Insider Selling: Hortonworks Inc (HDP) CEO Sells $2,287,406.00 in Stock

Hortonworks Inc (NASDAQ:HDP) CEO Robert G. Bearden sold 120,200 shares of Hortonworks stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $19.03, for a total transaction of $2,287,406.00. Following the sale, the chief executive officer now directly owns 1,979,826 shares of the company’s stock, valued at approximately $37,676,088.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Hortonworks Inc (HDP) opened at $19.00 on Thursday. Hortonworks Inc has a 12 month low of $8.02 and a 12 month high of $20.66.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Hortonworks had a negative net margin of 89.35% and a negative return on equity of 765.37%. The business had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $63.11 million. During the same quarter in the previous year, the company earned ($0.68) EPS. The business’s revenue was up 45.3% on a year-over-year basis. sell-side analysts anticipate that Hortonworks Inc will post -2.98 earnings per share for the current fiscal year.

HDP has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Hortonworks in a report on Tuesday, September 5th. They set an “outperform” rating and a $20.00 target price for the company. Mizuho reaffirmed a “hold” rating and set a $14.00 target price on shares of Hortonworks in a report on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Hortonworks in a report on Sunday, September 10th. BidaskClub raised shares of Hortonworks from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 target price on shares of Hortonworks in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Hortonworks currently has a consensus rating of “Buy” and an average target price of $20.46.

A number of institutional investors have recently modified their holdings of the business. State Street Corp raised its position in shares of Hortonworks by 8.8% in the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after buying an additional 62,903 shares in the last quarter. Lyon Street Capital LLC raised its position in shares of Hortonworks by 27.0% in the 2nd quarter. Lyon Street Capital LLC now owns 272,095 shares of the software maker’s stock valued at $3,505,000 after buying an additional 57,845 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Hortonworks by 17.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 205,032 shares of the software maker’s stock valued at $2,012,000 after buying an additional 29,747 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Hortonworks in the 3rd quarter valued at approximately $420,000. Finally, Northern Trust Corp raised its position in shares of Hortonworks by 12.3% in the 2nd quarter. Northern Trust Corp now owns 573,682 shares of the software maker’s stock valued at $7,389,000 after buying an additional 62,673 shares in the last quarter. Institutional investors and hedge funds 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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