Verition Fund Management LLC Sells 30,460 Shares of Definitive Healthcare Corp. (NASDAQ:DH)

Verition Fund Management LLC lowered its position in Definitive Healthcare Corp. (NASDAQ:DH) by 55.4% in the third quarter, Holdings Channel.com reports. The fund owned 24,504 shares of the company’s stock after selling 30,460 shares during the period. Verition Fund Management LLC’s holdings in Definitive Healthcare were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Definitive Healthcare in the third quarter valued at $55,000. Bleakley Financial Group LLC acquired a new stake in shares of Definitive Healthcare in the 3rd quarter valued at $74,000. Glenmede Trust Co. NA grew its holdings in shares of Definitive Healthcare by 41.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 18,423 shares of the company’s stock worth $82,000 after purchasing an additional 5,362 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Definitive Healthcare during the 3rd quarter worth about $84,000. Finally, Sanctuary Advisors LLC bought a new position in Definitive Healthcare during the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 98.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DH. Needham & Company LLC reaffirmed a “hold” rating on shares of Definitive Healthcare in a research note on Friday, November 8th. BTIG Research began coverage on Definitive Healthcare in a research report on Tuesday, September 17th. They set a “buy” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Definitive Healthcare currently has an average rating of “Hold” and an average price target of $5.81.

Insider Transactions at Definitive Healthcare

In related news, insider William Moschella sold 45,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $4.70, for a total value of $211,500.00. Following the transaction, the insider now directly owns 433,830 shares in the company, valued at $2,039,001. This represents a 9.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 14.84% of the stock is currently owned by corporate insiders.

Definitive Healthcare Stock Performance

DH stock opened at $4.46 on Tuesday. The stock has a market capitalization of $515.23 million, a PE ratio of -1.44, a price-to-earnings-growth ratio of 3.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.49 and a quick ratio of 2.49. The company has a 50 day moving average price of $4.41 and a 200 day moving average price of $4.71. Definitive Healthcare Corp. has a fifty-two week low of $3.19 and a fifty-two week high of $10.62.

About Definitive Healthcare

Definitive Healthcare Corp., together with its subsidiaries, provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally. Its SaaS platform provides information on healthcare providers and their activities to help its customers from product development to go-to-market planning, and sales and marketing execution.