Key Points
- Heartflow CEO John C.M. Farquhar sold 22,562 shares on July 10 at an average price of $27.75, totaling about $626,096. The sale was made under a pre-arranged Rule 10b5-1 plan, and his direct holdings fell 4.93% to 435,373 shares.
- The stock was trading lower, opening at $26.16 and down 2.1% on the day. Heartflow has a market cap of $2.26 billion and remains below its 52-week high of $41.22.
- Heartflow’s latest earnings beat expectations, reporting a loss of $0.16 per share versus the expected $0.24 loss, while revenue rose 41.3% year over year to $52.59 million. Analysts currently rate the stock a Moderate Buy with a consensus target price of $37.00.
Heartflow, Inc. (NASDAQ:HTFL - Get Free Report) CEO John C.M. Farquhar sold 22,562 shares of the firm's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $27.75, for a total transaction of $626,095.50. Following the transaction, the chief executive officer directly owned 435,373 shares in the company, valued at approximately $12,081,600.75. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John C.M. Farquhar also recently made the following trade(s):
- On Wednesday, June 24th, John C.M. Farquhar sold 38,900 shares of Heartflow stock. The stock was sold at an average price of $35.00, for a total value of $1,361,500.00.
- On Wednesday, June 10th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The shares were sold at an average price of $28.50, for a total value of $643,017.00.
- On Monday, May 11th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The stock was sold at an average price of $29.12, for a total value of $657,005.44.
Heartflow Trading Down 2.1%
Shares of Heartflow stock opened at $26.16 on Tuesday. Heartflow, Inc. has a 52 week low of $20.13 and a 52 week high of $41.22. The stock has a market cap of $2.26 billion and a PE ratio of -8.41. The company's 50-day moving average price is $30.12 and its two-hundred day moving average price is $28.62.
Heartflow (NASDAQ:HTFL - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $52.59 million for the quarter. Heartflow's revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts predict that Heartflow, Inc. will post -0.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on HTFL shares. Weiss Ratings cut shares of Heartflow from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, July 8th. Canaccord Genuity Group cut their price objective on Heartflow from $43.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, May 15th. William Blair assumed coverage on Heartflow in a research note on Monday, May 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. decreased their target price on Heartflow from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, March 19th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Heartflow in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.00.
Get Our Latest Stock Report on HTFL
Institutional Investors Weigh In On Heartflow
Large investors have recently made changes to their positions in the company. Handelsbanken Fonder AB purchased a new stake in shares of Heartflow in the 2nd quarter valued at approximately $910,000. Essential Partners LLC purchased a new position in Heartflow during the 1st quarter worth approximately $57,000. Bank of America Corp DE raised its stake in Heartflow by 28.8% during the 1st quarter. Bank of America Corp DE now owns 111,702 shares of the company's stock valued at $2,718,000 after purchasing an additional 24,964 shares during the period. Janus Henderson Group PLC raised its stake in Heartflow by 152.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,180,976 shares of the company's stock valued at $53,063,000 after purchasing an additional 1,315,416 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Heartflow by 41.9% in the first quarter. California State Teachers Retirement System now owns 29,371 shares of the company's stock valued at $715,000 after purchasing an additional 8,678 shares in the last quarter.
Heartflow Company Profile
(
Get Free Report)
HeartFlow, Inc (NASDAQ: HTFL) is a medical technology company that develops non-invasive diagnostic solutions for coronary artery disease. The company's core offering translates coronary CT angiography (CTA) data into a patient-specific, three-dimensional physiological model of the coronary arteries. Using advanced image processing and computational modeling, HeartFlow's analysis estimates fractional flow reserve (FFR) values throughout the coronary tree to identify ischemia-producing lesions without the need for invasive pressure-wire measurements.
HeartFlow's cloud-based service integrates with clinical workflows: clinicians submit coronary CTA images and receive a detailed, color-coded 3D map and report that highlights lesion-specific FFR values and physiological impact.
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