Heartflow (NASDAQ:HTFL) CFO Vikram Verghese Sells 16,766 Shares of Stock

Heartflow, Inc. (NASDAQ:HTFL) CFO Vikram Verghese sold 16,766 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $50.75, for a total value of $850,874.50. Following the sale, the chief financial officer owned 155,183 shares in the company, valued at approximately $7,875,537.25. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Vikram Verghese sold 7,579 shares of Heartflow stock. The stock was sold at an average price of $50.11, for a total transaction of $379,783.69.
• 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 shares were 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 stock was sold at an average price of $50.60, for a total value of $297,325.60.

Heartflow Price Performance

Heartflow stock opened at $50.75 on Friday. The business has a 50 day simple moving average of $37.75 and a 200 day simple moving average of $31.70. The company has a market capitalization of $4.41 billion and a PE ratio of -27.73. Heartflow, Inc. has a one year low of $20.13 and a one year high of $52.22.

Heartflow (NASDAQ:HTFL) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.15. The firm 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 company’s quarterly revenue was up 47.7% compared to the same quarter last year. Equities analysts anticipate that Heartflow, Inc. will post -0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HTFL has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Heartflow from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Stifel Nicolaus upped their price objective on shares of Heartflow from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Canaccord Genuity Group raised their price objective on shares of Heartflow from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Benchmark reiterated a “buy” rating on shares of Heartflow in a research note on Friday, August 14th. Finally, Robert W. Baird set a $45.00 target price on Heartflow in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Heartflow has a consensus rating of “Moderate Buy” and a consensus target price of $44.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTFL. TrueMark Investments LLC grew its holdings in Heartflow by 1.4% during the 1st quarter. TrueMark Investments LLC now owns 26,885 shares of the company’s stock worth $654,000 after acquiring an additional 379 shares during the last quarter. Strs Ohio lifted its position in shares of Heartflow by 35.3% during the first quarter. Strs Ohio now owns 4,600 shares of the company’s stock worth $112,000 after purchasing an additional 1,200 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Heartflow during the second quarter worth approximately $53,000. Mayport LLC grew its stake in shares of Heartflow by 20.0% during the second quarter. Mayport LLC now owns 12,000 shares of the company’s stock valued at $352,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Essential Partners LLC acquired a new stake in shares of Heartflow in the first quarter valued at approximately $57,000.

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).