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

Key Points

• CEO John C.M. Farquhar sold 22,562 Heartflow shares at an average price of $28.31, generating $638,730.22. The Rule 10b5-1 transaction reduced his direct holdings by 4.92% to 436,280 shares.
• Heartflow shares rose 1.0% to $29.85, while the company reported quarterly EPS of -$0.16, beating estimates of -$0.24. Revenue reached $52.59 million, up 41.3% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $36.57; several institutional investors also increased their positions.

Heartflow, Inc. (NASDAQ:HTFL - Get Free Report) CEO John C.M. Farquhar sold 22,562 shares of Heartflow stock in a transaction on Monday, August 10th. The stock was sold at an average price of $28.31, for a total transaction of $638,730.22. Following the sale, the chief executive officer directly owned 436,280 shares of the company's stock, valued at $12,351,086.80. This represents a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 value of $626,095.50.
• On Wednesday, June 24th, John C.M. Farquhar sold 38,900 shares of Heartflow stock. The stock was sold at an average price of $35.00, for a total value 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 Stock Up 1.0%

NASDAQ HTFL traded up $0.31 on Wednesday, reaching $29.85. The company had a trading volume of 1,081,029 shares, compared to its average volume of 1,418,309. Heartflow, Inc. has a 52 week low of $20.13 and a 52 week high of $41.22. The stock's 50 day moving average is $28.74 and its 200-day moving average is $27.73. The stock has a market cap of $2.57 billion and a price-to-earnings ratio of -9.60.

Heartflow (NASDAQ:HTFL - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.08. The company had revenue of $52.59 million for the quarter. The company's revenue was up 41.3% on a year-over-year basis. As a group, analysts forecast that Heartflow, Inc. will post -0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HTFL. Freedom Capital raised shares of Heartflow to a "strong-buy" rating in a research note on Tuesday, June 30th. Canaccord Genuity Group reduced their price target on shares of Heartflow from $43.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, May 15th. Wells Fargo & Company boosted their price target on shares of Heartflow from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Piper Sandler reissued an "overweight" rating on shares of Heartflow in a research note on Thursday, June 11th. Finally, Robert W. Baird started coverage on Heartflow in a research report on Friday, July 31st. They set an "outperform" rating and a $34.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.57.

Institutional Investors Weigh In On Heartflow

Several large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Heartflow by 342.5% during the first quarter. Sei Investments Co. now owns 67,048 shares of the company's stock worth $1,631,000 after buying an additional 51,895 shares during the period. Quantinno Capital Management LP acquired a new stake in Heartflow in the 1st quarter valued at approximately $1,734,000. Janus Henderson Group PLC raised its position in Heartflow by 152.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,180,976 shares of the company's stock valued at $53,063,000 after buying an additional 1,315,416 shares during the last quarter. Rock Springs Capital Management LP lifted its stake in Heartflow by 106.2% in the 1st quarter. Rock Springs Capital Management LP now owns 572,500 shares of the company's stock valued at $13,929,000 after acquiring an additional 294,800 shares in the last quarter. Finally, Seven Grand Managers LLC boosted its position in Heartflow by 100.0% during the 4th quarter. Seven Grand Managers LLC now owns 100,000 shares of the company's stock worth $2,915,000 after acquiring an additional 50,000 shares during 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.

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