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Insider Sale Alert: Health Catalyst Inc [HCAT] – Is it Time to sell?

Health Catalyst Inc’s filing revealed that its Chief People Officer Llewelyn Linda unloaded Company’s shares for reported $12251.0 on Apr 15 ’24. In the deal valued at $6.11 per share,2,005 shares were sold. As a result of this transaction, Llewelyn Linda now holds 126,226 shares worth roughly $ 0.7 million.

Then, Llewelyn Linda sold 2,005 shares, generating $15,648 in total proceeds. Upon selling the shares at $7.80, the Chief People Officer now owns 128,231 shares.

Before that, Burton Daniel D. bought 26,200 shares. Health Catalyst Inc shares valued at $204,525 were divested by the Chief Executive Officer at a price of $7.81 per share. As a result of the transaction, Burton Daniel D. now holds 1,172,623 shares, worth roughly $6.54 million.

KeyBanc Capital Markets downgraded its Health Catalyst Inc [HCAT] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an In-line” to “an Outperform”. Barclays began covering HCAT with “an Overweight” recommendation on January 03, 2024. JP Morgan revised its rating on December 13, 2023. It rated HCAT as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of HCAT

On Friday, Health Catalyst Inc [NASDAQ:HCAT] saw its stock fall -2.02% to $5.58. Over the last five days, the stock has lost -8.37%. Health Catalyst Inc shares have fallen nearly -39.74% since the year began. Nevertheless, the stocks have fallen -56.84% over the past one year. While a 52-week high of $14.37 was reached on 01/12/24, a 52-week low of $5.51 was recorded on 04/19/24. SMA at 50 days reached $7.84, while 200 days put it at $9.47. A total of 0.56 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For HCAT Stock

The 24-hour chart illustrates a support level at 5.50, which if violated will result in even more drops to 5.42. On the upside, there is a resistance level at 5.67. A further resistance level may holdings at 5.76. The Relative Strength Index (RSI) on the 14-day chart is 25.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.02%. Stochastics %K at 6.04% indicates the stock is a buying.

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