Hortonworks (NASDAQ:HDP) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 2,190 call options on the stock. This represents an increase of 1,110% compared to the average volume of 181 call options.
In related news, CEO Robert G. Bearden sold 74,449 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $18.21, for a total transaction of $1,355,716.29. Following the transaction, the chief executive officer now directly owns 1,905,177 shares in the company, valued at $34,693,273.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Bearden sold 125,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $20.42, for a total value of $2,552,500.00. Following the transaction, the chief executive officer now owns 1,830,727 shares in the company, valued at $37,383,445.34. The disclosure for this sale can be found here. Insiders have sold 1,544,586 shares of company stock worth $28,861,716 over the last quarter. 22.50% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. AXA purchased a new stake in shares of Hortonworks during the 4th quarter valued at about $209,000. Guggenheim Capital LLC purchased a new stake in shares of Hortonworks during the 4th quarter valued at about $255,000. Teacher Retirement System of Texas purchased a new stake in shares of Hortonworks during the 4th quarter valued at about $327,000. Fairfield Bush & CO. purchased a new stake in shares of Hortonworks during the 4th quarter valued at about $362,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Hortonworks during the 4th quarter valued at about $385,000. Institutional investors and hedge funds own 61.64% of the company’s stock.
Shares of NASDAQ:HDP opened at $18.54 on Thursday. The stock has a market cap of $1,433.80, a P/E ratio of -6.06 and a beta of 1.39. Hortonworks has a one year low of $9.93 and a one year high of $22.00.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24). The company had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $70.44 million. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.50) earnings per share. research analysts predict that Hortonworks will post -2.43 earnings per share for the current year.
A number of equities analysts have recently commented on the company. Credit Suisse Group restated a “neutral” rating and issued a $24.00 price objective (up from $23.00) on shares of Hortonworks in a report on Friday, March 9th. DA Davidson assumed coverage on Hortonworks in a report on Friday, March 9th. They issued a “buy” rating and a $24.00 price objective on the stock. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, April 11th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Hortonworks currently has an average rating of “Buy” and an average target price of $22.14.
ILLEGAL ACTIVITY NOTICE: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/19/hortonworks-target-of-unusually-high-options-trading-hdp.html.
Hortonworks Company Profile
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.