Shaun Connolly Sells 2,083 Shares of Hortonworks Inc (HDP) Stock

Hortonworks Inc (NASDAQ:HDP) insider Shaun Connolly sold 2,083 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $20.92, for a total value of $43,576.36. Following the completion of the transaction, the insider now owns 238,069 shares in the company, valued at approximately $4,980,403.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

Hortonworks Inc (NASDAQ:HDP) traded up $0.21 during mid-day trading on Thursday, hitting $20.66. The stock had a trading volume of 780,000 shares, compared to its average volume of 667,591. Hortonworks Inc has a 52 week low of $8.80 and a 52 week high of $22.00. The company has a market capitalization of $1,442.39, a price-to-earnings ratio of -6.13 and a beta of 1.66.

Hortonworks (NASDAQ:HDP) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.16. The company had revenue of $69.00 million during the quarter, compared to the consensus estimate of $63.11 million. The firm’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.68) EPS. equities analysts predict that Hortonworks Inc will post -2.98 earnings per share for the current fiscal year.

HDP has been the topic of several recent research reports. Northland Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Royal Bank of Canada reiterated a “buy” rating on shares of Hortonworks in a report on Wednesday, October 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Hortonworks in a report on Tuesday, December 12th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, November 7th. Finally, BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Hortonworks presently has a consensus rating of “Buy” and an average target price of $21.92.

Institutional investors have recently modified their holdings of the stock. ETF Managers Group LLC bought a new stake in Hortonworks during the second quarter worth $125,000. Legal & General Group Plc lifted its holdings in Hortonworks by 8.1% during the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock worth $144,000 after acquiring an additional 837 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Hortonworks by 15.9% during the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after acquiring an additional 1,700 shares during the period. Gotham Asset Management LLC bought a new stake in Hortonworks during the second quarter worth $170,000. Finally, Quantbot Technologies LP bought a new stake in Hortonworks during the second quarter worth $173,000. Institutional investors and hedge funds own 57.60% 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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