Emerald Mutual Fund Advisers Trust Makes New $4.42 Million Investment in Heartflow, Inc. $HTFL

Emerald Mutual Fund Advisers Trust purchased a new position in Heartflow, Inc. (NASDAQ:HTFL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 131,262 shares of the company’s stock, valued at approximately $4,418,000. Emerald Mutual Fund Advisers Trust owned approximately 0.16% of Heartflow as of its most recent SEC filing.

Separately, TFC Financial Management Inc. acquired a new position in Heartflow during the 3rd quarter worth $40,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HTFL shares. Stifel Nicolaus increased their price target on Heartflow from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Heartflow in a report on Monday, December 29th. Canaccord Genuity Group boosted their price target on shares of Heartflow from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Heartflow from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.60.

Insider Activity at Heartflow

In related news, Director Jeffrey C. Lightcap bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average cost of $26.34 per share, with a total value of $1,053,600.00. Following the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $1,053,600. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Heartflow Price Performance

Shares of HTFL opened at $33.50 on Friday. The firm has a market capitalization of $2.85 billion and a P/E ratio of -18.51. Heartflow, Inc. has a 52-week low of $25.38 and a 52-week high of $41.22. The company has a 50 day simple moving average of $30.34.

Heartflow Company Profile

HeartFlow, Inc (NASDAQ: HTFL) is a medical technology company that develops non-invasive diagnostic solutions for coronary artery disease. The company’s core offering translates coronary CT angiography (CTA) data into a patient-specific, three-dimensional physiological model of the coronary arteries. Using advanced image processing and computational modeling, HeartFlow’s analysis estimates fractional flow reserve (FFR) values throughout the coronary tree to identify ischemia-producing lesions without the need for invasive pressure-wire measurements.

HeartFlow’s cloud-based service integrates with clinical workflows: clinicians submit coronary CTA images and receive a detailed, color-coded 3D map and report that highlights lesion-specific FFR values and physiological impact.