Hortonworks Inc (NASDAQ:HDP) insider Scott Davidson sold 45,630 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $19.92, for a total transaction of $908,949.60. Following the sale, the insider now owns 985,550 shares in the company, valued at approximately $19,632,156. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, December 4th, Scott Davidson sold 18,068 shares of Hortonworks stock. The shares were sold at an average price of $18.41, for a total transaction of $332,631.88.
  • On Thursday, November 9th, Scott Davidson sold 16,307 shares of Hortonworks stock. The shares were sold at an average price of $18.00, for a total transaction of $293,526.00.

Hortonworks Inc (HDP) traded down $0.89 during mid-day trading on Wednesday, reaching $20.10. 609,900 shares of the company’s stock traded hands, compared to its average volume of 821,608. Hortonworks Inc has a 12 month low of $8.02 and a 12 month high of $21.00.

Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.24) EPS 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 the consensus estimate of $63.11 million. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The company’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 firm posted ($0.68) earnings per share. sell-side analysts predict that Hortonworks Inc will post -2.98 EPS for the current fiscal year.

Several research analysts have weighed in on HDP shares. BidaskClub upgraded shares of Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Barclays upped their price objective on shares of Hortonworks from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of Hortonworks in a research note on Friday, November 3rd. Credit Suisse Group started coverage on shares of Hortonworks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $22.00 price objective on shares of Hortonworks in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hortonworks currently has a consensus rating of “Buy” and an average price target of $20.85.

Hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in Hortonworks by 8.8% in the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after acquiring an additional 62,903 shares in the last quarter. Elk Creek Partners LLC bought a new stake in shares of Hortonworks during the 3rd quarter worth $3,152,000. Citadel Advisors LLC boosted its holdings in shares of Hortonworks by 66.7% during the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock worth $4,523,000 after buying an additional 106,777 shares during the period. Lyon Street Capital LLC boosted its holdings in shares of Hortonworks by 27.0% during the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock worth $3,505,000 after buying an additional 57,845 shares during the period. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Hortonworks during the 3rd quarter worth $1,333,000. 57.60% of the stock is owned by institutional investors.

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Hortonworks Company Profile

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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