Insider Selling: Hortonworks Inc (HDP) Director Sells 252,633 Shares of Stock

Hortonworks Inc (NASDAQ:HDP) Director Michelangelo Volpi sold 252,633 shares of Hortonworks stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $18.38, for a total value of $4,643,394.54. Following the completion of the transaction, the director now owns 10,838 shares in the company, valued at $199,202.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Michelangelo Volpi also recently made the following trade(s):

  • On Thursday, February 22nd, Michelangelo Volpi sold 561,692 shares of Hortonworks stock. The shares were sold at an average price of $18.51, for a total value of $10,396,918.92.

Hortonworks Inc (HDP) traded up $0.15 during trading on Thursday, hitting $18.51. The company had a trading volume of 685,607 shares, compared to its average volume of 691,071. Hortonworks Inc has a 12-month low of $9.10 and a 12-month high of $22.00. The stock has a market capitalization of $1,310.00, a P/E ratio of -5.97 and a beta of 1.52.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.24). The business had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $70.44 million. During the same quarter last year, the firm earned ($0.50) earnings per share. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. research analysts predict that Hortonworks Inc will post -2.5 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. AXA purchased a new stake in shares of Hortonworks in the fourth quarter valued at approximately $209,000. UBS Asset Management Americas Inc. boosted its stake 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 buying an additional 1,700 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Hortonworks in the fourth quarter valued at approximately $255,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of Hortonworks in the third quarter valued at approximately $237,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Hortonworks in the fourth quarter valued at approximately $327,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Several research analysts have weighed in on HDP shares. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, November 7th. Mizuho reiterated a “hold” rating and issued a $14.00 target price on shares of Hortonworks in a research note on Thursday, November 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of Hortonworks in a research note on Wednesday, December 20th. Finally, Barclays downgraded Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a research note on Monday, January 8th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Hortonworks has a consensus rating of “Buy” and an average target price 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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