Shaun Connolly Sells 7,102 Shares of Hortonworks Inc (HDP) Stock

Hortonworks Inc (NASDAQ:HDP) insider Shaun Connolly sold 7,102 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $19.22, for a total transaction of $136,500.44. Following the completion of the sale, the insider now directly owns 262,282 shares in the company, valued at approximately $5,041,060.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, January 12th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The shares were sold at an average price of $20.92, for a total transaction of $43,576.36.
  • On Monday, January 8th, Shaun Connolly sold 8,863 shares of Hortonworks stock. The shares were sold at an average price of $19.68, for a total transaction of $174,423.84.
  • On Tuesday, December 12th, Shaun Connolly sold 2,084 shares of Hortonworks stock. The shares were sold at an average price of $19.64, for a total transaction of $40,929.76.
  • On Monday, November 13th, Shaun Connolly sold 2,083 shares of Hortonworks stock. The shares were sold at an average price of $18.23, for a total transaction of $37,973.09.

Hortonworks Inc (NASDAQ:HDP) opened at $17.15 on Friday. Hortonworks Inc has a 12-month low of $9.10 and a 12-month high of $22.00.

Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.24). The company had revenue of $75.01 million for the quarter, compared to analyst estimates of $70.44 million. During the same quarter in the previous year, the company posted ($0.50) earnings per share. Hortonworks’s revenue for the quarter was up 44.4% on a year-over-year basis. research analysts expect that Hortonworks Inc will post -2.48 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Elk Creek Partners LLC acquired a new position in shares of Hortonworks during the third quarter worth approximately $3,152,000. State Street Corp lifted its position in shares of Hortonworks by 8.8% during the second quarter. State Street Corp now owns 779,256 shares of the software maker’s stock worth $10,036,000 after purchasing an additional 62,903 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Hortonworks by 66.7% during the third quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock worth $4,523,000 after purchasing an additional 106,777 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of Hortonworks during the third quarter worth approximately $1,333,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hortonworks during the third quarter worth approximately $420,000. Institutional investors own 57.47% of the company’s stock.

HDP has been the topic of a number of analyst reports. Barclays cut shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a research note on Monday, January 8th. Mizuho restated a “buy” rating and issued a $23.00 price target (up from $14.00) on shares of Hortonworks in a research report on Thursday, January 11th. Drexel Hamilton restated a “buy” rating and issued a $26.00 price target on shares of Hortonworks in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Credit Suisse Group lowered shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Hortonworks currently has an average rating of “Buy” and a consensus target price of $21.92.

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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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