Baillie Gifford & Co. Makes New Investment in Heartflow, Inc. $HTFL

Baillie Gifford & Co. bought a new stake in shares of Heartflow, Inc. (NASDAQ:HTFL) in the third quarter, Holdings Channel reports. The institutional investor bought 3,005,998 shares of the company’s stock, valued at approximately $101,182,000.

Other large investors also recently bought and sold shares of the company. TFC Financial Management Inc. purchased a new stake in Heartflow during the third quarter valued at $40,000. TrueMark Investments LLC purchased a new position in shares of Heartflow in the 3rd quarter worth $918,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Heartflow in the 3rd quarter worth about $4,418,000.

Heartflow Trading Down 4.0%

Shares of NASDAQ HTFL opened at $32.16 on Friday. Heartflow, Inc. has a 1 year low of $25.38 and a 1 year high of $41.22. The stock has a 50-day moving average price of $30.42. The company has a market capitalization of $2.74 billion and a P/E ratio of -17.77.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Heartflow from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Heartflow in a research note on Monday, December 29th. Canaccord Genuity Group lifted their target price on Heartflow from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Stifel Nicolaus increased their price target on Heartflow from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.60.

Insider Activity

In other Heartflow news, Director Jeffrey C. Lightcap acquired 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average price of $26.34 per share, for a total transaction of $1,053,600.00. Following the acquisition, the director directly owned 40,000 shares in the company, valued at $1,053,600. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Heartflow Profile

HeartFlow, Inc (NASDAQ: HTFL) is a medical technology company that develops non-invasive diagnostic solutions for coronary artery disease. The company’s core offering translates coronary CT angiography (CTA) data into a patient-specific, three-dimensional physiological model of the coronary arteries. Using advanced image processing and computational modeling, HeartFlow’s analysis estimates fractional flow reserve (FFR) values throughout the coronary tree to identify ischemia-producing lesions without the need for invasive pressure-wire measurements.

HeartFlow’s cloud-based service integrates with clinical workflows: clinicians submit coronary CTA images and receive a detailed, color-coded 3D map and report that highlights lesion-specific FFR values and physiological impact.