Scott E. Gnau Sells 15,000 Shares of Hortonworks, Inc. (HDP) Stock

Hortonworks, Inc. (NASDAQ:HDP) insider Scott E. Gnau sold 15,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $20.01, for a total transaction of $300,150.00. Following the completion of the transaction, the insider now owns 277,743 shares in the company, valued at $5,557,637.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Hortonworks, Inc. (HDP) traded up $0.02 during mid-day trading on Friday, hitting $19.03. 703,766 shares of the company were exchanged, compared to its average volume of 836,607. Hortonworks, Inc. has a 12 month low of $8.02 and a 12 month high of $20.66.

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

A number of research firms have weighed in on HDP. ValuEngine upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen reiterated a “market perform” rating and issued a $14.00 target price (up from $11.00) on shares of Hortonworks in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Hortonworks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research note on Friday, November 3rd. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $26.00 target price on shares of Hortonworks in a research note on Monday, November 6th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks presently has a consensus rating of “Buy” and a consensus target price of $20.46.

Hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new stake in shares of Hortonworks during the 2nd quarter valued at approximately $125,000. Legal & General Group Plc lifted its stake in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Hortonworks during the 2nd quarter valued at approximately $170,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Hortonworks during the 2nd quarter valued at approximately $173,000. Institutional investors own 58.91% of the company’s stock.

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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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