Scott E. Gnau Sells 24,000 Shares of Hortonworks Inc (HDP) Stock

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 institutional investors and hedge funds have recently made changes to their positions in HDP. ETF Managers Group LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at approximately $125,000. Legal & General Group Plc raised its position in shares of Hortonworks by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Hortonworks by 15.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of Hortonworks in the 2nd quarter valued at approximately $170,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hortonworks in the 2nd quarter valued at approximately $173,000. 58.81% of the stock is currently owned by institutional investors.

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.

COPYRIGHT VIOLATION NOTICE: “Scott E. Gnau Sells 24,000 Shares of Hortonworks Inc (HDP) Stock” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/12/13/hortonworks-inc-hdp-cto-sells-464400-00-in-stock.html.

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)

Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply