Hortonworks, Inc. (NASDAQ:HDP) insider Shaun Connolly sold 7,831 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $13.55, for a total transaction of $106,110.05. Following the transaction, the insider now directly owns 443,347 shares of the company’s stock, valued at $6,007,351.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shaun Connolly also recently made the following trade(s):
- On Tuesday, June 20th, Shaun Connolly sold 54,313 shares of Hortonworks stock. The shares were sold at an average price of $13.23, for a total transaction of $718,560.99.
- On Thursday, June 15th, Shaun Connolly sold 7,830 shares of Hortonworks stock. The shares were sold at an average price of $12.59, for a total transaction of $98,579.70.
- On Tuesday, June 6th, Shaun Connolly sold 10,654 shares of Hortonworks stock. The shares were sold at an average price of $12.61, for a total transaction of $134,346.94.
- On Tuesday, May 30th, Shaun Connolly sold 88,875 shares of Hortonworks stock. The shares were sold at an average price of $13.09, for a total transaction of $1,163,373.75.
- On Monday, May 15th, Shaun Connolly sold 7,831 shares of Hortonworks stock. The shares were sold at an average price of $13.48, for a total transaction of $105,561.88.
Hortonworks, Inc. (NASDAQ HDP) opened at 14.28 on Wednesday. The firm’s 50-day moving average is $13.01 and its 200-day moving average is $11.02. Hortonworks, Inc. has a 52-week low of $6.42 and a 52-week high of $15.00. The stock’s market cap is $590.72 million.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.93) by $0.05. The business had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $52.21 million. Hortonworks had a negative net margin of 120.94% and a negative return on equity of 765.37%. The business’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.68) earnings per share. Equities research analysts predict that Hortonworks, Inc. will post ($1.82) earnings per share for the current year.
HDP has been the subject of a number of recent research reports. Cowen and Company lifted their price objective on shares of Hortonworks from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. Northland Securities reissued a “buy” rating and issued a $24.00 price objective on shares of Hortonworks in a research note on Monday. Drexel Hamilton reissued a “buy” rating and issued a $21.00 price objective on shares of Hortonworks in a research note on Monday, May 15th. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Mizuho restated a “buy” rating and issued a $13.00 target price on shares of Hortonworks in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Hortonworks has an average rating of “Buy” and a consensus target price of $16.69.
Several hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock valued at $5,509,000 after buying an additional 30,180 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock valued at $557,000 after buying an additional 2,862 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Hortonworks by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,239,874 shares of the software maker’s stock valued at $12,076,000 after buying an additional 85,376 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Hortonworks by 48.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 68,400 shares of the software maker’s stock valued at $671,000 after buying an additional 22,400 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock valued at $5,668,000 after buying an additional 100,953 shares in the last quarter. 49.78% of the stock is currently owned by institutional investors and hedge funds.
About Hortonworks
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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