Recent Insider Trading: Hortonworks Inc

Hortonworks Inc (NASDAQ:HDP) insider has recently participated in insider trading activity. Chief Products Officer, Pavlik Greg sold 1,872 shares for $19,824 via one transaction Feb 03. Following the transaction, the insider now owns 242,180 shares in total, priced at $2303131.8 as of Wednesday. Another notable insider trading was done by the same insider on Jan 16. Pavlik Greg Sold 3,744 shares at an average price of $19.86 for a total of $74,356. Moreover, Gnau Scott E carried out a buy of 10,000 shares at $8.70 each on Feb 12. The transaction amounted to $87,000. See Remarks Reasoner Scott sold 2,903 shares for $25,053 through one transaction Feb 12. Following this sale, this insider’s stake in the company comprises 95,008 shares, priced at $903526.08 as of Wednesday.

The stock has experienced a total of 28 insider trades in the past three months. These trades include 20 sell activities and 8 buy trades. Furthermore, over the past 12 months, the stock was traded 78 times by insiders. In 56 of these trades, the insider was a seller while an employee of the company was the buyer in just 22 instances.

Hortonworks Inc (HDP) on February 10, 2016 announced that its financial results for the fourth quarter and full year 2015.

“We are pleased with our fourth quarter performance, which was highlighted by support subscription revenue growth of 146% year-over-year,” said Rob Bearden, chief executive officer and chairman of the board of directors of Hortonworks. “We more than doubled our customer base in 2015 and exited the year with over 800 customers. As evidenced by our 159% dollar-based net expansion rate over the trailing four quarters, we are excited to serve as the preferred IT partner during this transformational period in the data management industry.”

Fourth Quarter 2015 Financial Highlights:

• Revenue: Total GAAP revenue was $37.4 million for the fourth quarter of 2015, an increase of 196 percent compared to the fourth quarter of 2014.


• Gross Billings: Gross billings were $52.1 million for the fourth quarter of 2015, a 63 percent increase over gross billings of $31.9 million in the same period last year.


• Gross Profit: Total GAAP gross profit was $21.7 million for the fourth quarter of 2015, compared to gross loss of $46.2 million in the same period last year. Non-GAAP gross profit for the fourth quarter of 2015 was $22.8 million, compared to $6.0 million in the fourth quarter of 2014. Non-GAAP gross margin was 61 percent for the fourth quarter of 2015, compared to 36 percent during the same period last year.


• Operating Loss: GAAP operating loss for the fourth quarter of 2015 totaled $50.6 million, compared to a loss of $92.5 million during the fourth quarter last year. Non-GAAP operating loss for the fourth quarter of 2015 was $32.9 million, compared to a loss of $37.0 million for the same period last year.

Full Year 2015 Financial Highlights:

• Revenue: Total GAAP revenue was $121.9 million for the year ended December 31, 2015, an increase of 165 percent compared to last years.


• Gross Billings: Gross billings were $165.9 million, a 90 percent increase over gross billings of $87.1 million in fiscal year 2014.


• Gross Profit: Total GAAP gross profit was $66.8 million, compared to gross loss of $34.8 million in fiscal year 2014. Non-GAAP gross profit for the year was $69.5 million, compared to $19.8 million in fiscal year 2014. Non-GAAP gross margin was 57 percent for fiscal year 2015, compared to 38 percent in fiscal year 2014.


• Operating Loss: GAAP operating loss totaled $179.6 million, compared to a loss of $173.5 million during fiscal year 2014. Non-GAAP operating loss for the year was $133.6 million, compared to a loss of $105.7 million for fiscal year 2014.


• Net Loss: GAAP net loss for the year was $179.1 million, or $4.13 per basic and diluted share, compared to a net loss of $177.4 million, or $24.16 per basic and diluted share, in fiscal year 2014. Non-GAAP net loss for fiscal year 2015 was $133.3 million, or $3.08 per basic and diluted share, compared to a net loss of $105.5 million, or $14.37 per basic and diluted share, in fiscal year 2014.