Insider Selling: NantHealth Inc (NH) COO Sells 6,475 Shares of Stock

NantHealth Inc (NASDAQ:NH) COO Ronald Allen Louks sold 6,475 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $3.02, for a total transaction of $19,554.50. Following the completion of the transaction, the chief operating officer now owns 89,690 shares in the company, valued at $270,863.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ronald Allen Louks also recently made the following trade(s):

  • On Monday, January 8th, Ronald Allen Louks sold 6,175 shares of NantHealth stock. The stock was sold at an average price of $3.52, for a total transaction of $21,736.00.
  • On Wednesday, December 6th, Ronald Allen Louks sold 5,245 shares of NantHealth stock. The stock was sold at an average price of $3.03, for a total transaction of $15,892.35.

Shares of NantHealth Inc (NH) opened at $3.15 on Thursday. The firm has a market cap of $341.24 and a PE ratio of -2.16. NantHealth Inc has a 52-week low of $2.60 and a 52-week high of $8.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.38 and a quick ratio of 2.36.

NantHealth (NASDAQ:NH) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $21.76 million for the quarter, compared to the consensus estimate of $29.42 million. NantHealth had a negative net margin of 225.76% and a negative return on equity of 46.09%. NantHealth’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) EPS. equities analysts predict that NantHealth Inc will post -1.35 earnings per share for the current year.

A number of research analysts have recently issued reports on NH shares. Zacks Investment Research downgraded shares of NantHealth from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of NantHealth from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. Finally, Canaccord Genuity cut their price objective on shares of NantHealth from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. NantHealth presently has a consensus rating of “Buy” and a consensus price target of $8.05.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in NantHealth by 91.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 169,603 shares of the company’s stock valued at $717,000 after buying an additional 81,024 shares during the period. GSA Capital Partners LLP increased its stake in NantHealth by 154.7% during the 3rd quarter. GSA Capital Partners LLP now owns 72,600 shares of the company’s stock valued at $299,000 after buying an additional 44,100 shares during the period. National Planning Corp increased its stake in NantHealth by 21.1% during the 3rd quarter. National Planning Corp now owns 138,700 shares of the company’s stock valued at $656,000 after buying an additional 24,200 shares during the period. TIAA CREF Investment Management LLC increased its stake in NantHealth by 136.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 47,848 shares of the company’s stock valued at $202,000 after buying an additional 27,648 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new position in NantHealth during the 3rd quarter valued at about $180,000. Hedge funds and other institutional investors own 7.12% of the company’s stock.

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About NantHealth

NantHealth, Inc is a healthcare cloud-based information technology (IT) company. The Company is engaged in converging science and technology through a single integrated clinical platform, to provide actionable health information at the point of care. The Company offers the Genomic Proteomic Spectrometry (GPS) Cancer test, a molecular test and decision support solution that measures the proteins present in the patient’s tumor tissue, combined with whole genomic and transcriptomic sequencing of tumor and normal samples.

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