Shaun Connolly Sells 8,863 Shares of Hortonworks Inc (HDP) Stock

Hortonworks Inc (NASDAQ:HDP) insider Shaun Connolly sold 8,863 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $19.68, for a total value of $174,423.84. Following the transaction, the insider now owns 235,986 shares of the company’s stock, valued at $4,644,204.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shaun Connolly also recently made the following trade(s):

  • On Tuesday, December 12th, Shaun Connolly sold 2,084 shares of Hortonworks stock. The shares were sold at an average price of $19.64, for a total value of $40,929.76.
  • On Monday, November 13th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The shares were sold at an average price of $18.23, for a total value of $37,973.09.
  • On Monday, October 16th, Shaun Connolly sold 13,644 shares of Hortonworks stock. The shares were sold at an average price of $16.43, for a total value of $224,170.92.

Shares of Hortonworks Inc (NASDAQ:HDP) opened at $20.83 on Friday. Hortonworks Inc has a 52-week low of $8.74 and a 52-week high of $22.00. The firm has a market capitalization of $1,470.00, a price-to-earnings ratio of -6.18 and a beta of 1.66.

Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million during the quarter, compared to analyst estimates of $63.11 million. During the same period in the prior year, the business earned ($0.68) earnings per share. Hortonworks’s quarterly revenue was up 45.3% on a year-over-year basis. research analysts predict that Hortonworks Inc will post -2.98 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Hortonworks by 13.6% in the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after purchasing an additional 389,514 shares in the last quarter. Broadview Advisors LLC bought a new position in shares of Hortonworks in the second quarter worth $4,485,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Hortonworks by 51.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock worth $16,711,000 after purchasing an additional 335,418 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Hortonworks in the third quarter worth $5,094,000. Finally, Cortina Asset Management LLC grew its stake in shares of Hortonworks by 80.7% in the third quarter. Cortina Asset Management LLC now owns 597,464 shares of the software maker’s stock worth $10,127,000 after purchasing an additional 266,767 shares in the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

HDP has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 target price on shares of Hortonworks in a research note on Sunday, September 17th. Drexel Hamilton reissued a “buy” rating and set a $22.00 price target on shares of Hortonworks in a research report on Thursday, September 21st. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Hortonworks in a research report on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hortonworks 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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