Hortonworks Inc (HDP) CEO Robert G. Bearden Sells 250,000 Shares
Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 250,000 shares of Hortonworks stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.78, for a total value of $4,195,000.00. Following the completion of the transaction, the chief executive officer now owns 2,128,525 shares in the company, valued at $35,716,649.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Hortonworks Inc (HDP) opened at 16.25 on Wednesday. The firm’s 50-day moving average price is $15.18 and its 200-day moving average price is $12.49. The firm’s market capitalization is $672.21 million. Hortonworks Inc has a 12-month low of $6.42 and a 12-month high of $17.70.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.87). The company had revenue of $61.83 million during the quarter, compared to the consensus estimate of $57.62 million. The firm’s revenue was up 41.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.72) earnings per share. Equities analysts predict that Hortonworks Inc will post ($1.72) earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in HDP. Princeton Alpha Management LP bought a new position in shares of Hortonworks during the first quarter worth approximately $110,000. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter worth approximately $117,000. FNY Partners Fund LP bought a new position in shares of Hortonworks during the first quarter worth approximately $117,000. ETF Managers Group LLC bought a new position in shares of Hortonworks during the second quarter worth approximately $125,000. Finally, Legal & General Group Plc increased its holdings in shares of 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 purchasing an additional 837 shares during the period. 49.62% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on HDP shares. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Mizuho lowered Hortonworks from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 25th. Needham & Company LLC started coverage on Hortonworks in a research note on Tuesday, July 25th. They issued a “buy” rating and a $25.00 price objective on the stock. Drexel Hamilton reiterated a “buy” rating and issued a $21.00 price objective on shares of Hortonworks in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $21.00 price objective on shares of Hortonworks in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.21.
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.
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