Insider Selling: Jonathan Bush Sells 1,000 Shares of athenahealth Stock (ATHN)
athenahealth (NASDAQ:ATHN) CEO Jonathan Bush sold 1,000 shares of athenahealth stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $129.45, for a total transaction of $129,450.00. Following the completion of the sale, the chief executive officer now directly owns 311,234 shares in the company, valued at approximately $40,289,241. 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 Stifel Nicolaus initiated coverage on shares of athenahealth in a research note on Wednesday, June 25th. They set an “overweight” rating and a $192.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. athenahealth has a consensus rating of “Hold” and a consensus price target of $167.90.
athenahealth (NASDAQ:ATHN) traded down 1.36% during mid-day trading on Monday, hitting $128.97. The stock had a trading volume of 428,455 shares. athenahealth has a 52 week low of $85.12 and a 52 week high of $206.70. The stock’s 50-day moving average is $125.2 and its 200-day moving average is $145.0. The company’s market cap is $4.880 billion.
athenahealth (NASDAQ:ATHN) last released its earnings data on Thursday, April 17th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts expect that athenahealth will post $1.04 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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