Hortonworks Inc (NASDAQ:HDP) insider Shaun Connolly sold 19,357 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $9.46, for a total value of $183,117.22. Following the sale, the insider now owns 586,922 shares of the company’s stock, valued at approximately $5,552,282.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shaun Connolly also recently made the following trade(s):
- On Tuesday, February 14th, Shaun Connolly sold 10,740 shares of Hortonworks stock. The shares were sold at an average price of $10.09, for a total value of $108,366.60.
- On Wednesday, February 15th, Shaun Connolly sold 18,570 shares of Hortonworks stock. The stock was sold at an average price of $10.23, for a total value of $189,971.10.
- On Monday, February 6th, Shaun Connolly sold 46,983 shares of Hortonworks stock. The stock was sold at an average price of $10.00, for a total value of $469,830.00.
- On Thursday, January 26th, Shaun Connolly sold 3,551 shares of Hortonworks stock. The stock was sold at an average price of $9.05, for a total value of $32,136.55.
Hortonworks Inc (NASDAQ:HDP) opened at 9.96 on Tuesday. Hortonworks Inc has a 1-year low of $6.42 and a 1-year high of $13.12. The firm’s market cap is $412.02 million. The firm has a 50 day moving average of $10.00 and a 200 day moving average of $8.78.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.50) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.10. The company had revenue of $52 million for the quarter, compared to the consensus estimate of $48.03 million. Hortonworks had a negative net margin of 136.45% and a negative return on equity of 294.33%. Hortonworks’s revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.72) earnings per share. On average, equities research analysts expect that Hortonworks Inc will post ($1.82) EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. Allianz Asset Management AG increased its position in shares of Hortonworks by 30.1% in the fourth quarter. Allianz Asset Management AG now owns 1,755,403 shares of the company’s stock worth $14,587,000 after buying an additional 406,170 shares in the last quarter. PEAK6 Investments L.P. increased its position in shares of Hortonworks by 11.5% in the fourth quarter. PEAK6 Investments L.P. now owns 36,034 shares of the company’s stock worth $299,000 after buying an additional 3,714 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Hortonworks during the fourth quarter worth approximately $154,000. State Street Corp increased its position in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the company’s stock worth $5,509,000 after buying an additional 30,180 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Hortonworks during the fourth quarter worth approximately $3,887,000. 52.91% of the stock is currently owned by institutional investors.
HDP has been the subject of a number of research analyst reports. Cowen and Company restated a “market perform” rating on shares of Hortonworks in a research note on Friday, December 9th. Zacks Investment Research raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Wednesday, January 4th. Wells Fargo & Co initiated coverage on Hortonworks in a research report on Wednesday, January 11th. They set an “outperform” rating on the stock. Mizuho raised Hortonworks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a research report on Monday, January 30th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $18.00 price target on shares of Hortonworks in a research report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $15.00.
Hortonworks, Inc is a provider and distributor of an 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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