Hortonworks, Inc. (HDP) Insider Shaun Connolly Sells 2,083 Shares of Stock

Hortonworks, Inc. (NASDAQ:HDP) insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.23, for a total transaction of $37,973.09. Following the completion of the sale, the insider now directly owns 366,988 shares in the company, valued at approximately $6,690,191.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shaun Connolly also recently made the following trade(s):

  • On Monday, October 16th, Shaun Connolly sold 13,644 shares of Hortonworks stock. The stock was sold at an average price of $16.43, for a total transaction of $224,170.92.
  • On Monday, October 9th, Shaun Connolly sold 8,864 shares of Hortonworks stock. The stock was sold at an average price of $16.77, for a total transaction of $148,649.28.
  • On Tuesday, September 12th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The stock was sold at an average price of $17.01, for a total transaction of $35,431.83.
  • On Friday, August 25th, Shaun Connolly sold 66,664 shares of Hortonworks stock. The stock was sold at an average price of $16.06, for a total transaction of $1,070,623.84.

Shares of Hortonworks, Inc. (NASDAQ HDP) traded down $0.01 during midday trading on Friday, hitting $19.47. 659,752 shares of the stock traded hands, compared to its average volume of 828,843. Hortonworks, Inc. has a 52-week low of $8.02 and a 52-week high of $19.53.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same quarter in the prior year, the business earned ($0.68) earnings per share. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. sell-side analysts forecast that Hortonworks, Inc. will post -2.98 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its holdings in shares of 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 period. Jane Street Group LLC acquired a new position in shares of Hortonworks during the third quarter valued at about $647,000. Allianz Asset Management GmbH raised its holdings in shares of 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 period. Engineers Gate Manager LP raised its holdings in shares of Hortonworks by 3.4% in the 3rd quarter. Engineers Gate Manager LP now owns 97,705 shares of the software maker’s stock worth $1,656,000 after acquiring an additional 3,214 shares during the last quarter. Finally, Elk Creek Partners LLC acquired a new stake in shares of Hortonworks in the 3rd quarter worth about $3,152,000. Hedge funds and other institutional investors own 48.04% of the company’s stock.

Several analysts recently weighed in on HDP shares. Credit Suisse Group started coverage on shares of Hortonworks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Needham & Company LLC began coverage on shares of Hortonworks in a research report on Tuesday, July 25th. They set a “buy” rating and a $25.00 price target on the stock. Drexel Hamilton reaffirmed a “buy” rating and set a $21.00 price target on shares of Hortonworks in a research report on Saturday, July 22nd. Mizuho reaffirmed a “hold” rating and set a $14.00 price target on shares of Hortonworks in a research report on Thursday, November 2nd. Finally, BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.46.

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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