Insider Selling: Cotiviti Holdings Inc (COTV) CEO Sells $628,393.15 in Stock

Cotiviti Holdings Inc (NASDAQ:COTV) CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $37.73, for a total value of $628,393.15. Following the transaction, the chief executive officer now directly owns 2,943,302 shares of the company’s stock, valued at $111,050,784.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cotiviti Holdings Inc (NASDAQ:COTV) opened at 38.07 on Friday. The firm has a market capitalization of $3.50 billion and a P/E ratio of 52.37. The company has a 50-day moving average price of $38.49 and a 200-day moving average price of $37.17. Cotiviti Holdings Inc has a one year low of $17.50 and a one year high of $42.99.

Insider Buying and Selling by Quarter for Cotiviti Holdings (NASDAQ:COTV)

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A number of large investors have recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in Cotiviti Holdings by 502.1% in the first quarter. Quantbot Technologies LP now owns 4,775 shares of the business services provider’s stock valued at $198,000 after buying an additional 3,982 shares in the last quarter. Invictus RG acquired a new stake in Cotiviti Holdings during the first quarter valued at about $209,000. CIBC World Markets Inc. acquired a new stake in Cotiviti Holdings during the first quarter valued at about $222,000. Trexquant Investment LP acquired a new stake in Cotiviti Holdings during the first quarter valued at about $294,000. Finally, American International Group Inc. increased its stake in Cotiviti Holdings by 7.0% in the first quarter. American International Group Inc. now owns 7,785 shares of the business services provider’s stock valued at $324,000 after buying an additional 512 shares in the last quarter.

COTV has been the subject of a number of analyst reports. Jefferies Group LLC initiated coverage on Cotiviti Holdings in a research report on Thursday, April 13th. They set a “hold” rating and a $45.00 price objective for the company. Zacks Investment Research raised Cotiviti Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Citigroup Inc. initiated coverage on Cotiviti Holdings in a research report on Thursday, March 2nd. They set a “market perform” rating for the company. Raymond James Financial, Inc. initiated coverage on Cotiviti Holdings in a research report on Friday, March 3rd. They set a “mkt perform” rating for the company. Finally, William Blair reissued an “outperform” rating on shares of Cotiviti Holdings in a research report on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.45.

Cotiviti Holdings Company Profile

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

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