Linda Llewelyn, the Chief Individuals Officer at Well being Catalyst , Inc. (NASDAQ:), just lately bought shares of the corporate, in response to a submitting with the Securities and Alternate Fee. On January 15, Llewelyn bought 6,442 shares of widespread inventory at a median price of $5.7976 per share, totaling roughly $37,348. Following this transaction, Llewelyn retains possession of 92,260 shares within the firm. This sale was performed below a pre-arranged buying and selling plan established in March 2024, in accordance with Rule 10b5-1.The sale comes as Well being Catalyst trades close to its 52-week low of $5.35, with the inventory down over 20% prior to now week. In line with InvestingPro analysis, the inventory seems undervalued at present ranges, with analysts projecting profitability this 12 months regardless of latest market strain. InvestingPro subscribers have entry to eight extra key insights about Well being Catalyst, together with detailed monetary well being scores and complete valuation metrics.
In different latest information, Well being Catalyst has been the main target of a number of vital developments. The corporate introduced a definitive settlement to amass Upfront Healthcare Companies (NASDAQ:), a affected person engagement platform supplier, anticipated to shut within the first quarter of 2025. This acquisition goals to boost Well being Catalyst’s present affected person engagement portfolio and streamline affected person care.
Well being Catalyst additionally disclosed its constructive third-quarter monetary outcomes for 2024, with a income combine shifting again in the direction of software program. Analyst corporations corresponding to KeyBanc Capital Markets, Piper Sandler, and Stephens have proven optimism for the corporate’s efficiency, upgrading the inventory and elevating the price goal. KeyBanc upgraded Well being Catalyst from Sector Weight to Obese, whereas Piper Sandler and Stephens elevated the price goal on the corporate’s inventory.
When it comes to analyst scores, RBC Capital has reduce the inventory goal for Well being Catalyst to $7, sustaining a Sector Carry out score. This determination displays the agency’s cautious stance as they monitor Well being Catalyst’s potential to transform new shopper bookings into sustained income development. Nonetheless, the agency expressed optimism about Well being Catalyst’s bookings outlook for 2025, anticipating round 40 internet new shoppers.
These are latest developments that present buyers with insights into the monetary well being and development trajectory of Well being Catalyst. The corporate’s actions and monetary outcomes, coupled with the views of assorted analyst corporations, provide a snapshot of Well being Catalyst’s present enterprise panorama.
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