Tabula Rasa Healthcare Inc. (TRHC) Insider Sells $176,800.00 in Stock
Tabula Rasa Healthcare Inc. (NASDAQ:TRHC) insider Orsula V. Knowlton sold 8,000 shares of Tabula Rasa Healthcare stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $22.10, for a total value of $176,800.00. Following the sale, the insider now directly owns 887,407 shares of the company’s stock, valued at approximately $19,611,694.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Tabula Rasa Healthcare Inc. (TRHC) traded down 2.14% during trading on Thursday, reaching $23.29. The company’s stock had a trading volume of 165,969 shares. The company’s 50 day moving average price is $22.67 and its 200 day moving average price is $17.97. Tabula Rasa Healthcare Inc. has a 52 week low of $10.39 and a 52 week high of $24.69. The company’s market cap is $402.59 million.
Tabula Rasa Healthcare (NASDAQ:TRHC) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. Tabula Rasa Healthcare had a negative net margin of 10.27% and a negative return on equity of 9.58%. The company had revenue of $29.70 million during the quarter, compared to the consensus estimate of $27.84 million. Tabula Rasa Healthcare’s quarterly revenue was up 32.6% on a year-over-year basis. On average, equities analysts anticipate that Tabula Rasa Healthcare Inc. will post $0.39 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of Tabula Rasa Healthcare by 60.2% during the 2nd quarter. California State Teachers Retirement System now owns 16,500 shares of the company’s stock worth $248,000 after buying an additional 6,200 shares during the last quarter. State Street Corp boosted its stake in shares of Tabula Rasa Healthcare by 38.9% during the 2nd quarter. State Street Corp now owns 69,673 shares of the company’s stock worth $1,051,000 after buying an additional 19,506 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in shares of Tabula Rasa Healthcare during the 2nd quarter worth about $461,000. Hood River Capital Management LLC boosted its stake in shares of Tabula Rasa Healthcare by 7.5% during the 2nd quarter. Hood River Capital Management LLC now owns 825,225 shares of the company’s stock worth $12,420,000 after buying an additional 57,724 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Tabula Rasa Healthcare by 13.4% during the 2nd quarter. Vanguard Group Inc. now owns 236,964 shares of the company’s stock worth $3,566,000 after buying an additional 27,997 shares during the last quarter. Institutional investors own 28.85% of the company’s stock.
A number of research firms recently issued reports on TRHC. Wells Fargo & Company cut Tabula Rasa Healthcare from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $17.00 to $21.00 in a research report on Thursday, September 7th. UBS AG lifted their price objective on Tabula Rasa Healthcare from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies reissued an “overweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Tabula Rasa Healthcare in a research report on Wednesday, August 9th. Chardan Capital began coverage on Tabula Rasa Healthcare in a research report on Monday, July 10th. They set a “buy” rating and a $19.50 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and set a $16.00 price objective on shares of Tabula Rasa Healthcare in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Tabula Rasa Healthcare currently has an average rating of “Buy” and an average target price of $19.43.
About Tabula Rasa Healthcare
Tabula Rasa HealthCare, Inc (Tabula Rasa), formerly CareKinesis, Inc, is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs.
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