Thursday, February 22, 2018 10:15 PM ET
Insider Sales at Hortonworks (HDP) are Significant and Extend the Selling Trend of Last Quarter
SEC filings today reported notable insider sales of Hortonworks shares as two insiders — Scott E Gnau, Officer, and Michelangelo Volpi, Director — disposed of 568,892 shares in the company having a market value of approximately $10,526,561. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 524,260 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,093,152 shares and have averaged 156,165 shares per transaction over this time period.
Insider buy/sell trading at Hortonworks is greater than the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 149 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Hortonworks insiders was also higher. Within the peer group there were 736,959 shares purchased and 7,794,135 shares sold with company insiders selling 47,364 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to create and write this story.
Today’s Insider Activity
* Scott E Gnau, Officer, sold 7,200 shares
* Michelangelo Volpi, Director, sold 561,692 shares
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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