In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tabula Rasa HealthCare Inc. (NASDAQ:TRHC) reported that Knowlton Calvin H has picked up 1,058,070 of common stock as of 2017-06-20.
The acquisition brings the aggregate amount owned by Knowlton Calvin H to a total of 1,058,070 representing a 6.2% stake in the company.
For those not familiar with the company, Tabula Rasa HealthCare, Inc. (Tabula Rasa), formerly CareKinesis, Inc., is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs. It also provides risk adjustment services, which help its clients to properly characterize a patient’s acuity, or severity of health condition, and optimize the associated payments for care. The Company serves approximately 100 healthcare organizations that focus on populations with complex healthcare needs and extensive medication requirements. Its products and services are built around the Medication Risk Mitigation Matrix, or MRM Matrix.
A glance at Tabula Rasa HealthCare Inc. (NASDAQ:TRHC)’s key stats reveals a current market capitalization of $245.69 Million based on $17.22 Million shares outstanding and a price at last close of $13.99 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-18, Bressner picked up 2,309 at a purchase price of $11.98. This brings their total holding to 20,565 as of the date of the filing.
On the sell side, the most recent transaction saw Knowlton unload 18,000 shares at a sale price of $14.02. This brings their total holding to 907,117.
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 Tabula Rasa HealthCare Inc. (NASDAQ:TRHC) as things move forward to see if its progress aligns with these transactions.
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