Tabula Rasa HealthCare (TRHC) Trading Down 6.1% on Insider Selling

Tabula Rasa HealthCare Inc (NASDAQ:TRHC) shares were down 6.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $31.64 and last traded at $32.25. Approximately 582,097 shares were traded during trading, an increase of 133% from the average daily volume of 249,872 shares. The stock had previously closed at $34.33.

Specifically, CFO Brian W. Adams purchased 5,391 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average cost of $14.23 per share, for a total transaction of $76,713.93. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Growth Fund 1Q Lp Originate sold 684,180 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $25.85, for a total value of $17,686,053.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,359,422 shares of company stock worth $37,411,141. Corporate insiders own 45.80% of the company’s stock.

A number of research firms recently commented on TRHC. Zacks Investment Research upgraded Tabula Rasa HealthCare from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Thursday, January 11th. Citigroup began coverage on Tabula Rasa HealthCare in a research report on Thursday, January 4th. They set a “buy” rating on the stock. BidaskClub upgraded Tabula Rasa HealthCare from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Oppenheimer began coverage on Tabula Rasa HealthCare in a research report on Monday, December 18th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, William Blair began coverage on Tabula Rasa HealthCare in a research report on Monday, December 11th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.78.

The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm has a market cap of $612.76, a price-to-earnings ratio of -129.92, a PEG ratio of 3.58 and a beta of 3.93.

A number of large investors have recently bought and sold shares of the business. Hood River Capital Management LLC lifted its holdings in Tabula Rasa HealthCare by 17.1% during the 4th quarter. Hood River Capital Management LLC now owns 883,290 shares of the company’s stock worth $24,776,000 after buying an additional 129,031 shares in the last quarter. Ranger Investment Management L.P. lifted its holdings in Tabula Rasa HealthCare by 896.7% during the 4th quarter. Ranger Investment Management L.P. now owns 777,341 shares of the company’s stock worth $21,804,000 after buying an additional 699,352 shares in the last quarter. BlackRock Inc. lifted its holdings in Tabula Rasa HealthCare by 2.9% during the 4th quarter. BlackRock Inc. now owns 425,027 shares of the company’s stock worth $11,922,000 after buying an additional 12,121 shares in the last quarter. Jennison Associates LLC lifted its holdings in Tabula Rasa HealthCare by 3.5% during the 4th quarter. Jennison Associates LLC now owns 412,387 shares of the company’s stock worth $11,567,000 after buying an additional 13,932 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Tabula Rasa HealthCare during the 4th quarter worth $9,559,000. 41.58% of the stock is currently owned by hedge funds and other institutional investors.

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Tabula Rasa HealthCare Company Profile

Tabula Rasa HealthCare, Inc (Tabula Rasa), formerly CareKinesis, Inc, is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs.

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