Insider Selling: NantHealth Inc (NH) COO Sells 6,175 Shares of Stock

NantHealth Inc (NASDAQ:NH) COO Ronald Allen Louks sold 6,175 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $3.52, for a total value of $21,736.00. Following the completion of the sale, the chief operating officer now owns 89,690 shares of the company’s stock, valued at approximately $315,708.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ronald Allen Louks also recently made the following trade(s):

  • On Wednesday, December 6th, Ronald Allen Louks sold 5,245 shares of NantHealth stock. The shares were sold at an average price of $3.03, for a total value of $15,892.35.
  • On Monday, November 6th, Ronald Allen Louks sold 6,705 shares of NantHealth stock. The shares were sold at an average price of $3.39, for a total value of $22,729.95.

Shares of NantHealth Inc (NASDAQ NH) traded up $0.29 during trading on Tuesday, hitting $3.90. The stock had a trading volume of 265,471 shares, compared to its average volume of 191,617. The firm has a market capitalization of $406.45 and a price-to-earnings ratio of -2.67. The company has a quick ratio of 2.36, a current ratio of 2.38 and a debt-to-equity ratio of 0.93. NantHealth Inc has a 12 month low of $2.60 and a 12 month high of $10.26.

NantHealth (NASDAQ:NH) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. The firm had revenue of $21.76 million for the quarter, compared to analyst estimates of $29.42 million. NantHealth had a negative return on equity of 46.09% and a negative net margin of 225.76%. NantHealth’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) earnings per share. equities analysts anticipate that NantHealth Inc will post -1.35 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on NH shares. Zacks Investment Research lowered NantHealth from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and set a $5.00 target price on shares of NantHealth in a research report on Thursday, September 28th. Canaccord Genuity cut their target price on NantHealth from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Finally, BidaskClub lowered NantHealth from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.90.

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. acquired a new position in NantHealth during the second quarter valued at $102,000. GSA Capital Partners LLP acquired a new position in NantHealth during the second quarter valued at $121,000. Teachers Advisors LLC raised its position in NantHealth by 351.8% during the second quarter. Teachers Advisors LLC now owns 31,578 shares of the company’s stock valued at $134,000 after buying an additional 24,588 shares during the period. California State Teachers Retirement System raised its position in NantHealth by 132.4% during the second quarter. California State Teachers Retirement System now owns 31,600 shares of the company’s stock valued at $134,000 after buying an additional 18,000 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new position in NantHealth during the third quarter valued at $180,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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About NantHealth

NantHealth, Inc is a healthcare cloud-based information technology (IT) company. The Company is engaged in converging science and technology through a single integrated clinical platform, to provide actionable health information at the point of care. The Company offers the Genomic Proteomic Spectrometry (GPS) Cancer test, a molecular test and decision support solution that measures the proteins present in the patient’s tumor tissue, combined with whole genomic and transcriptomic sequencing of tumor and normal samples.

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