Healthequity Inc (HQY) Insider Sells $1,124,718.84 in Stock

Healthequity Inc (NASDAQ:HQY) insider Jon Kessler sold 20,442 shares of Healthequity stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.02, for a total value of $1,124,718.84. Following the transaction, the insider now owns 446,332 shares in the company, valued at approximately $24,557,186.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jon Kessler also recently made the following trade(s):

  • On Wednesday, February 14th, Jon Kessler sold 1,332 shares of Healthequity stock. The stock was sold at an average price of $55.00, for a total value of $73,260.00.
  • On Thursday, January 25th, Jon Kessler sold 40,000 shares of Healthequity stock. The stock was sold at an average price of $49.47, for a total value of $1,978,800.00.

Healthequity Inc (HQY) traded up $0.15 during mid-day trading on Friday, reaching $54.86. The company’s stock had a trading volume of 557,290 shares, compared to its average volume of 519,961. The firm has a market capitalization of $3,330.00, a PE ratio of 74.14, a price-to-earnings-growth ratio of 2.09 and a beta of 1.70. Healthequity Inc has a one year low of $37.62 and a one year high of $55.34.

Healthequity (NASDAQ:HQY) last posted its earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $55.27 million. Healthequity had a return on equity of 14.47% and a net margin of 21.08%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. research analysts anticipate that Healthequity Inc will post 0.73 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of HQY. Zions Bancorporation acquired a new stake in shares of Healthequity in the third quarter valued at $119,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Healthequity in the fourth quarter valued at $149,000. CIBC Asset Management Inc acquired a new stake in shares of Healthequity in the third quarter valued at $208,000. 1st Global Advisors Inc. acquired a new stake in shares of Healthequity in the second quarter valued at $213,000. Finally, Fortaleza Asset Management Inc. grew its stake in shares of Healthequity by 56.0% in the third quarter. Fortaleza Asset Management Inc. now owns 4,330 shares of the company’s stock valued at $219,000 after buying an additional 1,555 shares in the last quarter. 98.63% of the stock is owned by institutional investors.

A number of brokerages recently commented on HQY. Zacks Investment Research upgraded Healthequity from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Saturday, February 10th. BidaskClub upgraded Healthequity from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird lifted their price objective on Healthequity from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald raised their target price on Healthequity from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. cut their target price on Healthequity from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.67.

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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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