In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ehealth Inc. (NASDAQ:EHTH) reported that Flynn James E has picked up 1,518,246 of common stock as of 2017-05-11.
The acquisition brings the aggregate amount owned by Flynn James E to a total of 1,518,246 representing less than 8.24% stake in the company.
For those not familiar with the company, eHealth, Inc. provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers. The Company also offers various online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan, and enroll in plans online or telephonically. It markets the availability of individual and family, small business and ancillary health insurance plans of various insurance carriers through its e-commerce platforms (www.eHealth.com and www.eHealthInsurance.com).
A glance at Ehealth Inc. (NASDAQ:EHTH)’s key stats reveals a current market capitalization of 331.57 Million based on 18.43 Million shares outstanding and a price at last close of $17.73 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-04, Hurley picked up 6,500 at a purchase price of $9.12. This brings their total holding to 6,500 as of the date of the filing.
On the sell side, the most recent transaction saw Flynn unload 71,837 shares at a sale price of $11.71. This brings their total holding to 877,606.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ehealth Inc. (NASDAQ:EHTH) as things move forward to see if its progress aligns with these transactions.
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