Hortonworks Inc (NASDAQ:HDP) insider Scott Reasoner sold 672 shares of Hortonworks stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $16.02, for a total value of $10,765.44. Following the completion of the transaction, the insider now owns 143,089 shares of the company’s stock, valued at $2,292,285.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, November 28th, Scott Reasoner sold 4,782 shares of Hortonworks stock. The shares were sold at an average price of $15.69, for a total value of $75,029.58.
  • On Monday, November 19th, Scott Reasoner sold 3,605 shares of Hortonworks stock. The shares were sold at an average price of $15.74, for a total value of $56,742.70.
  • On Wednesday, November 21st, Scott Reasoner sold 8,387 shares of Hortonworks stock. The shares were sold at an average price of $14.80, for a total value of $124,127.60.
  • On Thursday, October 25th, Scott Reasoner sold 1,361 shares of Hortonworks stock. The shares were sold at an average price of $16.86, for a total value of $22,946.46.
  • On Thursday, October 18th, Scott Reasoner sold 3,049 shares of Hortonworks stock. The shares were sold at an average price of $19.71, for a total value of $60,095.79.
  • On Wednesday, October 10th, Scott Reasoner sold 4,174 shares of Hortonworks stock. The shares were sold at an average price of $22.35, for a total value of $93,288.90.
  • On Tuesday, October 2nd, Scott Reasoner sold 1,362 shares of Hortonworks stock. The shares were sold at an average price of $22.01, for a total value of $29,977.62.
  • On Tuesday, September 25th, Scott Reasoner sold 4,166 shares of Hortonworks stock. The shares were sold at an average price of $22.75, for a total value of $94,776.50.
  • On Thursday, September 27th, Scott Reasoner sold 9,238 shares of Hortonworks stock. The shares were sold at an average price of $22.81, for a total value of $210,718.78.
  • On Monday, September 17th, Scott Reasoner sold 3,126 shares of Hortonworks stock. The shares were sold at an average price of $25.02, for a total value of $78,212.52.

HDP opened at $15.94 on Friday. The company has a market cap of $1.43 billion, a PE ratio of -5.21 and a beta of 1.67. Hortonworks Inc has a twelve month low of $13.63 and a twelve month high of $26.22.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.37) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.11. The business had revenue of $87.20 million for the quarter, compared to the consensus estimate of $87.07 million. During the same period last year, the firm posted ($0.24) EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. On average, sell-side analysts forecast that Hortonworks Inc will post -1.81 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in Hortonworks during the third quarter worth approximately $40,247,000. Vanguard Group Inc. raised its holdings in Hortonworks by 8.4% during the third quarter. Vanguard Group Inc. now owns 8,663,161 shares of the software maker’s stock worth $197,607,000 after purchasing an additional 670,844 shares in the last quarter. Morgan Stanley raised its holdings in Hortonworks by 36.2% during the third quarter. Morgan Stanley now owns 1,081,165 shares of the software maker’s stock worth $24,662,000 after purchasing an additional 287,544 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Hortonworks by 8.1% during the third quarter. TIAA CREF Investment Management LLC now owns 624,133 shares of the software maker’s stock worth $14,236,000 after purchasing an additional 46,628 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Hortonworks by 31.7% during the third quarter. Advisors Asset Management Inc. now owns 16,350 shares of the software maker’s stock worth $373,000 after purchasing an additional 3,936 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on HDP. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a report on Saturday, November 10th. Nomura set a $26.00 price target on Hortonworks and gave the company a “buy” rating in a report on Thursday. ValuEngine cut Hortonworks from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Citigroup set a $33.00 price target on Hortonworks and gave the company a “buy” rating in a report on Friday, November 9th. Finally, DA Davidson lifted their price target on Hortonworks from $24.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.27.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.watchlistnews.com/hortonworks-inc-hdp-insider-scott-reasoner-sells-672-shares/2670769.html.

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.

See Also: What is a stock buyback?

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

Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.