Insider at Hortonworks (HDP) Makes Significant Sale of Stock

Tuesday, January 09, 2018 10:15 PM ET

Insider at Hortonworks (HDP) Makes Significant Sale of Stock

A substantial insider sale of the shares of Hortonworks was disclosed in a form 4 document filed with the SEC today, showing — Scott Davdson, Officer — sold 49,539 shares in the company having a market value of approximately $1,027,439. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 477,927 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 527,466 shares and have averaged 87,911 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Hortonworks is above the 64-company peer group average. Enterprise Software peer group saw 156 buy/sell trades during this period for an average of 2.4 transactions per company. The number of shares per buy/sell trade for Hortonworks insiders was also higher. Within the peer group there were 1,441,965 shares purchased and 7,684,217 shares sold with company insiders having sold 40,014 shares on average.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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