Hortonworks Inc (NASDAQ:HDP) insider Scott Davidson sold 18,068 shares of Hortonworks stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $18.41, for a total transaction of $332,631.88. Following the completion of the sale, the insider now directly owns 1,005,311 shares in the company, valued at approximately $18,507,775.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Scott Davidson also recently made the following trade(s):
- On Thursday, November 9th, Scott Davidson sold 16,307 shares of Hortonworks stock. The stock was sold at an average price of $18.00, for a total transaction of $293,526.00.
- On Wednesday, September 13th, Scott Davidson sold 30,000 shares of Hortonworks stock. The stock was sold at an average price of $16.69, for a total transaction of $500,700.00.
Hortonworks Inc (HDP) traded up $0.05 during midday trading on Friday, hitting $19.24. 410,677 shares of the stock traded hands, compared to its average volume of 827,216. Hortonworks Inc has a one year low of $8.02 and a one year high of $20.66.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts expect that Hortonworks Inc will post -2.98 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the second quarter valued at approximately $125,000. Legal & General Group Plc raised its position in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Hortonworks in the second quarter valued at approximately $170,000. Finally, Quantbot Technologies LP bought a new stake in shares of Hortonworks in the second quarter valued at approximately $173,000. 58.81% of the stock is currently owned by institutional investors.
Several brokerages have commented on HDP. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Barclays lifted their price objective on shares of Hortonworks from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. Credit Suisse Group began coverage on shares of Hortonworks in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Hortonworks presently has a consensus rating of “Buy” and a consensus price target of $20.46.
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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