Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 144,027 shares of Hortonworks stock in a transaction on Monday, December 11th. The stock was sold at an average price of $19.66, for a total transaction of $2,831,570.82. Following the transaction, the chief executive officer now directly owns 2,123,653 shares of the company’s stock, valued at approximately $41,751,017.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hortonworks Inc (HDP) opened at $19.86 on Friday. Hortonworks Inc has a 12-month low of $8.02 and a 12-month high of $20.66.

Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The company had revenue of $69.00 million for the quarter, compared to analyst estimates of $63.11 million. During the same period last year, the firm earned ($0.68) earnings per share. The firm’s revenue was up 45.3% on a year-over-year basis. sell-side analysts forecast that Hortonworks Inc will post -2.98 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in HDP. ETF Managers Group LLC bought a new stake in shares of Hortonworks in the second quarter valued at approximately $125,000. Legal & General Group Plc raised its position in shares of Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after purchasing an additional 837 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after purchasing an additional 1,700 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Hortonworks in the second quarter valued at approximately $170,000. Finally, Quantbot Technologies LP bought a new stake in shares of Hortonworks in the second quarter valued at approximately $173,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on HDP. Rosenblatt Securities reissued a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research note on Tuesday. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, November 7th. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Drexel Hamilton reiterated a “buy” rating and set a $22.00 price objective on shares of Hortonworks in a report on Thursday, September 21st. Finally, Northland Securities reiterated a “buy” rating and set a $24.00 price objective on shares of Hortonworks in a report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Hortonworks has a consensus rating of “Buy” and an average price target of $20.85.

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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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