HealthEquity, Inc. (HQY) Insider Sells $384,540.00 in Stock
HealthEquity, Inc. (NASDAQ:HQY) insider Stephen Neeleman sold 8,500 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $45.24, for a total transaction of $384,540.00. Following the completion of the sale, the insider now directly owns 1,000 shares in the company, valued at $45,240. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Stephen Neeleman also recently made the following trade(s):
- On Tuesday, August 15th, Stephen Neeleman sold 8,500 shares of HealthEquity stock. The stock was sold at an average price of $46.65, for a total transaction of $396,525.00.
- On Monday, July 17th, Stephen Neeleman sold 8,500 shares of HealthEquity stock. The stock was sold at an average price of $50.83, for a total transaction of $432,055.00.
HealthEquity, Inc. (NASDAQ HQY) opened at 47.95 on Friday. HealthEquity, Inc. has a 52 week low of $30.34 and a 52 week high of $54.95. The firm has a 50-day moving average of $44.62 and a 200-day moving average of $46.01. The company has a market capitalization of $2.90 billion, a P/E ratio of 71.14 and a beta of 1.75.
HealthEquity (NASDAQ:HQY) last issued its earnings results on Tuesday, September 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. HealthEquity had a net margin of 20.27% and a return on equity of 13.93%. The company had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.66 million. During the same period in the previous year, the firm earned $0.16 earnings per share. HealthEquity’s quarterly revenue was up 28.7% compared to the same quarter last year. Analysts anticipate that HealthEquity, Inc. will post $0.71 EPS for the current fiscal year.
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A number of analysts recently weighed in on the stock. Robert W. Baird reissued a “hold” rating on shares of HealthEquity in a research report on Thursday. Cantor Fitzgerald increased their price objective on shares of HealthEquity from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $61.00 price objective (up from $57.00) on shares of HealthEquity in a research report on Monday, June 12th. BidaskClub lowered shares of HealthEquity from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research raised shares of HealthEquity from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.50.
Several institutional investors have recently added to or reduced their stakes in HQY. Great West Life Assurance Co. Can raised its stake in shares of HealthEquity by 8.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 61,247 shares of the company’s stock valued at $2,600,000 after acquiring an additional 5,023 shares during the period. First Trust Advisors LP raised its stake in shares of HealthEquity by 74.6% in the 1st quarter. First Trust Advisors LP now owns 80,607 shares of the company’s stock valued at $3,422,000 after acquiring an additional 34,447 shares during the period. Bank of New York Mellon Corp raised its stake in shares of HealthEquity by 47.9% in the 1st quarter. Bank of New York Mellon Corp now owns 816,504 shares of the company’s stock valued at $34,661,000 after acquiring an additional 264,604 shares during the period. Comerica Bank raised its stake in shares of HealthEquity by 6.4% in the 1st quarter. Comerica Bank now owns 48,658 shares of the company’s stock valued at $2,160,000 after acquiring an additional 2,926 shares during the period. Finally, Swiss National Bank raised its stake in shares of HealthEquity by 2.2% in the 1st quarter. Swiss National Bank now owns 73,200 shares of the company’s stock valued at $3,107,000 after acquiring an additional 1,600 shares during the period. 90.97% of the stock is currently owned by institutional investors and hedge funds.
HealthEquity Company Profile
HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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