Insider Selling: Robert Cosinuke Sells 6,000 Shares of athenahealth Stock (ATHN)
athenahealth (NASDAQ:ATHN) CMO Robert Cosinuke sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $129.43, for a total transaction of $776,580.00. Following the sale, the chief marketing officer now directly owns 44,804 shares of the company’s stock, valued at approximately $5,798,982. 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 Barclays reiterated an “equal weight” rating on shares of athenahealth in a research note on Monday, July 21st. They now have a $128.00 price target on the stock, up previously from $125.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of athenahealth in a research note on Monday, July 21st. They now have a $170.00 price target on the stock, down previously from $185.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of athenahealth in a research note on Monday, July 21st. They now have a $180.00 price target on the stock, down previously from $200.00. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $165.10.
athenahealth (NASDAQ:ATHN) traded up 1.36% during mid-day trading on Wednesday, hitting $131.84. The stock had a trading volume of 251,477 shares. athenahealth has a 52-week low of $97.30 and a 52-week high of $206.70. The stock’s 50-day moving average is $127.7 and its 200-day moving average is $143.6. The company has a market cap of $5.005 billion and a price-to-earnings ratio of 1193.30.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, July 17th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.10. The company had revenue of $185.90 million for the quarter, compared to the consensus estimate of $182.14 million. During the same quarter last year, the company posted ($0.08) earnings per share. athenahealth’s revenue was up 27.1% compared to the same quarter last year. On average, analysts predict that athenahealth will post $1.09 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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