Hortonworks, Inc. (NASDAQ:HDP) insider Shaun Connolly sold 54,313 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $13.23, for a total value of $718,560.99. Following the completion of the sale, the insider now owns 452,969 shares of the company’s stock, valued at $5,992,779.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shaun Connolly also recently made the following trade(s):
- On Thursday, June 15th, Shaun Connolly sold 7,830 shares of Hortonworks stock. The shares were sold at an average price of $12.59, for a total value of $98,579.70.
- On Tuesday, June 6th, Shaun Connolly sold 10,654 shares of Hortonworks stock. The shares were sold at an average price of $12.61, for a total value of $134,346.94.
- On Tuesday, May 30th, Shaun Connolly sold 88,875 shares of Hortonworks stock. The shares were sold at an average price of $13.09, for a total value of $1,163,373.75.
- On Monday, May 15th, Shaun Connolly sold 7,831 shares of Hortonworks stock. The shares were sold at an average price of $13.48, for a total value of $105,561.88.
Shares of Hortonworks, Inc. (HDP) traded down 0.07% during mid-day trading on Thursday, reaching $13.51. The company’s stock had a trading volume of 688,316 shares. Hortonworks, Inc. has a 12 month low of $6.42 and a 12 month high of $13.89. The company’s 50-day moving average is $12.49 and its 200 day moving average is $10.37. The firm’s market cap is $558.87 million.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.88) EPS for the quarter, beating the consensus estimate of ($0.93) by $0.05. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $52.21 million. Hortonworks had a negative net margin of 120.94% and a negative return on equity of 765.37%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.68) earnings per share. On average, equities analysts anticipate that Hortonworks, Inc. will post ($1.81) EPS for the current year.
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A number of research firms recently weighed in on HDP. Mizuho downgraded Hortonworks from a “buy” rating to a “neutral” rating and increased their price objective for the company from $13.00 to $14.00 in a report on Thursday, May 25th. Drexel Hamilton restated a “buy” rating and issued a $21.00 price objective on shares of Hortonworks in a report on Monday, May 15th. Wunderlich increased their price objective on Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Cowen and Company increased their price objective on Hortonworks from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Finally, Sanford C. Bernstein began coverage on Hortonworks in a report on Wednesday, May 24th. They issued an “outperform” rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Hortonworks has an average rating of “Buy” and a consensus price target of $15.45.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Hortonworks during the fourth quarter valued at approximately $3,887,000. 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 software maker’s stock valued at $14,587,000 after buying an additional 406,170 shares during the period. Capital Fund Management S.A. purchased a new position in shares of Hortonworks during the first quarter valued at approximately $198,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Hortonworks during the first quarter valued at approximately $294,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Hortonworks by 50.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,600 shares of the software maker’s stock valued at $663,000 after buying an additional 22,600 shares during the period. 49.80% of the stock is owned by hedge funds and other institutional investors.
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.
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