Hortonworks Inc (HDP) Director Michelangelo Volpi Sells 252,633 Shares

Hortonworks Inc (NASDAQ:HDP) Director Michelangelo Volpi sold 252,633 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $18.38, for a total value of $4,643,394.54. Following the completion of the sale, the director now directly owns 10,838 shares of the company’s stock, valued at approximately $199,202.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michelangelo Volpi also recently made the following trade(s):

  • On Thursday, February 22nd, Michelangelo Volpi sold 561,692 shares of Hortonworks stock. The stock was sold at an average price of $18.51, for a total value of $10,396,918.92.

Shares of Hortonworks Inc (HDP) traded up $0.15 during trading hours on Friday, hitting $18.51. The stock had a trading volume of 685,600 shares, compared to its average volume of 677,508. Hortonworks Inc has a 1 year low of $9.10 and a 1 year high of $22.00. The stock has a market capitalization of $1,290.00, a PE ratio of -5.92 and a beta of 1.52.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $70.44 million. During the same quarter in the previous year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. equities analysts expect that Hortonworks Inc will post -2.5 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on HDP shares. Barclays downgraded Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a report on Monday, January 8th. Mizuho reissued a “buy” rating and issued a $23.00 price target (up previously from $14.00) on shares of Hortonworks in a report on Thursday, January 11th. Drexel Hamilton reissued a “buy” rating and issued a $26.00 price target on shares of Hortonworks in a report on Monday, November 6th. 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 report on Tuesday, November 7th. Finally, Credit Suisse Group downgraded Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Hortonworks currently has a consensus rating of “Buy” and a consensus target price of $21.92.

Large investors have recently made changes to their positions in the company. AXA purchased a new position in shares of Hortonworks in the fourth quarter worth about $209,000. UBS Asset Management Americas Inc. raised its stake in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after purchasing an additional 1,700 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Hortonworks in the fourth quarter worth about $255,000. New Jersey Better Educational Savings Trust purchased a new position in shares of Hortonworks in the third quarter worth about $237,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hortonworks in the fourth quarter worth about $327,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

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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.

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

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