athenahealth Inc. (NASDAQ:ATHN) CEO Jonathan Bush sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $124.34, for a total value of $497,360.00. Following the sale, the chief executive officer now directly owns 312,109 shares of the company’s stock, valued at $38,807,633.06. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jonathan Bush also recently made the following trade(s):
- On Monday, August 1st, Jonathan Bush sold 4,000 shares of athenahealth stock. The stock was sold at an average price of $128.19, for a total value of $512,760.00.
athenahealth Inc. (NASDAQ:ATHN) opened at 125.38 on Friday. The company has a market cap of $4.93 billion, a P/E ratio of 460.96 and a beta of 1.28. athenahealth Inc. has a 12 month low of $114.59 and a 12 month high of $170.42. The firm has a 50-day moving average price of $123.05 and a 200 day moving average price of $129.94.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.08. The business earned $261.90 million during the quarter, compared to the consensus estimate of $274.07 million. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. On average, equities analysts expect that athenahealth Inc. will post $1.77 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of ATHN. Advisor Group Inc. purchased a new position in athenahealth during the second quarter valued at approximately $118,000. FineMark National Bank & Trust increased its position in athenahealth by 4.5% in the second quarter. FineMark National Bank & Trust now owns 944 shares of the company’s stock valued at $130,000 after buying an additional 41 shares during the last quarter. KBC Group NV purchased a new position in athenahealth during the second quarter valued at approximately $135,000. Societe Generale purchased a new position in athenahealth during the second quarter valued at approximately $176,000. Finally, SG Americas Securities LLC increased its position in athenahealth by 27.7% in the second quarter. SG Americas Securities LLC now owns 1,277 shares of the company’s stock valued at $176,000 after buying an additional 277 shares during the last quarter.
A number of brokerages have recently commented on ATHN. Deutsche Bank AG lowered athenahealth from a “buy” rating to a “hold” rating and lowered their price objective for the company from $165.00 to $147.00 in a report on Friday, July 22nd. Jefferies Group reissued an “underperform” rating and set a $105.00 price objective on shares of athenahealth in a report on Monday, July 25th. Zacks Investment Research raised athenahealth from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Morgan Stanley lowered their price objective on athenahealth from $186.00 to $153.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $142.00 price objective on shares of athenahealth in a report on Wednesday, June 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $149.58.
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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