Hortonworks, Inc. (NASDAQ:HDP) CEO Robert G. Bearden sold 148,899 shares of Hortonworks stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the completion of the sale, the chief executive officer now owns 2,054,076 shares in the company, valued at approximately $38,513,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hortonworks, Inc. (NASDAQ HDP) traded down $0.01 during mid-day trading on Friday, hitting $19.47. 659,752 shares of the stock were exchanged, compared to its average volume of 828,843. Hortonworks, Inc. has a 1 year low of $8.02 and a 1 year high of $19.53.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. Hortonworks’s revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.68) EPS. sell-side analysts forecast that Hortonworks, Inc. will post -2.98 earnings per share for the current year.
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HDP has been the topic of several recent analyst reports. 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. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a report on Sunday, September 10th. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Drexel Hamilton reiterated a “buy” rating and issued a $21.00 price target on shares of Hortonworks in a report on Saturday, July 22nd. 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 equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.46.
A number of institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its stake in Hortonworks by 37.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock worth $438,000 after purchasing an additional 7,043 shares in the last quarter. Jane Street Group LLC bought a new position in Hortonworks in the 3rd quarter worth about $647,000. Allianz Asset Management GmbH boosted its stake in Hortonworks by 8.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock worth $22,757,000 after purchasing an additional 102,396 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Hortonworks by 3.4% in the 3rd quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock worth $1,656,000 after purchasing an additional 3,214 shares in the last quarter. Finally, Elk Creek Partners LLC bought a new position in Hortonworks in the 3rd quarter worth about $3,152,000. Institutional investors own 48.04% of the company’s stock.
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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