Heartflow (NASDAQ:HTFL) CEO John C.M. Farquhar Sells 22,562 Shares

Heartflow, Inc. (NASDAQ:HTFL) CEO John C.M. Farquhar sold 22,562 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $27.75, for a total value of $626,095.50. Following the sale, the chief executive officer owned 435,373 shares in the company, valued at approximately $12,081,600.75. This represents a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John C.M. Farquhar also recently made the following trade(s):

• On Wednesday, June 24th, John C.M. Farquhar sold 38,900 shares of Heartflow stock. The shares were sold at an average price of $35.00, for a total transaction of $1,361,500.00.
• On Wednesday, June 10th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The stock was sold at an average price of $28.50, for a total transaction of $643,017.00.
• On Monday, May 11th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The stock was sold at an average price of $29.12, for a total transaction of $657,005.44.

Heartflow Stock Performance

HTFL stock traded down $0.56 during trading hours on Monday, reaching $26.16. The stock had a trading volume of 1,054,641 shares, compared to its average volume of 2,066,071. The stock has a 50-day simple moving average of $30.12 and a 200 day simple moving average of $28.62. Heartflow, Inc. has a fifty-two week low of $20.13 and a fifty-two week high of $41.22.

Heartflow (NASDAQ:HTFL) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.08. The firm had revenue of $52.59 million for the quarter. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, equities analysts predict that Heartflow, Inc. will post -0.82 EPS for the current year.

Analyst Upgrades and Downgrades

HTFL has been the topic of a number of recent analyst reports. Freedom Capital raised Heartflow to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded Heartflow from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group decreased their target price on Heartflow from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 15th. William Blair started coverage on Heartflow in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. cut their price target on Heartflow from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.00.

Institutional Investors Weigh In On Heartflow

A number of hedge funds and other institutional investors have recently modified their holdings of HTFL. Handelsbanken Fonder AB bought a new stake in Heartflow during the second quarter worth about $910,000. Essential Partners LLC bought a new position in Heartflow in the 1st quarter valued at about $57,000. Bank of America Corp DE raised its position in shares of Heartflow by 28.8% in the 1st quarter. Bank of America Corp DE now owns 111,702 shares of the company’s stock valued at $2,718,000 after buying an additional 24,964 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Heartflow by 152.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,180,976 shares of the company’s stock worth $53,063,000 after acquiring an additional 1,315,416 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Heartflow by 41.9% during the 1st quarter. California State Teachers Retirement System now owns 29,371 shares of the company’s stock worth $715,000 after acquiring an additional 8,678 shares in the last quarter.

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.