Insider Selling: athenahealth, Inc. (NASDAQ:ATHN) SVP Sells 300 Shares of Stock

athenahealth, Inc. (NASDAQ:ATHN) SVP Jonathan D. Porter sold 300 shares of athenahealth stock in a transaction on Monday, July 17th. The stock was sold at an average price of $143.13, for a total transaction of $42,939.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jonathan D. Porter also recently made the following trade(s):

• On Thursday, June 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The stock was sold at an average price of $142.27, for a total transaction of $42,681.00.
• On Monday, May 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The stock was sold at an average price of $109.48, for a total transaction of $32,844.00.

athenahealth, Inc. (NASDAQ ATHN) traded up 9.64% during mid-day trading on Friday, hitting $157.66. 773,394 shares of the stock were exchanged. The stock’s 50 day moving average is $141.51 and its 200 day moving average is $122.62. athenahealth, Inc. has a 52-week low of $90.11 and a 52-week high of $158.66. The stock has a market cap of $6.28 billion, a PE ratio of 310.35 and a beta of 1.79.

athenahealth (NASDAQ:ATHN) last issued its earnings results on Thursday, July 20th. The health services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $298.68 million. athenahealth had a net margin of 1.84% and a return on equity of 5.93%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. Analysts forecast that athenahealth, Inc. will post $1.86 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of ATHN. Norges Bank acquired a new stake in shares of athenahealth during the fourth quarter worth $20,750,000. Rockefeller Financial Services Inc. increased its stake in athenahealth by 13.1% in the first quarter. Rockefeller Financial Services Inc. now owns 8,445 shares of the health services provider’s stock valued at $952,000 after buying an additional 975 shares during the period. Teachers Advisors LLC increased its stake in athenahealth by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,094 shares of the health services provider’s stock valued at $7,792,000 after buying an additional 2,190 shares during the period. Allen Investment Management LLC purchased a new stake in athenahealth during the first quarter valued at $415,000. Finally, Highbridge Capital Management LLC purchased a new stake in athenahealth during the fourth quarter valued at $13,599,000.

Several research analysts have recently weighed in on ATHN shares. Jefferies Group LLC reiterated a “sell” rating and set a $95.00 price target on shares of athenahealth in a research note on Friday, March 24th. BidaskClub upgraded shares of athenahealth from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Citigroup Inc. set a $128.00 price objective on shares of athenahealth and gave the company a “buy” rating in a research report on Monday, May 1st. Cantor Fitzgerald restated a “buy” rating and set a $118.00 price objective (down from $135.00) on shares of athenahealth in a research report on Thursday, April 27th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $160.00 price objective on shares of athenahealth in a research report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $141.00.

About athenahealth

athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.