Athenahealth Inc (ATHN) Files Form 4 Insider Selling : Jonathan Bush Sells 4,000 Shares

Athenahealth Inc (ATHN): Jonathan Bush , CEO and President of Athenahealth Inc sold 4,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $132.30 per share for a total value of $528,368.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Karl Stubelis (VP and Corporate Controller) sold 547 shares at $138.64 per share price.On Apr 6, 2016, Ed Park (EVP and COO) sold 1,500 shares at $139.41 per share price.Also, On Apr 4, 2016, Jonathan Bush (CEO and President) sold 4,000 shares at $138.16 per share price.On Apr 4, 2016, Brandon H Hull (director) sold 800 shares at $137.72 per share price.

Shares of athenahealth Inc (ATHN) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.64 points or -0.48% at $132.66 with 7,60,744 shares getting traded. Post opening the session at $133.27, the shares hit an intraday low of $131.41 and an intraday high of $133.27 and the price vacillated in this range throughout the day. The company has a market cap of $5,209 M and the number of outstanding shares has been calculated to be 3,92,63,333 shares. The 52-week high of athenahealth Inc is $170.42 and the 52-week low is $110.68.

athenahealth Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.athenahealth Inc is Upgraded by Topeka Capital Markets to Buy while Lowering the Price Target of the company shares to $ 160 from a previous price target of $169 . Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 8, 2016.

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

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