Key Points
- Heartflow insider Campbell Rogers sold 19,682 shares at an average price of $50.15, generating approximately $987,052. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced Rogers’ holdings by 19.75% to 79,956 shares.
- Heartflow reported quarterly revenue of $64.08 million, up 47.7% year over year, and an adjusted loss of $0.07 per share, beating analysts’ expected loss of $0.22.
- Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $44.88, while shares recently traded near $50.33.
Heartflow, Inc. (NASDAQ:HTFL - Get Free Report) insider Campbell Rogers sold 19,682 shares of the firm's stock in a transaction on Friday, September 18th. The shares were sold at an average price of $50.15, for a total transaction of $987,052.30. Following the transaction, the insider directly owned 79,956 shares of the company's stock, valued at $4,009,793.40. The trade was a 19.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Campbell Rogers also recently made the following trade(s):
- On Monday, August 17th, Campbell Rogers sold 9,219 shares of Heartflow stock. The stock was sold at an average price of $41.23, for a total transaction of $380,099.37.
Heartflow Stock Down 0.8%
NASDAQ HTFL opened at $50.33 on Tuesday. The company has a market capitalization of $4.38 billion and a price-to-earnings ratio of -27.50. Heartflow, Inc. has a twelve month low of $20.13 and a twelve month high of $52.22. The stock has a fifty day simple moving average of $38.24 and a 200 day simple moving average of $31.94.
Heartflow (NASDAQ:HTFL - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.15. Heartflow had a negative return on equity of 23.52% and a negative net margin of 55.82%.The firm had revenue of $64.08 million for the quarter. The firm's revenue was up 47.7% on a year-over-year basis. Research analysts expect that Heartflow, Inc. will post -0.75 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
HTFL has been the topic of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $45.00 price objective (up from $38.00) on shares of Heartflow in a research note on Friday, August 14th. Benchmark reissued a "buy" rating on shares of Heartflow in a research note on Friday, August 14th. Morgan Stanley boosted their target price on shares of Heartflow from $35.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Heartflow from $35.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Finally, Stifel Nicolaus lifted their price objective on Heartflow from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.88.
Check Out Our Latest Stock Report on HTFL
Hedge Funds Weigh In On Heartflow
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Heartflow in the 2nd quarter valued at about $53,000. Essential Partners LLC acquired a new position in Heartflow during the 1st quarter worth approximately $57,000. Caitong International Asset Management Co. Ltd bought a new position in Heartflow in the fourth quarter worth approximately $72,000. Strs Ohio boosted its holdings in Heartflow by 35.3% in the first quarter. Strs Ohio now owns 4,600 shares of the company's stock worth $112,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Heartflow in the first quarter valued at approximately $126,000.
About Heartflow
(
Get Free Report)
Heartflow, Inc is a medical technology company that develops artificial intelligence and imaging solutions for the diagnosis and management of coronary artery disease. Its platform analyzes data from coronary computed tomography angiography (CCTA) scans to create personalized, three-dimensional models of a patient's coronary arteries.
The company's primary offering, Heartflow Analysis, is designed to provide noninvasive estimates of fractional flow reserve derived from computed tomography (FFRCT).
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