Insider Selling: Hortonworks Inc (HDP) CEO Sells 109,200 Shares of Stock
Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 109,200 shares of the stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $23.06, for a total value of $2,518,152.00. Following the sale, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at $27,468,703.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ HDP traded down $0.20 on Thursday, hitting $22.53. 1,311,200 shares of the stock traded hands, compared to its average volume of 1,028,751. Hortonworks Inc has a 12 month low of $15.50 and a 12 month high of $26.22. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -7.36 and a beta of 1.51.
Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.11. The firm had revenue of $86.34 million for the quarter, compared to the consensus estimate of $80.34 million. equities research analysts anticipate that Hortonworks Inc will post -1.99 earnings per share for the current fiscal year.
A number of analysts recently commented on HDP shares. Zacks Investment Research downgraded Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. ValuEngine raised Hortonworks from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Wells Fargo & Co increased their price target on Hortonworks to $32.50 and gave the company an “outperform” rating in a research report on Friday, September 14th. Finally, Nomura started coverage on Hortonworks in a research report on Thursday, June 14th. They set a “buy” rating and a $26.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.17.
Hortonworks Company Profile
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.
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