Robert G. Bearden Sells 120,200 Shares of Hortonworks, Inc. (HDP) Stock

Hortonworks, Inc. (NASDAQ:HDP) CEO Robert G. Bearden sold 120,200 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $19.03, for a total transaction of $2,287,406.00. Following the completion of the sale, the chief executive officer now owns 1,979,826 shares in the company, valued at approximately $37,676,088.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Hortonworks, Inc. (NASDAQ HDP) opened at $18.66 on Wednesday. Hortonworks, Inc. has a twelve month low of $8.02 and a twelve month high of $20.66.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations 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 prior year, the company posted ($0.68) earnings per share. research analysts forecast that Hortonworks, Inc. will post -2.98 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in Hortonworks by 37.4% during the third quarter. Cubist Systematic Strategies LLC now owns 25,854 shares of the software maker’s stock valued at $438,000 after purchasing an additional 7,043 shares during the last quarter. Jane Street Group LLC bought a new position in Hortonworks during the third quarter valued at $647,000. Allianz Asset Management GmbH lifted its position in Hortonworks by 8.3% during the third quarter. Allianz Asset Management GmbH now owns 1,342,579 shares of the software maker’s stock valued at $22,757,000 after purchasing an additional 102,396 shares during the last quarter. Engineers Gate Manager LP lifted its position in Hortonworks by 3.4% during the third quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock valued at $1,656,000 after purchasing an additional 3,214 shares during the last quarter. Finally, Elk Creek Partners LLC bought a new position in Hortonworks during the third quarter valued at $3,152,000. 58.81% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. Cowen reiterated a “market perform” rating and issued a $14.00 target price (up previously from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, November 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 target price on shares of Hortonworks in a research note on Sunday, September 17th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $22.00 target price on shares of Hortonworks in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.46.

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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.

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

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