Hortonworks, Inc. (HDP) Insider Scott E. Gnau Sells 10,000 Shares
Hortonworks, Inc. (NASDAQ:HDP) insider Scott E. Gnau sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, the insider now directly owns 351,070 shares of the company’s stock, valued at $5,266,050. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Hortonworks, Inc. (HDP) traded up 0.88% during trading on Wednesday, hitting $14.91. The stock had a trading volume of 1,259,925 shares. Hortonworks, Inc. has a 1-year low of $6.42 and a 1-year high of $15.13. The firm has a 50 day moving average of $13.27 and a 200 day moving average of $11.36. The company’s market capitalization is $616.78 million.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.87). Hortonworks had a negative return on equity of 1,685.64% and a negative net margin of 107.07%. The firm had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $57.62 million. During the same quarter last year, the business earned ($0.72) earnings per share. The company’s revenue was up 41.6% compared to the same quarter last year. Analysts expect that Hortonworks, Inc. will post ($1.73) EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in HDP. Princeton Alpha Management LP acquired a new position in Hortonworks during the first quarter valued at $110,000. Oppenheimer Asset Management Inc. acquired a new position in Hortonworks during the first quarter valued at $117,000. FNY Partners Fund LP acquired a new position in Hortonworks during the first quarter valued at $117,000. Legal & General Group Plc boosted 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 valued at $144,000 after buying an additional 837 shares during the period. Finally, Edge Wealth Management LLC boosted its position in Hortonworks by 77.2% in the second quarter. Edge Wealth Management LLC now owns 14,350 shares of the software maker’s stock valued at $182,000 after buying an additional 6,250 shares during the period. Institutional investors and hedge funds own 50.19% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Sanford C. Bernstein began coverage on Hortonworks in a report on Wednesday, May 24th. They set an “outperform” rating and a $21.00 price objective on the stock. Wunderlich boosted their price objective on Hortonworks from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Hortonworks in a report on Thursday, May 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Hortonworks in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.77.
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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