athenahealth, Inc (ATHN) CEO Jonathan Bush Sells 30,000 Shares
athenahealth, Inc (NASDAQ:ATHN) CEO Jonathan Bush sold 30,000 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $134.80, for a total value of $4,044,000.00. Following the sale, the chief executive officer now directly owns 320,807 shares in the company, valued at $43,244,783.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Jonathan Bush also recently made the following trade(s):
- On Monday, October 2nd, Jonathan Bush sold 4,000 shares of athenahealth stock. The stock was sold at an average price of $124.17, for a total value of $496,680.00.
athenahealth, Inc (NASDAQ:ATHN) traded down $1.10 during trading hours on Friday, reaching $133.04. The company had a trading volume of 211,823 shares, compared to its average volume of 323,120. The firm has a market capitalization of $5,367.97, a price-to-earnings ratio of 172.78, a PEG ratio of 4.96 and a beta of 1.57. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. athenahealth, Inc has a fifty-two week low of $95.01 and a fifty-two week high of $158.66.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The firm had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. sell-side analysts anticipate that athenahealth, Inc will post 1.22 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in ATHN. The Manufacturers Life Insurance Company boosted its stake in shares of athenahealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 84 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of athenahealth by 123.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock valued at $189,000 after purchasing an additional 744 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of athenahealth during the second quarter valued at about $205,000. Ameriprise Financial Inc. acquired a new stake in shares of athenahealth during the second quarter valued at about $206,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of athenahealth during the second quarter valued at about $216,000.
Several analysts have recently issued reports on ATHN shares. Oppenheimer reissued a “buy” rating and set a $184.00 target price on shares of athenahealth in a report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and set a $167.00 target price on shares of athenahealth in a report on Tuesday, October 17th. KeyCorp reissued a “buy” rating and set a $170.00 target price on shares of athenahealth in a report on Sunday, September 17th. SunTrust Banks reissued a “buy” rating and set a $156.00 target price on shares of athenahealth in a report on Wednesday, October 25th. Finally, TheStreet lowered athenahealth from a “b-” rating to a “c+” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $143.29.
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athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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