HealthEquity Inc. (HQY) Insider Sells $1,085,700.00 in Stock
HealthEquity Inc. (NASDAQ:HQY) insider Stephen Neeleman sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $36.19, for a total transaction of $1,085,700.00. Following the completion of the transaction, the insider now owns 30,000 shares in the company, valued at approximately $1,085,700. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Stephen Neeleman also recently made the following trade(s):
- On Tuesday, September 13th, Stephen Neeleman sold 30,000 shares of HealthEquity stock. The stock was sold at an average price of $33.22, for a total transaction of $996,600.00.
- On Tuesday, August 23rd, Stephen Neeleman sold 9,898 shares of HealthEquity stock. The stock was sold at an average price of $30.28, for a total transaction of $299,711.44.
- On Thursday, August 18th, Stephen Neeleman sold 102 shares of HealthEquity stock. The stock was sold at an average price of $30.00, for a total transaction of $3,060.00.
HealthEquity Inc. (NASDAQ:HQY) traded up 0.38% during midday trading on Monday, hitting $36.75. 809,390 shares of the stock traded hands. HealthEquity Inc. has a 12 month low of $15.80 and a 12 month high of $38.80. The stock has a market cap of $2.16 billion, a PE ratio of 94.23 and a beta of 1.61. The company has a 50-day moving average of $35.58 and a 200-day moving average of $29.48.
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HealthEquity (NASDAQ:HQY) last posted its earnings results on Tuesday, September 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthEquity had a return on equity of 10.89% and a net margin of 15.21%. The company had revenue of $44.20 million for the quarter. During the same quarter last year, the firm earned $0.08 EPS. HealthEquity’s revenue for the quarter was up 44.9% on a year-over-year basis. On average, equities research analysts anticipate that HealthEquity Inc. will post $0.51 earnings per share for the current year.
Several research firms have issued reports on HQY. SunTrust Banks Inc. restated a “buy” rating on shares of HealthEquity in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of HealthEquity from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, September 8th. Wells Fargo & Co. restated a “buy” rating on shares of HealthEquity in a research note on Wednesday, June 22nd. Robert W. Baird upped their target price on shares of HealthEquity from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Finally, Raymond James Financial Inc. upped their target price on shares of HealthEquity from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, September 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.00.
A number of institutional investors have recently bought and sold shares of HQY. Capstone Asset Management Co. raised its position in HealthEquity by 18.5% in the third quarter. Capstone Asset Management Co. now owns 12,680 shares of the company’s stock valued at $480,000 after buying an additional 1,980 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of HealthEquity during the second quarter valued at $2,309,000. Mason Street Advisors LLC acquired a new stake in shares of HealthEquity during the second quarter valued at $210,000. Public Employees Retirement System of Ohio increased its stake in shares of HealthEquity by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 158,629 shares of the company’s stock valued at $4,820,000 after buying an additional 15,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of HealthEquity by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 138,321 shares of the company’s stock valued at $4,203,000 after buying an additional 13,498 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.
HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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