Guardant Health Inc (NASDAQ:GH) Chairman Amirali Talasaz sold 100,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $100.17, for a total transaction of $10,017,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

GH opened at $98.62 on Friday. The firm has a market cap of $9.17 billion and a price-to-earnings ratio of -35.22. Guardant Health Inc has a fifty-two week low of $27.04 and a fifty-two week high of $112.21. The company’s 50-day moving average price is $94.54 and its 200 day moving average price is $77.82.

Guardant Health (NASDAQ:GH) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.21. The firm had revenue of $53.98 million for the quarter, compared to analyst estimates of $35.97 million. Guardant Health had a negative net margin of 60.08% and a negative return on equity of 22.93%. Guardant Health’s quarterly revenue was up 178.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.75) earnings per share. Equities analysts anticipate that Guardant Health Inc will post -1.27 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GH. Advantage Investment Management LLC raised its stake in Guardant Health by 200.0% during the second quarter. Advantage Investment Management LLC now owns 450 shares of the company’s stock worth $39,000 after acquiring an additional 300 shares during the period. HM Payson & Co. acquired a new stake in shares of Guardant Health in the second quarter valued at approximately $43,000. Mascoma Wealth Management LLC acquired a new stake in shares of Guardant Health in the first quarter valued at approximately $54,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Guardant Health in the second quarter valued at approximately $62,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Guardant Health in the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Cowen set a $110.00 target price on shares of Guardant Health and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Guardant Health from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of Guardant Health from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $125.00 price objective (up previously from $96.00) on shares of Guardant Health in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Guardant Health has a consensus rating of “Buy” and an average target price of $111.80.

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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