Scott Davidson Sells 49,539 Shares of Hortonworks Inc (HDP) Stock

Hortonworks Inc (NASDAQ:HDP) insider Scott Davidson sold 49,539 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $20.74, for a total value of $1,027,438.86. Following the sale, the insider now owns 936,011 shares of the company’s stock, valued at approximately $19,412,868.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Scott Davidson also recently made the following trade(s):

  • On Friday, December 15th, Scott Davidson sold 45,630 shares of Hortonworks stock. The shares were sold at an average price of $19.92, for a total value of $908,949.60.
  • On Monday, December 4th, Scott Davidson sold 18,068 shares of Hortonworks stock. The shares were sold at an average price of $18.41, for a total value of $332,631.88.
  • On Thursday, November 9th, Scott Davidson sold 16,307 shares of Hortonworks stock. The shares were sold at an average price of $18.00, for a total value of $293,526.00.

Hortonworks Inc (NASDAQ HDP) opened at $20.83 on Friday. Hortonworks Inc has a 1 year low of $8.74 and a 1 year high of $22.00. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of -6.18 and a beta of 1.66.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. lifted its position in shares of Hortonworks by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 98,826 shares of the software maker’s stock valued at $1,273,000 after buying an additional 750 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Hortonworks by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares during the last quarter. Rock Point Advisors LLC lifted its position in shares of Hortonworks by 0.3% during the 2nd quarter. Rock Point Advisors LLC now owns 353,430 shares of the software maker’s stock valued at $4,552,000 after buying an additional 965 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Hortonworks by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 84,780 shares of the software maker’s stock valued at $1,092,000 after buying an additional 1,200 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Hortonworks by 15.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock valued at $160,000 after buying an additional 1,700 shares during the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

HDP has been the subject of several recent research reports. Drexel Hamilton restated a “buy” rating and set a $22.00 price objective on shares of Hortonworks in a report on Thursday, September 21st. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Hortonworks in a report on Sunday, September 17th. Northland Securities reiterated a “buy” rating and set a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Hortonworks in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.23.

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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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