Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 74,449 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $18.21, for a total value of $1,355,716.29. Following the transaction, the chief executive officer now directly owns 1,905,177 shares in the company, valued at approximately $34,693,273.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Hortonworks Inc (NASDAQ:HDP) opened at $18.22 on Wednesday. The firm has a market capitalization of $1,290.00, a price-to-earnings ratio of -5.88 and a beta of 1.52. Hortonworks Inc has a 52-week low of $9.10 and a 52-week high of $22.00.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, hitting the consensus estimate of ($0.24). The firm had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $70.44 million. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period last year, the business posted ($0.50) earnings per share. analysts predict that Hortonworks Inc will post -2.5 EPS for the current year.
A number of brokerages have weighed in on HDP. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, November 7th. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine raised Hortonworks from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and set a $23.00 price target on shares of Hortonworks in a research note on Wednesday, December 20th. Finally, Credit Suisse Group lowered Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.92.
ILLEGAL ACTIVITY WARNING: “Hortonworks Inc (HDP) CEO Sells $1,355,716.29 in Stock” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/02/21/hortonworks-inc-hdp-ceo-sells-1355716-29-in-stock.html.
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.
Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.