Hortonworks Inc (NASDAQ:HDP) Director Michelangelo Volpi sold 133,499 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.54, for a total value of $2,475,071.46. Following the sale, the director now directly owns 10,838 shares in the company, valued at $200,936.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michelangelo Volpi also recently made the following trade(s):
- On Tuesday, February 20th, Michelangelo Volpi sold 252,633 shares of Hortonworks stock. The shares were sold at an average price of $18.38, for a total value of $4,643,394.54.
- On Thursday, February 22nd, Michelangelo Volpi sold 561,692 shares of Hortonworks stock. The shares were sold at an average price of $18.51, for a total value of $10,396,918.92.
Shares of Hortonworks Inc (NASDAQ:HDP) traded down $0.45 during mid-day trading on Tuesday, hitting $18.20. The stock had a trading volume of 1,135,772 shares, compared to its average volume of 700,466. Hortonworks Inc has a 1 year low of $9.10 and a 1 year high of $22.00. The company has a market capitalization of $1,280.00, a PE ratio of -5.87 and a beta of 1.52.
A number of equities research analysts have commented on HDP shares. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hortonworks in a report on Thursday, November 2nd. Royal Bank of Canada reissued a “buy” rating and set a $20.00 price target on shares of Hortonworks in a report on Friday, November 3rd. Drexel Hamilton reissued a “buy” rating and set a $26.00 price target on shares of Hortonworks in a report on Monday, November 6th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, 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 report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.92.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDP. UBS Asset Management Americas Inc. grew its position in Hortonworks by 15.9% in the second quarter. UBS Asset Management Americas Inc. now owns 12,400 shares of the software maker’s stock worth $160,000 after acquiring an additional 1,700 shares in the last quarter. AXA purchased a new position in Hortonworks in the fourth quarter worth about $209,000. New Jersey Better Educational Savings Trust purchased a new position in Hortonworks in the third quarter worth about $237,000. Cubist Systematic Strategies LLC purchased a new position in Hortonworks in the second quarter worth about $242,000. Finally, Guggenheim Capital LLC purchased a new position in Hortonworks in the fourth quarter worth about $255,000. Institutional investors own 57.02% of the company’s stock.
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.
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