Insider Selling: athenahealth, Inc. (ATHN) SVP Sells 422 Shares of Stock
athenahealth, Inc. (NASDAQ:ATHN) SVP Jonathan D. Porter sold 422 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $154.00, for a total value of $64,988.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jonathan D. Porter also recently made the following trade(s):
- On Monday, July 17th, Jonathan D. Porter sold 300 shares of athenahealth stock. The shares were sold at an average price of $143.13, for a total transaction of $42,939.00.
- On Thursday, June 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The shares were sold at an average price of $142.27, for a total transaction of $42,681.00.
- On Monday, May 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The shares were sold at an average price of $109.48, for a total transaction of $32,844.00.
Shares of athenahealth, Inc. (ATHN) traded up 8.44% on Friday, hitting $155.93. 2,286,356 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $141.51 and its 200 day moving average price is $122.62. athenahealth, Inc. has a 12-month low of $90.11 and a 12-month high of $158.66. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 306.95 and a beta of 1.79.
athenahealth (NASDAQ:ATHN) last issued its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a net margin of 1.84% and a return on equity of 5.93%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts predict that athenahealth, Inc. will post $1.86 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on ATHN. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $142.00 price objective on shares of athenahealth in a report on Wednesday, April 19th. UBS AG set a $123.00 price objective on shares of athenahealth and gave the company a “buy” rating in a report on Monday, May 1st. Piper Jaffray Companies reissued a “buy” rating and set a $152.00 price objective on shares of athenahealth in a report on Friday, July 14th. William Blair reissued a “market perform” rating on shares of athenahealth in a report on Friday. Finally, Barclays PLC set a $88.00 price objective on shares of athenahealth and gave the company an “underweight” rating in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.33.
Several hedge funds have recently modified their holdings of the stock. FNY Partners Fund LP increased its stake in shares of athenahealth by 1,900.0% in the first quarter. FNY Partners Fund LP now owns 1,000 shares of the health services provider’s stock valued at $112,000 after buying an additional 950 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of athenahealth during the fourth quarter valued at $118,000. Teza Capital Management LLC purchased a new stake in shares of athenahealth during the first quarter valued at $220,000. Comerica Bank purchased a new stake in shares of athenahealth during the fourth quarter valued at $299,000. Finally, Arxis Securities LLC purchased a new stake in shares of athenahealth during the first quarter valued at $304,000.
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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