Insider Selling: Hortonworks Inc (HDP) CEO Sells 54,600 Shares of Stock

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Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 54,600 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $21.22, for a total value of $1,158,612.00. Following the sale, the chief executive officer now owns 1,191,184 shares in the company, valued at approximately $25,276,924.48. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ HDP traded up $1.26 on Friday, hitting $25.50. 2,042,714 shares of the company were exchanged, compared to its average volume of 1,105,989. Hortonworks Inc has a twelve month low of $15.50 and a twelve month high of $26.22. The company has a market cap of $2.01 billion, a PE ratio of -8.33 and a beta of 1.51.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.11. The firm had revenue of $86.34 million during the quarter, compared to analyst estimates of $80.34 million. research analysts forecast that Hortonworks Inc will post -1.98 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Monness Crespi & Hardt raised Hortonworks from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, May 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a report on Wednesday, May 23rd. ValuEngine raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Nomura began coverage on Hortonworks in a research note on Thursday, June 14th. They set a “buy” rating and a $26.00 price objective for the company. Finally, BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.17.

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in Hortonworks during the second quarter worth $226,000. Global X Management Co LLC acquired a new stake in shares of Hortonworks in the second quarter valued at $156,000. Verition Fund Management LLC bought a new position in Hortonworks in the first quarter valued at about $211,000. Amalgamated Bank bought a new position in Hortonworks in the second quarter valued at about $192,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hortonworks in the second quarter valued at about $202,000. 81.33% of the stock is owned by hedge funds and other institutional investors.

About Hortonworks

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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