Guardant Health Inc (NASDAQ:GH) Chairman Amirali Talasaz sold 232,460 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $65.60, for a total value of $15,249,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ:GH opened at $65.50 on Thursday. Guardant Health Inc has a 12-month low of $27.04 and a 12-month high of $106.58. The stock has a market cap of $5.73 billion and a PE ratio of -23.39.
Guardant Health (NASDAQ:GH) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.05. The company had revenue of $32.87 million for the quarter, compared to the consensus estimate of $24.57 million. On average, sell-side analysts anticipate that Guardant Health Inc will post -1.5 EPS for the current fiscal year.
GH has been the topic of a number of recent research reports. Bank of America reaffirmed a “neutral” rating and set a $60.00 price objective (up from $42.00) on shares of Guardant Health in a research note on Thursday, February 28th. JPMorgan Chase & Co. raised their price objective on Guardant Health from $42.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. William Blair reaffirmed an “outperform” rating on shares of Guardant Health in a research note on Wednesday, March 13th. Zacks Investment Research cut Guardant Health from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Finally, Cowen raised their price objective on Guardant Health from $40.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $82.25.
Several hedge funds and other institutional investors have recently bought and sold shares of GH. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Guardant Health in the fourth quarter worth about $26,000. Mascoma Wealth Management LLC bought a new stake in shares of Guardant Health in the first quarter worth about $54,000. Legal & General Group Plc bought a new stake in shares of Guardant Health in the fourth quarter worth about $85,000. Citigroup Inc. bought a new stake in shares of Guardant Health in the fourth quarter worth about $94,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Guardant Health in the fourth quarter worth about $124,000. 69.47% of the stock is currently owned by institutional investors.
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About Guardant Health
Guardant Health, Inc, a precision oncology company, provides blood tests, data sets, and analytics in the United States and internationally. The company offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes; and GuardantOMNI, a broader gene panel, including genes associated with homologous recombination repair deficiency and biomarkers for immuno-oncology applications.
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