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

Hortonworks Inc (NASDAQ:HDP) traded down $0.41 during mid-day trading on Thursday, reaching $19.86. The company’s stock had a trading volume of 554,216 shares, compared to its average volume of 881,970. Hortonworks Inc has a 12 month low of $8.02 and a 12 month high of $20.66.

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

HDP has been the topic of several research analyst reports. Barclays raised their price objective on Hortonworks from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, August 25th. Credit Suisse Group initiated coverage on Hortonworks in a research note on Tuesday, September 5th. They set an “outperform” rating and a $20.00 price objective on the stock. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Hortonworks in a research note on Sunday, September 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $16.00 price objective on shares of Hortonworks in a research note on Sunday, September 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hortonworks has a consensus rating of “Buy” and an average price target of $20.85.

A number of hedge funds have recently bought and sold shares of HDP. Nikko Asset Management Americas Inc. lifted its stake in Hortonworks by 885.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 674,100 shares of the software maker’s stock valued at $8,682,000 after buying an additional 605,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Hortonworks by 862.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,500 shares of the software maker’s stock valued at $8,378,000 after buying an additional 582,900 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hortonworks by 13.6% during the second quarter. Vanguard Group Inc. now owns 3,257,682 shares of the software maker’s stock valued at $41,959,000 after purchasing an additional 389,514 shares during the period. Broadview Advisors LLC acquired a new position in shares of Hortonworks during the second quarter valued at $4,485,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Hortonworks during the third quarter valued at $5,094,000. Institutional investors own 58.81% of the company’s stock.

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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.

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