athenahealth Inc. (ATHN) CEO Jonathan Bush Sells 4,000 Shares of Stock
athenahealth Inc. (NASDAQ:ATHN) CEO Jonathan Bush sold 4,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $124.34, for a total transaction of $497,360.00. Following the completion of the transaction, the chief executive officer now directly owns 312,109 shares of the company’s stock, valued at approximately $38,807,633.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Jonathan Bush also recently made the following trade(s):
- On Monday, August 1st, Jonathan Bush sold 4,000 shares of athenahealth stock. The shares were sold at an average price of $128.19, for a total transaction of $512,760.00.
athenahealth Inc. (NASDAQ:ATHN) opened at 124.95 on Thursday. The firm has a 50 day moving average price of $122.94 and a 200-day moving average price of $129.97. athenahealth Inc. has a 12 month low of $114.59 and a 12 month high of $170.42. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 459.37 and a beta of 1.28.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. The firm had revenue of $261.90 million for the quarter, compared to analysts’ expectations of $274.07 million. On average, equities analysts forecast that athenahealth Inc. will post $1.77 EPS for the current year.
Several large investors have recently bought and sold shares of the company. FMR LLC increased its stake in athenahealth by 0.8% in the second quarter. FMR LLC now owns 5,889,499 shares of the company’s stock worth $812,810,000 after buying an additional 45,907 shares during the period. Janus Capital Management LLC increased its stake in athenahealth by 22.3% in the second quarter. Janus Capital Management LLC now owns 4,104,647 shares of the company’s stock worth $566,471,000 after buying an additional 749,497 shares during the period. Wellington Management Group LLP increased its stake in athenahealth by 10.3% in the first quarter. Wellington Management Group LLP now owns 3,645,875 shares of the company’s stock worth $505,975,000 after buying an additional 339,472 shares during the period. Vanguard Group Inc. increased its stake in athenahealth by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,761,611 shares of the company’s stock worth $381,130,000 after buying an additional 56,201 shares during the period. Finally, Riverbridge Partners LLC increased its stake in athenahealth by 1.6% in the second quarter. Riverbridge Partners LLC now owns 980,305 shares of the company’s stock worth $135,292,000 after buying an additional 15,726 shares during the period.
Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of athenahealth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co lowered their price target on athenahealth from $145.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, July 22nd. Deutsche Bank AG cut athenahealth from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $147.00 in a report on Friday, July 22nd. Canaccord Genuity restated a “hold” rating and issued a $142.00 price target on shares of athenahealth in a report on Wednesday, June 29th. Finally, Leerink Swann restated a “hold” rating on shares of athenahealth in a report on Thursday, June 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target 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.
Receive News & Stock Ratings for athenahealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth Inc. and related stocks with our FREE daily email newsletter.