Hortonworks Inc (NASDAQ:HDP) CTO Scott E. Gnau sold 24,000 shares of Hortonworks stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $19.35, for a total transaction of $464,400.00. Following the completion of the transaction, the chief technology officer now owns 253,743 shares in the company, valued at $4,909,927.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Hortonworks Inc (HDP) traded up $0.51 during trading hours on Wednesday, hitting $20.27. The stock had a trading volume of 690,748 shares, compared to its average volume of 824,547. Hortonworks Inc has a 1-year low of $8.02 and a 1-year high of $20.66.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share 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 return on equity of 765.37% and a negative net margin of 89.35%. Hortonworks’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.68) EPS. research analysts expect that Hortonworks Inc will post -2.98 earnings per share for the current fiscal year.
Several brokerages have commented on HDP. Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research report on Tuesday. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and set a $26.00 price target on shares of Hortonworks in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of Hortonworks in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.85.
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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