Jonathan Bush Sells 5,000 Shares of athenahealth (ATHN) Stock

Athenahealth CEO steps down; company considers sale

Athenahealth CEO steps down; company considers sale

Also, the number of hedge funds holding Athenahealth Inc in their top 10 positions was flat from 5 to 5 for the same number. Utah-based Utah Retirement has invested 0.02% in athenahealth, Inc. We Are One Seven LLC lifted its position in shares of athenahealth by 239.2% in the first quarter. Twin Tree Mngmt Lp invested in 3,413 shs or 0% of the stock. Northwestern Mutual Wealth Management Com owns 182 shares. Finally, ARK Investment Management LLC boosted its holdings in shares of athenahealth by 55.5% during the 4th quarter. Metropolitan Life Insur holds 0% or 2,949 shares. (NASDAQ:ATHN) or 221,746 shares.

Since January 2, 2018, it had 2 buys, and 23 insider sales for $12.40 million activity. (NASDAQ:ATHN) shares were bought by IMMELT JEFFREY R. Hull Brandon H sold 800 shares worth $107,896.

The resignation of Jonathan Bush is effective immediately. (NASDAQ:ATHN) was sold by Porter Jonathan D. on Monday, May 7. ROBINSON DAVID ERIC sold $669,698 worth of stock or 5,000 shares. On Thursday, March 1 the insider O'Brien Timothy John sold $420,596. $309,995 worth of athenahealth, Inc. (NASDAQ:ATHN). Ftb Advsrs owns 109 shs for 0% of their capital.

They now have a $179 target price on athenahealth (NASDAQ:ATHN). PiperJaffray's price target would indicate a possible upside of 13.69 % from the stock close price of the company. Out of 17 Wall Street analysts rating Athenahealth, 5 give it "Buy", 0 "Sell" rating, while 12 recommend "Hold".

Ratings analysis reveals 29% of Athenahealth's analysts are positive. The average target $154.28 is -2.13% below the last ($157.635) price. Jefferies Group set a $130.00 price objective on athenahealth and gave the company a "hold" rating in a research report on Tuesday, May 8th. They issued a "neutral" rating and a $147.00 target price for the company. (NASDAQ:ATHN) has "Outperform" rating given on Tuesday, May 8 by Evercore. The firm has "Hold" rating given on Tuesday, May 8 by Leerink Swann. The company rating was maintained by Oppenheimer on Wednesday, April 18. (NASDAQ:ATHN) earned "Hold" rating by Cantor Fitzgerald. 31 are the (NASDAQ:ATHN)'s ratings reports on Jun 6, 2018 according to StockzIntelligence Inc.

In a note issued to clients this morning, Citigroup reaffirmed their Hold rating on Athenahealth (NASDAQ:ATHN) shares. On Tuesday, May 22 the stock rating was maintained by Deutsche Bank with "Hold". (NASDAQ:ATHN) has "Hold" rating given on Thursday, May 24 by Cantor Fitzgerald. The stock has "Hold" rating by Berenberg on Tuesday, May 15. (NASDAQ:ATHN) earned "Buy" rating by Piper Jaffray on Friday, February 2.

The stock increased 3.88% or $5.86 during the last trading session, reaching $157. Greenleaf Tru holds 0% of its capital in athenahealth, Inc. (NASDAQ:ATHN)'s earnings release is awaited by WallStreet, Faxor reports. earnings per share of $0.62 is 121.43 % up from 2017's $0.28 EPS. ATHN outperformed by 2.32% the S&P500. During the same quarter last year, the business posted $0.32 earnings per share. equities analysts expect that athenahealth will post 2.92 earnings per share for the current fiscal year. (NASDAQ:ATHN). Adirondack Tru, New York-based fund reported 350 shs. During the same period in the previous year, the firm posted $0.32 EPS.

Elliott Management in May proposed an offer of $160 per share in cash for the company, valuing it at about $6.9 billion. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and well-known provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.The P/E ratio is 120.33. The company has a market cap of $4.34 billion, a P/E ratio of 214.49 and a beta of 1.77. athenahealth, Inc has a 1-year low of $90.11 and a 1-year high of $142.40. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

The departure marks an ignominious end at Athenahealth for Bush, 49, who helped create a software platform that serves more than 100,000 medical providers.

Athenahealth said it had begun a search process for a new chief executive, with CFO Marc Levine for now assuming "greater day-to-day operational responsibilities and oversight".

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