Heartflow (NASDAQ:HTFL) Shares Up 8.6% After Insider Buying Activity

Heartflow, Inc. (NASDAQ:HTFL)’s stock price shot up 8.6% during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $29.54 and last traded at $28.54. 147,478 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 470,496 shares. The stock had previously closed at $26.29.

Specifically, Director Jeffrey C. Lightcap acquired 40,000 shares of Heartflow stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $1,053,600.00. Following the transaction, the director directly owned 40,000 shares of the company’s stock, valued at $1,053,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

HTFL has been the topic of several recent research reports. Zacks Research upgraded shares of Heartflow to a “hold” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Heartflow from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Heartflow in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Heartflow from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Finally, Morgan Stanley assumed coverage on Heartflow in a research note on Tuesday, September 2nd. They issued an “equal weight” rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.60.

Heartflow Stock Up 8.6%

The stock has a 50-day moving average of $32.06.

Heartflow (NASDAQ:HTFL) last announced its earnings results on Friday, September 19th. The company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.26). The company had revenue of $43.42 million during the quarter, compared to the consensus estimate of $43.20 million.

Institutional Investors Weigh In On Heartflow

A number of institutional investors have recently modified their holdings of the stock. TFC Financial Management Inc. bought a new stake in shares of Heartflow during the 3rd quarter worth about $40,000. Emerald Mutual Fund Advisers Trust acquired a new position in Heartflow in the third quarter valued at approximately $4,418,000. TrueMark Investments LLC acquired a new stake in shares of Heartflow during the third quarter worth $918,000. Baillie Gifford & Co. acquired a new stake in Heartflow in the third quarter valued at $101,182,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Heartflow in the third quarter valued at about $234,000.

About Heartflow

We have pioneered the use of software and AI to deliver a more accurate and clinically effective non-invasive solution for diagnosing and managing coronary artery disease (“CAD”), a leading cause of death worldwide. As of March 31, 2025, our Heartflow Platform has been used to assess CAD in more than 400,000 patients, including 132,000 in 2024 alone.