Healthequity Inc (HQY) Files Form 4 Insider Selling : Jon Kessler Sells 120,000 Shares

Healthequity Inc (HQY): Jon Kessler , President and CEO of Healthequity Inc sold 120,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $35.05 per share for a total value of $4,205,322.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Jon Kessler (President and CEO) sold 20,000 shares at $33.46 per share price.On Sep 15, 2016, Stephen Neeleman (Founder and Vice Chairman) sold 30,000 shares at $33.42 per share price.Also, On Sep 13, 2016, Jon Soldan (Exec VP, Operations) sold 25,000 shares at $33.67 per share price.On Sep 8, 2016, Ashley Dreier (Executive VP, CTO and CIO) sold 5,000 shares at $33.48 per share price.

Healthequity Inc: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Healthequity Inc which led to swings in the share price. The shares opened for trading at $35 and hit $35.61 on the upside , eventually ending the session at $35.45, with a gain of 1.49% or 0.52 points. The heightened volatility saw the trading volume jump to 4,34,047 shares. The 52-week high of the share price is $35.779 and the company has a market cap of $2,079 M . The 52-week low of the share price is at $15.8.

Healthequity Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Healthequity Inc is Reiterated by Barrington Research to Outperform and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $34 .The Rating was issued on Sep 8, 2016.

HealthEquity Inc. is a provider of a range of solutions for managing health care accounts (Health Savings Accounts (HSAs)) Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. The Company’s platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings compare treatment options and pricing evaluate and pay healthcare bills receive personalized benefit and clinical information earn wellness incentives and make educated investment choices to grow their tax-advantaged healthcare savings. The Company’s products and services include healthcare saving and spending platform health savings accounts investment advisory services reimbursement arrangements and healthcare incentives.

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