HealthEquity, Inc. (NASDAQ:HQY - Get Free Report) EVP Michael Henry Fiore sold 8,881 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $78.26, for a total value of $695,027.06. Following the transaction, the executive vice president now directly owns 56,655 shares of the company's stock, valued at approximately $4,433,820.30. This trade represents a 13.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HealthEquity Stock Performance
Shares of NASDAQ:HQY opened at $76.77 on Wednesday. The company's 50 day simple moving average is $99.92 and its 200 day simple moving average is $96.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 3.20. HealthEquity, Inc. has a 1 year low of $65.01 and a 1 year high of $115.59. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 70.43, a price-to-earnings-growth ratio of 1.60 and a beta of 0.49.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HQY shares. Raymond James raised shares of HealthEquity from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $120.00 to $115.00 in a report on Tuesday, March 25th. JMP Securities lifted their price target on HealthEquity from $105.00 to $107.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on HealthEquity from $107.00 to $94.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Barrington Research reiterated an "outperform" rating and set a $112.00 price objective on shares of HealthEquity in a research report on Friday, March 14th. Finally, Wells Fargo & Company upped their price target on shares of HealthEquity from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, HealthEquity presently has an average rating of "Buy" and a consensus target price of $112.58.
Get Our Latest Stock Analysis on HealthEquity
Hedge Funds Weigh In On HealthEquity
A number of institutional investors have recently modified their holdings of the business. Pier Capital LLC bought a new position in HealthEquity in the fourth quarter valued at about $8,024,000. HighTower Advisors LLC lifted its holdings in shares of HealthEquity by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 95,075 shares of the company's stock worth $9,122,000 after acquiring an additional 4,370 shares during the last quarter. Geneva Capital Management LLC boosted its stake in shares of HealthEquity by 24.6% in the 4th quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company's stock valued at $100,642,000 after purchasing an additional 206,894 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HealthEquity by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,811 shares of the company's stock valued at $104,280,000 after purchasing an additional 25,004 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in HealthEquity during the 4th quarter worth approximately $238,000. Institutional investors and hedge funds own 99.55% of the company's stock.
About HealthEquity
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
