Insider Selling: Robert Cosinuke Unloads 6,000 Shares of athenahealth Stock (ATHN)
athenahealth (NASDAQ:ATHN) CMO Robert Cosinuke sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $125.07, for a total value of $750,420.00. Following the transaction, the chief marketing officer now directly owns 44,804 shares of the company’s stock, valued at approximately $5,603,636. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ATHN. Analysts at Topeka Capital Markets initiated coverage on shares of athenahealth in a research note on Thursday. They set a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of athenahealth in a research note on Monday, May 12th. They now have a $192.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of athenahealth from $120.00 to $90.00 in a research note on Wednesday, May 7th. They now have an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $167.84.
Shares of athenahealth (NASDAQ:ATHN) traded down 0.47% during mid-day trading on Thursday, hitting $124.56. 614,610 shares of the company’s stock traded hands. athenahealth has a 52 week low of $83.57 and a 52 week high of $206.70. The stock’s 50-day moving average is $121.7 and its 200-day moving average is $145.5. The company’s market cap is $4.713 billion.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.05. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $170.03 million. During the same quarter last year, the company posted $0.38 earnings per share. athenahealth’s revenue was up 29.8% compared to the same quarter last year. On average, analysts predict that athenahealth will post $1.04 earnings per share 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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