Heartflow, Inc. $HTFL Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its position in shares of Heartflow, Inc. (NASDAQ:HTFL) by 502.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 505,989 shares of the company’s stock after acquiring an additional 421,999 shares during the quarter. Eventide Asset Management LLC’s holdings in Heartflow were worth $14,750,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Heartflow in the 4th quarter valued at approximately $27,000. Legal & General Group Plc acquired a new stake in Heartflow in the 3rd quarter valued at approximately $59,000. Strs Ohio acquired a new stake in Heartflow in the 4th quarter valued at approximately $99,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Heartflow in the 4th quarter valued at approximately $131,000. Finally, Staley Capital Advisers Inc. acquired a new stake in Heartflow in the 4th quarter valued at approximately $204,000.

Wall Street Analyst Weigh In

HTFL has been the subject of several research reports. William Blair initiated coverage on shares of Heartflow in a report on Monday, May 4th. They issued an “outperform” rating for the company. Piper Sandler reiterated an “overweight” rating on shares of Heartflow in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Heartflow from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, May 15th. JPMorgan Chase & Co. dropped their target price on shares of Heartflow from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Finally, Canaccord Genuity Group dropped their target price on shares of Heartflow from $43.00 to $37.00 and set a “buy” rating for the company in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

Insiders Place Their Bets

In other Heartflow news, insider Campbell Rogers sold 64,533 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $24.64, for a total value of $1,590,093.12. Following the completion of the transaction, the insider owned 81,002 shares in the company, valued at $1,995,889.28. The trade was a 44.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John C.M. Farquhar sold 22,562 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $29.12, for a total transaction of $657,005.44. Following the completion of the transaction, the chief executive officer owned 519,397 shares of the company’s stock, valued at approximately $15,124,840.64. This trade represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,215,696 shares of company stock worth $64,552,076 over the last 90 days. Corporate insiders own 7.70% of the company’s stock.

Heartflow Price Performance

NASDAQ:HTFL opened at $33.24 on Monday. The company has a fifty day simple moving average of $29.30 and a two-hundred day simple moving average of $28.32. The company has a market cap of $2.87 billion and a price-to-earnings ratio of -10.69. Heartflow, Inc. has a 52 week low of $20.13 and a 52 week high of $41.22.

Heartflow (NASDAQ:HTFL) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. The business had revenue of $52.59 million during the quarter. Heartflow’s quarterly revenue was up 41.3% on a year-over-year basis. On average, analysts expect that Heartflow, Inc. will post -0.82 EPS for the current year.

About Heartflow

HeartFlow, Inc (NASDAQ: HTFL) is a medical technology company that develops non-invasive diagnostic solutions for coronary artery disease. The company’s core offering translates coronary CT angiography (CTA) data into a patient-specific, three-dimensional physiological model of the coronary arteries. Using advanced image processing and computational modeling, HeartFlow’s analysis estimates fractional flow reserve (FFR) values throughout the coronary tree to identify ischemia-producing lesions without the need for invasive pressure-wire measurements.

HeartFlow’s cloud-based service integrates with clinical workflows: clinicians submit coronary CTA images and receive a detailed, color-coded 3D map and report that highlights lesion-specific FFR values and physiological impact.