HealthEquity, Inc. (NASDAQ:HQY) Director Sells $837,870.00 in Stock

HealthEquity, Inc. (NASDAQ:HQY) Director Robert W. Selander sold 8,250 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $101.56, for a total value of $837,870.00. Following the completion of the transaction, the director now owns 66,469 shares in the company, valued at $6,750,591.64. The trade was a 11.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

HealthEquity Stock Up 2.1 %

Shares of NASDAQ:HQY traded up $1.97 during trading on Wednesday, reaching $97.36. 845,139 shares of the stock were exchanged, compared to its average volume of 634,217. The stock has a fifty day moving average of $93.11 and a two-hundred day moving average of $83.90. HealthEquity, Inc. has a 1-year low of $62.10 and a 1-year high of $105.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 78.54, a price-to-earnings-growth ratio of 1.57 and a beta of 0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Raymond James Trust N.A. raised its position in HealthEquity by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 2,905 shares of the company’s stock valued at $238,000 after buying an additional 132 shares during the last quarter. Truist Financial Corp lifted its position in shares of HealthEquity by 7.0% during the second quarter. Truist Financial Corp now owns 2,864 shares of the company’s stock valued at $247,000 after purchasing an additional 188 shares in the last quarter. Nisa Investment Advisors LLC grew its position in HealthEquity by 7.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,854 shares of the company’s stock worth $246,000 after purchasing an additional 198 shares in the last quarter. Elk River Wealth Management LLC increased its stake in HealthEquity by 0.3% in the 3rd quarter. Elk River Wealth Management LLC now owns 66,181 shares of the company’s stock valued at $5,417,000 after buying an additional 217 shares during the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in shares of HealthEquity by 5.8% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,218 shares of the company’s stock worth $330,000 after buying an additional 233 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Mizuho initiated coverage on shares of HealthEquity in a report on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of HealthEquity from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. BTIG Research raised their target price on HealthEquity from $110.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JMP Securities boosted their target price on HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of HealthEquity from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.71.

HealthEquity Company Profile

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.