Hortonworks, Inc. (HDP) Files Form 4 Insider Selling : Shaun Connolly Sells 21,307 Shares

Hortonworks, Inc. (HDP): Shaun Connolly , VP Corporate Strategy of Hortonworks, Inc. sold 21,307 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $11.36 per share for a total value of $242,047.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Scott Reasoner (officer ) sold 3,472 shares at $11.08 per share price.On May 27, 2016, Greg Pavlik (Chief Product Officer) sold 1,872 shares at $11.39 per share price.Also, On May 18, 2016, Shaun Connolly (VP Corporate Strategy) sold 18,029 shares at $10.08 per share price.On Apr 22, 2016, Herbert Cunitz (President) sold 13,972 shares at $12.12 per share price.

Shares of Hortonworks Inc (HDP) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -0.52% at $11.56 with 3,96,591 shares getting traded. Post opening the session at $11.68, the shares hit an intraday low of $11.54 and an intraday high of $11.95 and the price vacillated in this range throughout the day. The company has a market cap of $668 M and the number of outstanding shares has been calculated to be 5,77,45,028 shares. The 52-week high of Hortonworks Inc is $28.9099 and the 52-week low is $7.12.

Hortonworks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hortonworks Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 .The Rating was issued on May 5, 2016.

Hortonworks Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Company’s platform integrates with data center technologies to enable data architectures and enables its customers to collect store process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets including online services education financial services Government healthcare/pharmaceuticals industrials/manufacturing media/entertainment retail/ecommerce technology and telecommunications.

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