HealthEquity, Inc. (NASDAQ:HQY) has been the object of insider selling activity recently. Jon Kessler, President and CEO sold $7,540,500 worth of shares at an average price of $50.27 on Wed the 7th. That brings the President and CEO’s holdings to $21,113,400 per an SEC filing yesterday. Founder and Vice Chairman Stephen Neeleman sold 40,000 shares at an average price of $51.45 on June 7th. Neeleman now owns $38,602,163 of stock as recorded in a recent Form 4 SEC filing.
Ashley Dreier, Executive VP, CTO and CIO disclosed the sale of 10,000 shares of HQY stock. The shares were purchased at an average price of $47.93. The Executive VP, CTO and CIO now owns $270,900 of the stock according to the SEC filing.
HealthEquity, Inc., launched on October 18, 2002, is a provider of 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 involved in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. The Business’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives and make educated investment choices to help in their tax-advantaged healthcare savings..
Here are some other firms who have updated their holdings. As of the end of the quarter Clearbridge Investments, LLC had acquired 540 shares growing its holdings by 85.0%. The value of the investment in HQY increased from $26,000 to $50,000 a change of $24,000 for the reporting period. As of quarter end Morgan Stanley had sold a total of 499 shares trimming its stake by 31.3%. The value of the total investment in HealthEquity, Inc. went from $65,000 to $47,000 decreasing 27.7% quarter to quarter.
As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 389 shares trimming its position 69.8%. The value of the investment in HealthEquity, Inc. decreased from $23,000 to $7,000 a change of 69.6% since the last quarter. Goldman Sachs Group Inc grew its stake by buying 58,341 shares an increase of 772.0% as of 03/31/2017. Goldman Sachs Group Inc now controls 65,898 shares valued at $2,797,000. The total value of its holdings increased 814.1%.
On December 13, 2016 Chardan Capital initiated coverage on HQY by announcing an initial rating of “Buy”. JP Morgan initiated coverage setting a rating of “Overweight”.
September 12 investment analysts at Raymond James held the stock rating at “Outperform” but moved up the price target to $40.00 from $24.00. On September 7 Baird maintained a company rating of “Neutral” and raised the price target from $29.00 to $35.00.
April 4 investment analysts at Leerink Swann made no change to the company rating of “Outperform” and raised the price expectation from $26.00 to $30.00. March 23 investment analysts at Barrington Research kept the company rating at “Outperform” and moved up the price target to $30.00 from $24.00.
The company is trading down from yesterday’s close of $54.47. Company chares are trading at $52.00 which is marginally higher than the 50 day moving average which is $46.25 and marginally over the 200 day moving average of $44.17. The 50 day moving average went up $5.75 or +12.44% and the 200 day average was up $7.83.
The most current P/E ratio is 118.18 and the market value is 3.10B. As of the last earnings report the EPS was $0.44 and is estimated to be $0.57 for the current year with 59,628,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.13 and the next full year EPS is projected to be $0.70.
Short traders are feeling a little more bearish on the company recently if you watch the increase in short interest. The company realized a rise in short interest of 0.54% as of the latest report on May 31, 2017. Short shares increased 17,261 over that period. Days to cover increased 2.5 to 11.4 and the percentage of shorted shares is 0.05% as of May 31.