Stock Traders Buy High Volume of Hortonworks Call Options (HDP)
Hortonworks Inc (NASDAQ:HDP) saw some unusual options trading activity on Wednesday. Traders purchased 11,278 call options on the company. This represents an increase of 4,720% compared to the typical volume of 234 call options.
In other news, insider Scott Reasoner sold 6,250 shares of Hortonworks stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.39, for a total transaction of $121,187.50. Following the completion of the sale, the insider now directly owns 237,678 shares in the company, valued at approximately $4,608,576.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shaun Connolly sold 2,084 shares of Hortonworks stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $19.64, for a total transaction of $40,929.76. Following the sale, the insider now owns 246,933 shares of the company’s stock, valued at $4,849,764.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 655,080 shares of company stock valued at $12,778,675. Insiders own 22.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HDP. Park West Asset Management LLC grew its stake in Hortonworks by 47.4% in the 4th quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock worth $42,231,000 after acquiring an additional 675,000 shares during the period. black and white Capital LP purchased a new stake in Hortonworks in the 4th quarter worth approximately $10,055,000. Vanguard Group Inc. grew its stake in Hortonworks by 13.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock worth $41,959,000 after acquiring an additional 389,514 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Hortonworks by 51.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 985,918 shares of the software maker’s stock worth $16,711,000 after acquiring an additional 335,418 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Hortonworks in the 3rd quarter worth approximately $5,094,000. 57.02% of the stock is owned by hedge funds and other institutional investors.
Hortonworks (NASDAQ:HDP) last released its earnings results on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $70.44 million. The firm’s revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.50) earnings per share. equities analysts predict that Hortonworks will post -2.5 EPS for the current year.
A number of research firms have recently issued reports on HDP. Drexel Hamilton reiterated a “buy” rating and set a $26.00 price target on shares of Hortonworks in a research report on Monday, November 6th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a research report on Friday, November 3rd. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Hortonworks currently has a consensus rating of “Buy” and an average price target of $21.92.
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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.
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