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

Hortonworks, Inc. (NASDAQ:HDP) insider Shaun Connolly sold 2,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $17.01, for a total value of $35,431.83. Following the completion of the transaction, the insider now directly owns 387,412 shares in the company, valued at approximately $6,589,878.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, August 25th, Shaun Connolly sold 66,664 shares of Hortonworks stock. The shares were sold at an average price of $16.06, for a total value of $1,070,623.84.
  • On Monday, August 14th, Shaun Connolly sold 5,370 shares of Hortonworks stock. The shares were sold at an average price of $14.43, for a total value of $77,489.10.
  • On Thursday, July 20th, Shaun Connolly sold 54,312 shares of Hortonworks stock. The shares were sold at an average price of $12.52, for a total value of $679,986.24.
  • On Friday, July 14th, Shaun Connolly sold 5,026 shares of Hortonworks stock. The shares were sold at an average price of $13.30, for a total value of $66,845.80.
  • On Monday, July 17th, Shaun Connolly sold 7,831 shares of Hortonworks stock. The shares were sold at an average price of $13.55, for a total value of $106,110.05.
  • On Tuesday, June 20th, Shaun Connolly sold 54,313 shares of Hortonworks stock. The shares were sold at an average price of $13.23, for a total value of $718,560.99.

Shares of Hortonworks, Inc. (HDP) traded up 1.46% on Friday, hitting $16.69. The stock had a trading volume of 985,327 shares. Hortonworks, Inc. has a 1-year low of $6.42 and a 1-year high of $17.70. The firm has a 50-day moving average of $15.51 and a 200 day moving average of $12.64. The company’s market capitalization is $690.42 million.

Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.87). Hortonworks had a negative net margin of 107.07% and a negative return on equity of 765.37%. The company had revenue of $61.83 million during the quarter, compared to analyst estimates of $57.62 million. During the same period in the previous year, the business earned ($0.72) earnings per share. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. On average, equities analysts anticipate that Hortonworks, Inc. will post ($1.72) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new position in Hortonworks in the second quarter worth $125,000. Legal & General Group Plc grew its position in Hortonworks by 8.1% in 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 in the last quarter. Princeton Alpha Management LP purchased a new position in Hortonworks in the first quarter worth $110,000. Oppenheimer Asset Management Inc. purchased a new position in Hortonworks in the first quarter worth $117,000. Finally, FNY Partners Fund LP purchased a new position in Hortonworks in the first quarter worth $117,000. Institutional investors own 49.62% of the company’s stock.

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Hortonworks in a research report on Sunday, September 10th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Credit Suisse Group assumed coverage on Hortonworks in a research report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price target on the stock. Barclays PLC increased their price target on Hortonworks from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Finally, ValuEngine raised Hortonworks from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.21.

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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