Insider Selling: athenahealth, Inc (ATHN) SVP Sells 150 Shares of Stock

athenahealth, Inc (NASDAQ:ATHN) SVP Jonathan D. Porter sold 150 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $134.52, for a total value of $20,178.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of athenahealth, Inc (ATHN) traded up $2.86 during trading on Tuesday, reaching $135.90. The company’s stock had a trading volume of 253,780 shares, compared to its average volume of 359,438. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67. athenahealth, Inc has a 52-week low of $95.01 and a 52-week high of $158.66. The firm has a market cap of $5,440.00, a P/E ratio of 176.49, a P/E/G ratio of 4.91 and a beta of 1.57.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The firm had revenue of $304.60 million during the quarter, compared to the consensus estimate of $310.52 million. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. analysts forecast that athenahealth, Inc will post 1.22 earnings per share for the current fiscal year.

A number of research firms recently weighed in on ATHN. BidaskClub upgraded athenahealth from a “sell” rating to a “hold” rating in a report on Saturday, December 16th. Deutsche Bank began coverage on athenahealth in a report on Friday, December 8th. They issued a “hold” rating and a $145.00 price objective for the company. Jefferies Group decreased their price objective on athenahealth from $135.00 to $120.00 and set a “hold” rating for the company in a report on Friday, September 15th. KeyCorp restated a “buy” rating and issued a $170.00 price objective on shares of athenahealth in a report on Sunday, September 17th. Finally, Royal Bank of Canada began coverage on athenahealth in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $153.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the stock. athenahealth has an average rating of “Hold” and an average target price of $143.29.

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after acquiring an additional 84 shares during the period. BNP Paribas Arbitrage SA grew its holdings in athenahealth by 123.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock worth $189,000 after acquiring an additional 744 shares during the period. ProShare Advisors LLC acquired a new stake in athenahealth during the 2nd quarter worth about $205,000. Ameriprise Financial Inc. acquired a new stake in shares of athenahealth in the 2nd quarter valued at about $206,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of athenahealth in the 2nd quarter valued at about $216,000.

TRADEMARK VIOLATION WARNING: “Insider Selling: athenahealth, Inc (ATHN) SVP Sells 150 Shares of Stock” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://sportsperspectives.com/2018/01/02/insider-selling-athenahealth-inc-athn-svp-sells-150-shares-of-stock.html.

athenahealth Company Profile

athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.

Insider Buying and Selling by Quarter for athenahealth (NASDAQ:ATHN)

Receive News & Ratings for athenahealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply