Hortonworks, Inc. (NASDAQ:HDP) CEO Robert G. Bearden Sells 148,899 Shares

Hortonworks, Inc. (NASDAQ:HDP) CEO Robert G. Bearden sold 148,899 shares of the firm’s stock in a transaction that occurred 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 directly owns 2,054,076 shares of the company’s stock, valued at approximately $38,513,925. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Hortonworks, Inc. (HDP) opened at $19.03 on Monday. Hortonworks, Inc. has a 52 week low of $8.02 and a 52 week high of $20.66.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.68) EPS. analysts expect that Hortonworks, Inc. will post -2.98 earnings per share for the current fiscal year.

HDP has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Hortonworks in a report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 target price for the company. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hortonworks in a research report on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research report on Sunday, September 10th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, 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. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.46.

Several institutional investors have recently added to or reduced their stakes in HDP. ETF Managers Group LLC acquired a new position in shares of Hortonworks during the 2nd quarter worth about $125,000. Legal & General Group Plc increased its stake in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after purchasing an additional 837 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Hortonworks during the 2nd quarter worth about $170,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hortonworks during the 2nd quarter worth about $173,000. Institutional investors own 58.91% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://weekherald.com/2017/12/04/hortonworks-inc-hdp-ceo-robert-g-bearden-sells-148899-shares-of-stock.html.

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)

Receive News & Ratings for Hortonworks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply