Highbridge Capital Management LLC Purchases Shares of 33,274 Hortonworks Inc (HDP)

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Highbridge Capital Management LLC purchased a new stake in Hortonworks Inc (NASDAQ:HDP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,274 shares of the software maker’s stock, valued at approximately $678,000.

A number of other large investors have also bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in shares of Hortonworks during the 1st quarter worth about $211,000. AXA purchased a new stake in shares of Hortonworks during the 4th quarter worth about $209,000. Guggenheim Capital LLC purchased a new stake in shares of Hortonworks during the 4th quarter worth about $255,000. Teacher Retirement System of Texas purchased a new stake in shares of Hortonworks during the 4th quarter worth about $327,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Hortonworks during the 1st quarter worth about $351,000. 66.56% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on HDP. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research note on Wednesday, May 23rd. Monness Crespi & Hardt raised shares of Hortonworks from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday, May 21st. ValuEngine raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Nomura began coverage on shares of Hortonworks in a research note on Thursday, June 14th. They set a “buy” rating and a $26.00 target price on the stock. Finally, BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.87.

Hortonworks opened at $18.74 on Monday, according to MarketBeat. Hortonworks Inc has a twelve month low of $12.09 and a twelve month high of $22.00. The stock has a market cap of $1.50 billion, a P/E ratio of -6.12 and a beta of 1.43.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.07. The company had revenue of $79.06 million for the quarter, compared to analyst estimates of $75.26 million. During the same quarter last year, the company earned ($0.50) EPS. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. analysts forecast that Hortonworks Inc will post -2.14 earnings per share for the current year.

In other Hortonworks news, CTO Scott E. Gnau sold 3,960 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $17.06, for a total value of $67,557.60. Following the completion of the sale, the chief technology officer now owns 381,811 shares in the company, valued at approximately $6,513,695.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Reasoner sold 2,851 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total transaction of $49,635.91. Following the completion of the sale, the insider now owns 233,181 shares of the company’s stock, valued at approximately $4,059,681.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 729,026 shares of company stock valued at $13,122,500. Insiders own 15.60% of the company’s stock.

About Hortonworks

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

Institutional Ownership by Quarter for Hortonworks (NASDAQ:HDP)

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