Insider Activity - HealthEquity, Inc. (NASDAQ:HQY)

HealthEquity, Inc. (NASDAQ:HQY) on Tuesday closed at $48.49. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 110.02 and a beta of 1.94. As of quarter end Clearbridge Investments, LLC had bought 540 shares growing its stake by 85.0%. Whereas 1 of them predict the stock is a hold.

Carvana Co. (NYSE:CVNA) beat first-quarter earnings expectations in its first report as a public company. Bank of America Corp DE now owns 86,183 shares of the company's stock valued at $3,659,000 after buying an additional 31,500 shares in the last quarter. Scout Investments Inc. now owns 82,643 shares of the company's stock valued at $3,128,000 after buying an additional 3,568 shares in the last quarter. In that case, its shares would mark a 12.15% decline from the most recent price.

Institutional investors now hold around $2.65 billion or 92.6% in HQY stock.

Shares of Healthequity Inc (NASDAQ HQY) opened at 48.49 on Wednesday. BlackRock Inc. increased its stake in Healthequity by 157,852.9% in the first quarter. On Wednesday, June 8 the stock rating was maintained by SunTrust with "Buy". The business's quarterly revenue was up 25.9% compared to the same quarter a year ago. The rating was upgraded by Jefferies on Tuesday, December 13 to "Buy".

Investors are more bullish on shares of the company of late if you take a look at the fall in short interest. Finally, Allegis Investment Advisors LLC raised its position in shares of Healthequity by 2.4% in the first quarter. Glen Harbor Capital Management LLC raised its stake in Healthequity by 0.4% in the first quarter. Equities research analysts forecast that Healthequity Inc will post $0.53 earnings per share for the current fiscal year.

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Here is the rundown on market activity for HealthEquity, Inc. On Tuesday, October 13 the stock rating was initiated by TheStreet with "Hold". The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 1.90on scale of 1-5. The shares were sold at an average price of $43.60, for a total transaction of $47,742.00. State of Alaska Department of Revenue raised its stake in Healthequity by 4.3% in the first quarter. Following the completion of the sale, the chief executive officer now directly owns 440,000 shares in the company, valued at approximately $18,414,000. The stock was sold at an average price of $46.18, for a total value of $55,416.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The stock of Healthequity Inc (NASDAQ:HQY) has "Neutral" rating given on Wednesday, September 7 by Robert W. Baird. After this sale, 1,103,285 common shares of HQY are directly owned by the insider, with total stake valued at $58,121,054. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & global copyright law.

A number of research analysts have weighed in on the stock. CIBC began coverage on Healthequity in a research report on Tuesday, March 14th. Cantor Fitzgerald started coverage on Healthequity in a research note on Thursday, March 30th.

In other news, EVP Delano Ladd sold 1,095 shares of Healthequity stock in a transaction dated Thursday, April 13th. Healthequity now has an average rating of "Buy" and a consensus price target of $46.00. Tiverton Asset Management LLC now owns 233,800 shares of the company's stock worth $8,850,000 after buying an additional 210,855 shares during the last quarter. The disclosure for this sale can be found here. The institutional investor held 9.76M shares of the miscellaneous company at the end of 2016Q4, valued at $395.61 million, down from 11.97 million at the end of the previous reported quarter.

HealthEquity, Inc. offers solutions for managing health care accounts for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.

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