HealthEquity, Inc. (NASDAQ:HQY) CEO Jon Kessler Sells 32,326 Shares

HealthEquity, Inc. (NASDAQ:HQY) CEO Jon Kessler sold 32,326 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $82.83, for a total transaction of $2,677,562.58. Following the transaction, the chief executive officer now directly owns 232,176 shares of the company’s stock, valued at approximately $19,231,138.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

HealthEquity Stock Performance

NASDAQ:HQY opened at $84.30 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.39 and a current ratio of 4.39. HealthEquity, Inc. has a fifty-two week low of $60.20 and a fifty-two week high of $87.72. The business has a 50 day moving average price of $80.92 and a 200-day moving average price of $77.93. The firm has a market cap of $7.33 billion, a PE ratio of 91.63, a price-to-earnings-growth ratio of 1.40 and a beta of 0.55.

HealthEquity (NASDAQ:HQY) last announced its quarterly earnings results on Monday, June 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. HealthEquity had a net margin of 7.71% and a return on equity of 7.77%. The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $278.78 million. Equities research analysts predict that HealthEquity, Inc. will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farallon Capital Management LLC purchased a new position in shares of HealthEquity during the first quarter valued at approximately $229,000. Hancock Whitney Corp purchased a new position in HealthEquity during the 1st quarter valued at $1,073,000. Grandeur Peak Global Advisors LLC raised its holdings in HealthEquity by 2,377.1% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 58,980 shares of the company’s stock worth $4,815,000 after purchasing an additional 56,599 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of HealthEquity by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,100,715 shares of the company’s stock valued at $89,851,000 after buying an additional 12,448 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in HealthEquity by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,384 shares of the company’s stock worth $4,195,000 after buying an additional 3,365 shares in the last quarter. Institutional investors own 99.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HQY. Wells Fargo & Company lifted their target price on shares of HealthEquity from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. KeyCorp upped their target price on shares of HealthEquity from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Barrington Research lifted their price target on HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. BTIG Research increased their price objective on HealthEquity from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, JMP Securities boosted their target price on HealthEquity from $101.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, HealthEquity currently has a consensus rating of “Moderate Buy” and an average target price of $101.67.

About HealthEquity

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.