HealthEquity, Inc. (NASDAQ:HQY - Get Free Report) Director Stuart B. Parker sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $96.72, for a total value of $2,418,000.00. Following the completion of the transaction, the director now directly owns 19,061 shares of the company's stock, valued at $1,843,579.92. This represents a 56.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HealthEquity Price Performance
Shares of HQY opened at $95.62 on Friday. The firm has a market cap of $8.29 billion, a PE ratio of 87.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.55. HealthEquity, Inc. has a 52-week low of $62.10 and a 52-week high of $105.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 3.20. The business's 50 day moving average price is $94.06 and its two-hundred day moving average price is $84.19.
Institutional Inflows and Outflows
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Institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP grew its holdings in HealthEquity by 6.6% in the third quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company's stock worth $635,065,000 after purchasing an additional 483,269 shares during the period. State Street Corp grew its stake in shares of HealthEquity by 0.8% in the 3rd quarter. State Street Corp now owns 3,131,900 shares of the company's stock valued at $256,346,000 after buying an additional 23,613 shares during the period. Clearbridge Investments LLC increased its position in HealthEquity by 1.9% in the 2nd quarter. Clearbridge Investments LLC now owns 2,377,204 shares of the company's stock valued at $204,915,000 after buying an additional 43,491 shares in the last quarter. Mackenzie Financial Corp raised its stake in HealthEquity by 16.0% during the 2nd quarter. Mackenzie Financial Corp now owns 2,364,521 shares of the company's stock worth $203,822,000 after buying an additional 325,906 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in HealthEquity by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,078,977 shares of the company's stock worth $170,197,000 after acquiring an additional 15,145 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company's stock.
Wall Street Analyst Weigh In
HQY has been the subject of several recent research reports. Bank of America upped their price target on shares of HealthEquity from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. BTIG Research increased their price objective on HealthEquity from $110.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on HealthEquity in a report on Friday, November 15th. They set a "neutral" rating and a $108.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on HealthEquity from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, JMP Securities lifted their price objective on HealthEquity from $105.00 to $107.00 and gave the stock a "market outperform" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, HealthEquity has an average rating of "Moderate Buy" and an average target price of $110.71.
Check Out Our Latest Stock Report on HealthEquity
HealthEquity Company Profile
(
Get Free Report)
HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.
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