Insider Selling: athenahealth, Inc. (ATHN) Insider Sells 1,583 Shares of Stock
athenahealth, Inc. (NASDAQ:ATHN) insider Daniel P. Haley sold 1,583 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $124.56, for a total value of $197,178.48. Following the completion of the sale, the insider now directly owns 13,408 shares of the company’s stock, valued at approximately $1,670,100.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
athenahealth, Inc. (NASDAQ:ATHN) traded down 1.51% during trading on Tuesday, hitting $123.51. 499,349 shares of the stock were exchanged. The firm has a 50-day moving average of $132.79 and a 200-day moving average of $129.75. athenahealth, Inc. has a 52 week low of $90.11 and a 52 week high of $158.66. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 156.74 and a beta of 1.76.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. athenahealth had a return on equity of 6.91% and a net margin of 2.80%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $298.68 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Equities research analysts anticipate that athenahealth, Inc. will post $1.91 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in athenahealth by 0.6% during the 1st quarter. Comerica Bank now owns 2,487 shares of the health services provider’s stock worth $302,000 after purchasing an additional 14 shares during the last quarter. Advisor Group Inc. grew its holdings in athenahealth by 2.8% in the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock valued at $244,000 after buying an additional 47 shares in the last quarter. Seven Bridges Advisors LLC grew its holdings in athenahealth by 5.4% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after buying an additional 67 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in athenahealth by 2.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock valued at $444,000 after buying an additional 67 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in athenahealth by 0.9% in the 2nd quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock valued at $1,106,000 after buying an additional 70 shares in the last quarter.
A number of research analysts have recently commented on ATHN shares. 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. BidaskClub downgraded athenahealth from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. restated a “buy” rating and issued a $186.00 target price (up from $169.00) on shares of athenahealth in a report on Monday, July 24th. UBS AG restated a “positive” rating and issued a $175.00 target price (up from $157.00) on shares of athenahealth in a report on Monday, July 24th. Finally, First Analysis lowered athenahealth from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $99.00 to $125.00 in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $149.91.
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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