Insider Selling: HealthStream (NASDAQ:HSTM) Director Sells $420,000.00 in Stock

Key Points

• HealthStream director Linda Rebrovick sold 12,000 shares at $35 each for $420,000 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 23.38% to 39,329 shares.
• HealthStream shares traded near a one-year high at $35.16, with a market capitalization of approximately $1.03 billion; the stock has risen substantially above its 50-day and 200-day moving averages.
• The company recently exceeded quarterly earnings and revenue estimates, while analysts maintain an overall “Hold” rating with an average price target of $27; institutional investors own about 69.6% of outstanding shares.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) Director Linda Rebrovick sold 12,000 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the sale, the director directly owned 39,329 shares in the company, valued at $1,376,515. This trade represents a 23.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Price Performance

Shares of NASDAQ:HSTM traded up $0.57 during mid-day trading on Friday, reaching $35.16. 205,962 shares of the company were exchanged, compared to its average volume of 253,140. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 3.88 and a beta of 0.42. The firm's 50-day simple moving average is $30.27 and its 200 day simple moving average is $27.03. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $35.23.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. The business had revenue of $83.73 million during the quarter, compared to analyst estimates of $80.82 million. On average, research analysts forecast that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were paid a $0.0350 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 17th. HealthStream's dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on shares of HealthStream from $24.00 to $27.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of HealthStream from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Freedom Capital raised HealthStream to a "hold" rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.00.

Hedge Funds Weigh In On HealthStream

Several hedge funds have recently made changes to their positions in HSTM. BlackRock Inc. purchased a new stake in shares of HealthStream in the 2nd quarter valued at about $111,184,000. Copeland Capital Management LLC grew its stake in HealthStream by 43.8% during the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company's stock worth $26,441,000 after buying an additional 389,186 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in HealthStream during the 2nd quarter worth approximately $6,199,000. Man Group plc purchased a new position in HealthStream during the 2nd quarter worth approximately $3,894,000. Finally, Bank of America Corp DE acquired a new position in HealthStream during the second quarter worth approximately $3,349,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.