Orsula V. Knowlton Sells 8,000 Shares of Tabula Rasa HealthCare Inc (NASDAQ:TRHC) Stock

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Tabula Rasa HealthCare Inc (NASDAQ:TRHC) President Orsula V. Knowlton sold 8,000 shares of Tabula Rasa HealthCare stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $47.11, for a total transaction of $376,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TRHC stock opened at $45.35 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.80 and a quick ratio of 1.73. Tabula Rasa HealthCare Inc has a fifty-two week low of $40.86 and a fifty-two week high of $91.16. The company has a market capitalization of $964.41 million, a P/E ratio of 133.38 and a beta of 1.68.

Tabula Rasa HealthCare (NASDAQ:TRHC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). Tabula Rasa HealthCare had a negative net margin of 18.15% and a positive return on equity of 4.22%. The firm had revenue of $60.96 million during the quarter, compared to analysts’ expectations of $59.24 million. As a group, sell-side analysts forecast that Tabula Rasa HealthCare Inc will post -0.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRHC. M&T Bank Corp acquired a new stake in Tabula Rasa HealthCare during the 4th quarter worth $33,749,000. Citigroup Inc. grew its holdings in Tabula Rasa HealthCare by 2,337.1% during the 1st quarter. Citigroup Inc. now owns 309,588 shares of the company’s stock worth $17,467,000 after acquiring an additional 296,885 shares during the period. Macquarie Group Ltd. grew its holdings in Tabula Rasa HealthCare by 1,418.9% during the 4th quarter. Macquarie Group Ltd. now owns 316,040 shares of the company’s stock worth $20,151,000 after acquiring an additional 295,233 shares during the period. Wellington Management Group LLP acquired a new stake in Tabula Rasa HealthCare during the 1st quarter worth $12,233,000. Finally, Rice Hall James & Associates LLC acquired a new stake in Tabula Rasa HealthCare during the 1st quarter worth $9,923,000. 86.66% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $99.00 target price on shares of Tabula Rasa HealthCare in a research note on Monday, May 13th. ValuEngine cut shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. BidaskClub upgraded shares of Tabula Rasa HealthCare from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Oppenheimer cut their target price on shares of Tabula Rasa HealthCare from $97.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, March 6th. Finally, Zacks Investment Research cut shares of Tabula Rasa HealthCare from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tabula Rasa HealthCare presently has an average rating of “Buy” and a consensus target price of $82.12.

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About Tabula Rasa HealthCare

Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the field of medication safety in the United States. The company's proprietary Medication Risk Mitigation Matrix delivers a multi-drug review, which identifies medication-related risks. Its cloud-based software applications include EireneRx, a medication decision-support and e-prescribing platform to access patients' medication-related information; and MedWise that provides medication decision support components for clients seeking to manage their medication risk and improve medication outcomes, and patient relationships by enhancing their existing systems.

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