Hortonworks Inc (NASDAQ:HDP) CFO Scott Davidson sold 18,384 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $9.46, for a total value of $173,912.64. Following the sale, the chief financial officer now owns 845,207 shares of the company’s stock, valued at $7,995,658.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Scott Davidson also recently made the following trade(s):

  • On Monday, February 13th, Scott Davidson sold 4,992 shares of Hortonworks stock. The stock was sold at an average price of $10.48, for a total value of $52,316.16.
  • On Thursday, January 26th, Scott Davidson sold 2,841 shares of Hortonworks stock. The stock was sold at an average price of $9.05, for a total value of $25,711.05.

Shares of Hortonworks Inc (NASDAQ:HDP) opened at 9.96 on Tuesday. Hortonworks Inc has a 1-year low of $6.42 and a 1-year high of $13.12. The stock’s market capitalization is $412.02 million. The firm has a 50-day moving average price of $10.00 and a 200-day moving average price of $8.78.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, February 9th. The company reported ($0.50) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.10. Hortonworks had a negative return on equity of 294.33% and a negative net margin of 136.45%. The business earned $52 million during the quarter, compared to analysts’ expectations of $48.03 million. During the same period in the previous year, the firm posted ($0.72) earnings per share. The company’s revenue was up 38.9% on a year-over-year basis. On average, equities research analysts forecast that Hortonworks Inc will post ($1.82) earnings per share for the current year.

Insider Buying and Selling by Quarter for Hortonworks (NASDAQ:HDP)

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Several large investors have recently modified their holdings of HDP. Ellington Management Group LLC purchased a new stake in shares of Hortonworks during the fourth quarter worth $112,000. Bayesian Capital Management LP purchased a new stake in shares of Hortonworks during the fourth quarter worth $154,000. Royal Bank of Canada boosted its stake in shares of Hortonworks by 48.6% in the second quarter. Royal Bank of Canada now owns 30,856 shares of the company’s stock worth $330,000 after buying an additional 10,088 shares during the last quarter. PEAK6 Investments L.P. boosted its stake in shares of Hortonworks by 11.5% in the fourth quarter. PEAK6 Investments L.P. now owns 36,034 shares of the company’s stock worth $299,000 after buying an additional 3,714 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Hortonworks during the third quarter worth $1,227,000. 52.91% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on HDP. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Cowen and Company restated a “market perform” rating on shares of Hortonworks in a research note on Friday, December 9th. Drexel Hamilton upped their price objective on Hortonworks to $21.00 in a research note on Friday, February 10th. Mizuho upgraded Hortonworks from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Monday, January 30th. Finally, Wells Fargo & Co began coverage on Hortonworks in a research note on Wednesday, January 11th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Hortonworks presently has a consensus rating of “Buy” and an average target price of $15.00.

Hortonworks Company Profile

Hortonworks, Inc is a provider and distributor of an 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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