Healthequity Inc (HQY) Insider Stephen Neeleman Sold 40,000 Shares

Healthequity Inc (HQY) Insider Stephen Neeleman Sold 40,000 Shares

Healthequity Inc (NASDAQ:HQY) insider Stephen Neeleman sold 40,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $48.36, for a total transaction of $1,934,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Stephen Neeleman also recently made the following trade(s):

Shares of Healthequity Inc (NASDAQ HQY) traded up 0.73% during midday trading on Monday, reaching $48.41. The company’s stock had a trading volume of 609,916 shares. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 110.02 and a beta of 1.94. The company has a 50-day moving average price of $45.33 and a 200-day moving average price of $43.89. Healthequity Inc has a 12 month low of $26.92 and a 12 month high of $49.25.

Healthequity (NASDAQ:HQY) last posted its quarterly earnings results on Tuesday, March 21st. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $46.83 million for the quarter, compared to analyst estimates of $45.55 million. Healthequity had a return on equity of 11.08% and a net margin of 15.19%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. Equities analysts expect that Healthequity Inc will post $0.53 earnings per share for the current year.

HQY has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on Healthequity in a report on Thursday, March 30th. They set an “overweight” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Healthequity from $44.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, March 22nd. Chardan Capital reissued a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of Healthequity in a research note on Wednesday, March 22nd. CIBC assumed coverage on Healthequity in a research note on Tuesday, March 14th. They issued an “outperform” rating for the company. Finally, FIX assumed coverage on Healthequity in a research note on Tuesday, March 14th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $45.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Healthequity by 4.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,200 shares of the company’s stock valued at $603,000 after buying an additional 600 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Healthequity during the first quarter valued at about $503,000. AQR Capital Management LLC increased its stake in Healthequity by 635.3% in the first quarter. AQR Capital Management LLC now owns 53,178 shares of the company’s stock valued at $2,257,000 after buying an additional 45,946 shares during the period. State Street Corp increased its stake in Healthequity by 8.6% in the first quarter. State Street Corp now owns 1,057,823 shares of the company’s stock valued at $44,901,000 after buying an additional 83,973 shares during the period. Finally, Bank of America Corp DE increased its stake in Healthequity by 57.6% in the first quarter. Bank of America Corp DE now owns 86,183 shares of the company’s stock valued at $3,659,000 after buying an additional 31,500 shares during the period. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HQY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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