Insider Selling: Healthequity Inc (HQY) Insider Sells 40,000 Shares of Stock

Healthequity Inc (NASDAQ:HQY) insider Jon Kessler sold 40,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $49.47, for a total transaction of $1,978,800.00. Following the sale, the insider now directly owns 485,000 shares in the company, valued at $23,992,950. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Healthequity Inc (NASDAQ:HQY) traded up $1.63 during midday trading on Monday, hitting $51.83. 453,840 shares of the stock were exchanged, compared to its average volume of 424,576. The stock has a market cap of $3,045.76, a P/E ratio of 70.04, a PEG ratio of 2.08 and a beta of 1.74. Healthequity Inc has a 12-month low of $37.62 and a 12-month high of $55.31.

Healthequity (NASDAQ:HQY) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $56.80 million for the quarter, compared to the consensus estimate of $55.27 million. Healthequity had a net margin of 21.08% and a return on equity of 14.47%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. analysts forecast that Healthequity Inc will post 0.71 earnings per share for the current fiscal year.

Several analysts recently commented on HQY shares. Zacks Investment Research raised shares of Healthequity from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Wednesday, October 11th. BidaskClub raised shares of Healthequity from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Chardan Capital increased their price objective on shares of Healthequity from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a “buy” rating and set a $56.00 price objective on shares of Healthequity in a research report on Tuesday, December 5th. Finally, Citigroup started coverage on shares of Healthequity in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Healthequity has a consensus rating of “Buy” and a consensus price target of $58.00.

Several hedge funds and other institutional investors have recently made changes to their positions in HQY. Janus Henderson Group PLC boosted its holdings in shares of Healthequity by 627.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,113,030 shares of the company’s stock valued at $105,292,000 after acquiring an additional 1,822,732 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Healthequity during the 3rd quarter valued at about $36,875,000. FMR LLC boosted its holdings in shares of Healthequity by 45.6% during the 2nd quarter. FMR LLC now owns 2,235,150 shares of the company’s stock valued at $111,378,000 after acquiring an additional 699,728 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Healthequity by 49.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,108,410 shares of the company’s stock valued at $56,063,000 after acquiring an additional 366,925 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Healthequity by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,831,014 shares of the company’s stock valued at $290,559,000 after acquiring an additional 241,061 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

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About Healthequity

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.

Insider Buying and Selling by Quarter for Healthequity (NASDAQ:HQY)

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