Lisanti Capital Growth LLC Takes Position in Heartflow, Inc. $HTFL

Lisanti Capital Growth LLC acquired a new stake in Heartflow, Inc. (NASDAQ:HTFL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,164 shares of the company’s stock, valued at approximately $982,000.

Other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new position in shares of Heartflow during the third quarter worth approximately $101,182,000. Emerald Mutual Fund Advisers Trust acquired a new position in Heartflow during the 3rd quarter worth $4,418,000. New York State Common Retirement Fund bought a new position in shares of Heartflow in the third quarter worth $4,015,000. TrueMark Investments LLC acquired a new position in shares of Heartflow during the third quarter valued at $918,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Heartflow in the third quarter worth about $234,000.

Analysts Set New Price Targets

Several research firms have commented on HTFL. Stifel Nicolaus raised their target price on shares of Heartflow from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Canaccord Genuity Group raised their price objective on shares of Heartflow from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company initiated coverage on Heartflow in a report on Wednesday. They set an “overweight” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Heartflow from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Heartflow in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Heartflow Stock Performance

Heartflow stock opened at $29.87 on Friday. Heartflow, Inc. has a 1 year low of $25.38 and a 1 year high of $41.22. The business has a 50 day simple moving average of $30.71. The firm has a market capitalization of $2.54 billion and a price-to-earnings ratio of -16.50.

Insider Activity at Heartflow

In related news, Director Jeffrey C. Lightcap purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $1,053,600.00. Following the transaction, the director directly owned 40,000 shares of the company’s stock, valued at $1,053,600. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.