approximately $4,584,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Scott Reasoner also recently made the following trade(s):

  • On Friday, December 29th, Scott Reasoner sold 5,224 shares of Hortonworks stock. The shares were sold at an average price of $20.29, for a total transaction of $105,994.96.
  • On Friday, December 29th, Scott Reasoner sold 5,224 shares of Hortonworks stock. The shares were sold at an average price of $20.29, for a total transaction of $105,994.96.
  • On Thursday, November 30th, Scott Reasoner sold 6,250 shares of Hortonworks stock. The shares were sold at an average price of $19.39, for a total transaction of $121,187.50.

Shares of Hortonworks Inc (NASDAQ HDP) traded up $0.14 during mid-day trading on Thursday, hitting $18.36. 954,400 shares of the stock were exchanged, compared to its average volume of 670,092. Hortonworks Inc has a 12 month low of $9.10 and a 12 month high of $22.00. The company has a market cap of $1,310.00, a PE ratio of -6.00 and a beta of 1.52.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.24). The company had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. During the same quarter last year, the company posted ($0.50) EPS. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. research analysts predict that Hortonworks Inc will post -2.5 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elk Creek Partners LLC acquired a new position in Hortonworks in the 3rd quarter valued at about $3,152,000. State Street Corp grew 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 purchasing an additional 62,903 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Hortonworks by 66.7% during the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock worth $4,523,000 after purchasing an additional 106,777 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of Hortonworks during the 3rd quarter worth approximately $1,333,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hortonworks during the 3rd quarter worth approximately $420,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Several equities analysts have recently issued reports on HDP shares. Barclays cut shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock. in a research report on Monday, January 8th. Mizuho reaffirmed a “buy” rating and issued a $23.00 price objective (up from $14.00) on shares of Hortonworks in a research report on Thursday, January 11th. Drexel Hamilton reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Hortonworks in a research report on Monday, November 6th. Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Credit Suisse Group cut shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.92.

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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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