Insider Selling: athenahealth Director Sells 4,000 Shares of Stock (ATHN)
athenahealth (NASDAQ:ATHN) Director David Eric Robinson unloaded 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $131.86, for a total value of $527,440.00. Following the completion of the transaction, the director now directly owns 2,058 shares in the company, valued at approximately $271,368. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $154.80 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 43.1% on a year-over-year basis.
ATHN has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of athenahealth from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, December 13th. They now have a $150.00 price target on the stock. Separately, analysts at Leerink Swann upgraded shares of athenahealth from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 13th. They now have a $150.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of athenahealth from $126.00 to $133.00 in a research note to investors on Friday, December 13th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $137.53.
athenahealth, Inc (NASDAQ:ATHN), is a business services company, which provides ongoing billing, clinical-related, and other related services to its customers.
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