Heartflow (NASDAQ:HTFL) CFO Vikram Verghese Sells 7,579 Shares of Stock

Heartflow, Inc. (NASDAQ:HTFL) CFO Vikram Verghese sold 7,579 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $50.11, for a total value of $379,783.69. Following the transaction, the chief financial officer owned 171,949 shares of the company’s stock, valued at approximately $8,616,364.39. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vikram Verghese also recently made the following trade(s):

• On Friday, September 18th, Vikram Verghese sold 16,766 shares of Heartflow stock. The shares were sold at an average price of $50.75, for a total transaction of $850,874.50.
• On Tuesday, September 15th, Vikram Verghese sold 668 shares of Heartflow stock. The shares were sold at an average price of $50.01, for a total transaction of $33,406.68.
• On Monday, September 14th, Vikram Verghese sold 4,593 shares of Heartflow stock. The stock was sold at an average price of $50.24, for a total transaction of $230,752.32.
• On Friday, September 11th, Vikram Verghese sold 29,714 shares of Heartflow stock. The stock was sold at an average price of $50.06, for a total transaction of $1,487,482.84.
• On Tuesday, September 8th, Vikram Verghese sold 6,640 shares of Heartflow stock. The shares were sold at an average price of $50.03, for a total value of $332,199.20.
• On Thursday, September 3rd, Vikram Verghese sold 27,540 shares of Heartflow stock. The stock was sold at an average price of $49.69, for a total value of $1,368,462.60.
• On Wednesday, September 2nd, Vikram Verghese sold 5,876 shares of Heartflow stock. The shares were sold at an average price of $50.60, for a total value of $297,325.60.

Heartflow Trading Up 2.4%

HTFL stock opened at $50.75 on Friday. The business’s fifty day moving average price is $37.75 and its 200 day moving average price is $31.70. Heartflow, Inc. has a 12-month low of $20.13 and a 12-month high of $52.22. The company has a market capitalization of $4.41 billion and a PE ratio of -27.73.

Heartflow (NASDAQ:HTFL) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.15. The company had revenue of $64.08 million during the quarter. Heartflow had a negative return on equity of 23.52% and a negative net margin of 55.82%.The business’s revenue for the quarter was up 47.7% on a year-over-year basis. Research analysts predict that Heartflow, Inc. will post -0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HTFL shares. Morgan Stanley lifted their price objective on shares of Heartflow from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Stifel Nicolaus increased their target price on shares of Heartflow from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Heartflow from $35.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Weiss Ratings raised Heartflow from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Finally, Canaccord Genuity Group increased their price objective on Heartflow from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Heartflow has an average rating of “Moderate Buy” and an average target price of $44.88.

Hedge Funds Weigh In On Heartflow

Institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new position in Heartflow in the second quarter worth approximately $590,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Heartflow in the 2nd quarter valued at $53,000. Squarepoint Ops LLC raised its holdings in shares of Heartflow by 72.0% in the 2nd quarter. Squarepoint Ops LLC now owns 87,052 shares of the company’s stock valued at $2,554,000 after purchasing an additional 36,441 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Heartflow during the 2nd quarter worth $312,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Heartflow during the second quarter worth $1,557,000.

Heartflow Company Profile

Heartflow, Inc is a medical technology company that develops artificial intelligence and imaging solutions for the diagnosis and management of coronary artery disease. Its platform analyzes data from coronary computed tomography angiography (CCTA) scans to create personalized, three-dimensional models of a patient’s coronary arteries.

The company’s primary offering, Heartflow Analysis, is designed to provide noninvasive estimates of fractional flow reserve derived from computed tomography (FFR^CT).