The President & CEO of Healthequity (NASDAQ: HQY) is Buying Shares


Today, the President & CEO of Healthequity (NASDAQ: HQY), Jon Kessler, bought shares of HQY for $1.68M.

Following Jon Kessler’s last HQY Buy transaction on September 01, 2017, the stock climbed by 25.8%. Following this transaction Jon Kessler’s holding in the company was increased by 28.92% to a total of $28.19 million.

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Based on Healthequity’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $60.44 million and quarterly net profit of $5.91 million. In comparison, last year the company earned revenue of $55.42 million and had a net profit of $14.03 million. The company has a one-year high of $70 and a one-year low of $40.21. HQY’s market cap is $4.13B and the company has a P/E ratio of 89.37.

10 different firms, including Barrington and Cantor Fitzgerald, currently also have a Buy rating on the stock. Starting in March 2018, HQY received 8 Buy ratings in a row. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $67.14, reflecting a 3.3% upside.

In the last 30 days, insiders have sold $1.02M worth of HQY shares and purchased $1.68M worth of HQY shares. The insider sentiment on Healthequity has been negative according to 102 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 60.9% 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.

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