Hortonworks Sees Unusually High Options Volume (HDP)

Hortonworks Inc (NASDAQ:HDP) was the target of some unusual options trading activity on Wednesday. Stock investors bought 738 put options on the stock. This is an increase of approximately 1,195% compared to the average daily volume of 57 put options.

Several brokerages have issued reports on HDP. Credit Suisse Group cut shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Tuesday, January 16th. Zacks Investment Research cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Mizuho upped their price target on shares of Hortonworks from $14.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Barclays cut shares of Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a research report on Monday, January 8th. Finally, DA Davidson began coverage on shares of Hortonworks in a research report on Friday, March 9th. They issued a “buy” rating and a $24.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Hortonworks presently has a consensus rating of “Buy” and a consensus price target of $22.29.

HDP opened at $18.06 on Thursday. Hortonworks has a twelve month low of $9.93 and a twelve month high of $22.00. The firm has a market cap of $1,389.38, a PE ratio of -5.90 and a beta of 1.39.



Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.24). The firm had revenue of $75.01 million for the quarter, compared to analyst estimates of $70.44 million. During the same quarter last year, the company earned ($0.50) earnings per share. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. research analysts anticipate that Hortonworks will post -2.43 EPS for the current year.

In other Hortonworks news, CTO Scott E. Gnau sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $17.12, for a total value of $45,522.08. Following the completion of the transaction, the chief technology officer now directly owns 345,794 shares in the company, valued at approximately $5,919,993.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Bearden sold 74,449 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.21, for a total transaction of $1,355,716.29. Following the completion of the transaction, the chief executive officer now owns 1,905,177 shares of the company’s stock, valued at $34,693,273.17. The disclosure for this sale can be found here. In the last three months, insiders sold 1,432,722 shares of company stock valued at $26,863,363. 22.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. AXA acquired a new stake in shares of Hortonworks during the fourth quarter worth $209,000. Guggenheim Capital LLC acquired a new stake in shares of Hortonworks during the fourth quarter worth $255,000. Teacher Retirement System of Texas acquired a new stake in shares of Hortonworks during the fourth quarter worth $327,000. Fairfield Bush & CO. acquired a new stake in shares of Hortonworks during the fourth quarter worth $362,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Hortonworks during the fourth quarter worth $385,000. Institutional investors own 61.63% of the company’s stock.

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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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