Heartflow (NASDAQ:HTFL) CEO Sells $1,361,500.00 in Stock

Heartflow, Inc. (NASDAQ:HTFL) CEO John C.M. Farquhar sold 27,230 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $50.00, for a total value of $1,361,500.00. Following the completion of the transaction, the chief executive officer owned 360,814 shares in the company, valued at $18,040,700. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Tuesday, August 18th, John C.M. Farquhar sold 32,676 shares of Heartflow stock. The stock was sold at an average price of $45.00, for a total transaction of $1,470,420.00.
• On Friday, August 14th, John C.M. Farquhar sold 15,560 shares of Heartflow stock. The shares were sold at an average price of $39.06, for a total transaction of $607,773.60.
• On Monday, August 10th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The stock was sold at an average price of $28.31, for a total transaction of $638,730.22.
• On Friday, July 10th, John C.M. Farquhar sold 22,562 shares of Heartflow stock. The shares were sold at an average price of $27.75, for a total transaction of $626,095.50.
• 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 value of $643,017.00.

Heartflow Price Performance

HTFL traded down $0.31 during trading on Tuesday, reaching $49.89. 1,748,540 shares of the stock traded hands, compared to its average volume of 1,534,533. The stock’s 50-day simple moving average is $31.00 and its two-hundred day simple moving average is $28.47. Heartflow, Inc. has a fifty-two week low of $20.13 and a fifty-two week high of $51.19. The stock has a market cap of $4.34 billion and a price-to-earnings ratio of -27.26.

Heartflow (NASDAQ:HTFL) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, topping 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 firm’s revenue was up 47.7% on a year-over-year basis. Research analysts anticipate that Heartflow, Inc. will post -0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HTFL has been the subject of a number of recent research reports. Robert W. Baird set a $45.00 price objective on shares of Heartflow in a report on Friday, August 14th. William Blair started coverage on Heartflow in a research note on Monday, May 4th. They set an “outperform” rating for the company. Benchmark reissued a “buy” rating on shares of Heartflow in a report on Friday, August 14th. Freedom Capital upgraded Heartflow to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus upped their target price on Heartflow from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.43.

Institutional Trading of Heartflow

Several hedge funds have recently added to or reduced their stakes in HTFL. Caitong International Asset Management Co. Ltd acquired a new stake in Heartflow in the 4th quarter valued at approximately $27,000. Russell Investments Group Ltd. acquired a new position in Heartflow during the 4th quarter valued at $45,000. Essential Partners LLC bought a new stake in Heartflow in the 1st quarter valued at $57,000. Legal & General Group Plc acquired a new stake in Heartflow in the 3rd quarter worth $59,000. Finally, Strs Ohio bought a new position in shares of Heartflow during the 4th quarter worth about $99,000.

Heartflow Company Profile

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.