Heartflow (NASDAQ:HTFL) Trading 8.6% Higher After Insider Buying Activity

Heartflow, Inc. (NASDAQ:HTFL) shares rose 8.6% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $29.54 and last traded at $28.54. Approximately 147,478 shares traded hands during trading, a decline of 69% from the average daily volume of 470,496 shares. The stock had previously closed at $26.29.

Specifically, Director Jeffrey C. Lightcap acquired 40,000 shares of Heartflow stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $26.34 per share, with a total value of $1,053,600.00. Following the purchase, the director owned 40,000 shares in the company, valued at $1,053,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HTFL. Zacks Research raised shares of Heartflow to a “hold” rating in a research note on Wednesday, September 3rd. Morgan Stanley began coverage on Heartflow in a research report on Tuesday, September 2nd. They set an “equal weight” rating and a $35.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Heartflow from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Canaccord Genuity Group boosted their target price on shares of Heartflow from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Heartflow in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.60.

Heartflow Stock Up 8.6%

The business has a 50 day simple moving average of $32.06.

Heartflow (NASDAQ:HTFL) last released its quarterly earnings data on Friday, September 19th. The company reported ($1.46) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($1.26). The business had revenue of $43.42 million for the quarter, compared to analysts’ expectations of $43.20 million.

Hedge Funds Weigh In On Heartflow

Institutional investors have recently added to or reduced their stakes in the business. TFC Financial Management Inc. purchased a new position in Heartflow during the 3rd quarter valued at about $40,000. Legal & General Group Plc bought a new stake in shares of Heartflow during the third quarter worth $59,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Heartflow during the third quarter valued at $234,000. Legato Capital Management LLC purchased a new position in shares of Heartflow in the third quarter valued at approximately $243,000. Finally, Sandia Investment Management LP purchased a new stake in Heartflow in the third quarter valued at approximately $252,000.

Heartflow Company Profile

We have pioneered the use of software and AI to deliver a more accurate and clinically effective non-invasive solution for diagnosing and managing coronary artery disease (“CAD”), a leading cause of death worldwide. As of March 31, 2025, our Heartflow Platform has been used to assess CAD in more than 400,000 patients, including 132,000 in 2024 alone.