Health Catalyst (HCAT)

• Market cap: $220M
• 1 day: -3.4%
• 5 days: -7.4%
• 1 month: 4.33%
• 3 months: -21.36%
• 6 months: -29.35%
• Year to date: -57.36%
• 1 year: -60.97%
• 5 years: -91.33%
• 10 years: -92.01%
• Sector: Healthcare
• Industry: Health Information Services

About: Health Catalyst Inc provides data and analytics technology and services to healthcare organizations. It has two operating segments. The Technology segment, the key revenue driver, includes data platforms, analytics applications, and support services. This generates revenues mainly from contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees; the Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver expertise to its customers to more fully configure and utilize the benefits of the technology offerings.

Employees: 1,500

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 45

2.08% more ownership

Funds ownership: 75.74% [Q1] → 77.82% (+2.08%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

12% less funds holding

Funds holding: 164 [Q1] → 145 (-19) [Q2]

15% less capital invested

Capital invested by funds: $241M [Q1] → $204M (-$36.7M) [Q2]

50% less call options, than puts

Call options by funds: $302K | Put options by funds: $609K

52% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 31

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3.5
• Avg. target: $4.43
• High target: $6

7 analyst ratings

• positive: 2 29%
• neutral: 5 71%
• negative: 0 0%

Canaccord Genuity Richard Close	$5	Buy Maintained	29 Aug 2025
Evercore ISI Group Elizabeth Anderson	$4	In-Line Maintained	28 Aug 2025
Piper Sandler Jessica Tassan	$4	Neutral Downgraded	27 Aug 2025
Wells Fargo Stan Berenshteyn	$6	Overweight Maintained	11 Aug 2025
Citigroup Daniel Grosslight	$3.5	Neutral Downgraded	8 Aug 2025