In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Athenahealth Inc. (NASDAQ:ATHN) reported that Elliott Associates, L.p. has picked up 119,999 of common stock as of 2017-05-18.
The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 119,999 representing less than 1% stake in the company.
For those not familiar with the company, athenahealth, Inc. provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet. The Company has a range of network-enabled services to support healthcare providers across the continuum of care. The Company offers various combinations of its services to its clients, including athenaOne and athenaOne for Hospitals and Health Systems, depending on whether they are medical groups and practices or hospitals and larger health systems. As of December 31, 2016, the Company connected care across a national network of approximately 88,000 providers and approximately 86 million patients. Its suite of network-enabled services includes athenaCollector, athenaClinicals, athenaCommunicator, athenaCoordinator, Population Health and Epocrates.
A glance at Athenahealth Inc. (NASDAQ:ATHN)’s key stats reveals a current market capitalization of 4.86 Billion based on 39.83 Million shares outstanding and a price at last close of $125.79 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2010-05-10, Winkenwerder picked up 3,000 at a purchase price of $27.85. This brings their total holding to 3,000 as of the date of the filing.
On the sell side, the most recent transaction saw Porter unload 300 shares at a sale price of $109.48. This brings their total holding to 19,303.
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 Athenahealth Inc. (NASDAQ:ATHN) as things move forward to see if its progress aligns with these transactions.
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