Insider Selling: athenahealth CMO Sells 6,000 Shares of Stock (ATHN)
athenahealth (NASDAQ:ATHN) CMO Robert Cosinuke unloaded 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $172.72, for a total value of $1,036,320.00. Following the transaction, the chief marketing officer now directly owns 53,321 shares in the company, valued at approximately $9,209,603. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of athenahealth in a research note on Monday. Separately, analysts at ISI Group raised their price target on shares of athenahealth from $143.00 to $176.00 in a research note on Friday. Finally, analysts at Cowen and Company raised their price target on shares of athenahealth from $88.00 to $123.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $145.00.
athenahealth (NASDAQ:ATHN) traded up 1.95% on Tuesday, hitting $181.73. The stock had a trading volume of 684,209 shares. athenahealth has a one year low of $82.01 and a one year high of $180.00. The stock’s 50-day moving average is $139. and its 200-day moving average is $125.0. The company has a market cap of $6.782 billion and a P/E ratio of 2546.57.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $168.39 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 47.5% on a year-over-year basis. Analysts expect that athenahealth will post $1.07 EPS for the current fiscal year.
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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