Today it was reported that the President & CEO of Healthequity (HQY), Jon Kessler, exercised options to buy 17,410 HQY shares at $41.28 a share, for a total transaction value of $718.7K.
This recent transaction increases Jon Kessler’s holding in the company by 4.2% to a total of $25.78 million. In addition to Jon Kessler, one other HQY executive reported Buy trades in the last month.
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Based on Healthequity’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $70.5 million and quarterly net profit of $15.69 million. In comparison, last year the company earned revenue of $56.79 million and had a net profit of $10.48 million. HQY’s market cap is $3.72B and the company has a P/E ratio of 58.70. Currently, Healthequity has an average volume of 1.15M.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $94.00, reflecting a 51.7% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy HQY with a $82 price target. Three different firms, including Barrington and Cantor Fitzgerald, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $266.9K worth of HQY shares and purchased $718.7K worth of HQY shares. The insider sentiment on Healthequity has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jon Kessler’s trades have generated a 59.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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HealthEquity, Inc. engages in the provision of healthcare saving solutions. Its products include healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.
