Hortonworks Inc (NASDAQ:HDP) insider Scott Reasoner sold 2,851 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $17.41, for a total transaction of $49,635.91. Following the completion of the sale, the insider now directly owns 233,181 shares of the company’s stock, valued at $4,059,681.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Scott Reasoner also recently made the following trade(s):
- On Thursday, May 31st, Scott Reasoner sold 878 shares of Hortonworks stock. The shares were sold at an average price of $17.42, for a total transaction of $15,294.76.
NASDAQ HDP opened at $18.74 on Friday. The stock has a market cap of $1.50 billion, a P/E ratio of -6.12 and a beta of 1.43. Hortonworks Inc has a 52-week low of $12.09 and a 52-week high of $22.00.
Hortonworks (NASDAQ:HDP) last posted its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.07. The firm had revenue of $79.06 million for the quarter, compared to analysts’ expectations of $75.26 million. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.50) earnings per share. analysts predict that Hortonworks Inc will post -2.14 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of HDP. Tremblant Capital Group acquired a new position in Hortonworks during the first quarter worth about $30,266,000. Park West Asset Management LLC grew its position in Hortonworks by 47.4% during the fourth quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock worth $42,231,000 after buying an additional 675,000 shares during the period. black and white Capital LP acquired a new position in Hortonworks during the fourth quarter worth about $10,055,000. Stanley Laman Group Ltd. grew its position in Hortonworks by 1,162.8% during the first quarter. Stanley Laman Group Ltd. now owns 460,703 shares of the software maker’s stock worth $9,385,000 after buying an additional 424,220 shares during the period. Finally, BlackRock Inc. grew its position in Hortonworks by 10.7% during the first quarter. BlackRock Inc. now owns 3,464,798 shares of the software maker’s stock worth $70,578,000 after buying an additional 333,763 shares during the period. Institutional investors own 66.56% of the company’s stock.
A number of brokerages have recently commented on HDP. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Nomura began coverage on shares of Hortonworks in a report on Thursday, June 14th. They issued a “buy” rating and a $26.00 target price for the company. ValuEngine raised shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Hortonworks in a report on Wednesday, May 23rd. Finally, Monness Crespi & Hardt raised shares of Hortonworks from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, May 21st. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Hortonworks presently has an average rating of “Buy” and an average price target of $22.87.
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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