Significant Insider Selling Continues at Hortonworks (HDP)

Tuesday, February 20, 2018 10:15 PM ET

Significant Insider Selling Continues at Hortonworks (HDP)

There was a significant sale of shares of Hortonworks by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Robert G Bearden, Director and Officer — disposed of 148,899 shares in the company having a market value of approximately $2,725,596. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 375,361 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 524,260 shares and have averaged 104,852 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Hortonworks is greater than the 64-company peer group average. Enterprise Software peer group saw 136 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for Hortonworks insiders was also higher. Within the peer group there were 739,109 shares purchased and 7,672,222 shares sold with company insiders having sold 50,979 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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