Monday, March 05, 2018 10:15 PM ET
Insider Sales at Hortonworks (HDP) are Significant and Extend the Selling Trend of Last Quarter
Hortonworks, today, saw two insiders — Scott Reasoner, Officer, and Michelangelo Volpi, Director — dispose 136,727 shares having a market value of approximately $2,485,689, as revealed in form 4 documents filed with the SEC. There have been 6 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 1,343,433 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,480,160 shares and have averaged 185,020 shares per transaction over this time period.
The level of buy/sell trading at Hortonworks is is greater than the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 160 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for Hortonworks insiders was also higher. Within the peer group there were 551,162 shares purchased and 8,115,328 shares sold with company insiders selling 47,276 shares on average.
The data used in evaluating 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.
Today’s Insider Activity
* Scott Reasoner, Officer, sold 769 shares
* Michelangelo Volpi, Director, sold 135,958 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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