Health Catalyst (HCAT)

• Market cap: $264M
• 1 day: -4.77%
• 5 days: -8.67%
• 1 month: -11.66%
• 3 months: -7.79%
• 6 months: -52.57%
• Year to date: -48.37%
• 1 year: -40.03%
• 5 years: -87.02%
• 10 years: -90.32%
• 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)

1,796% more call options, than puts

Call options by funds: $2.05M | Put options by funds: $108K

50% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]

0% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 28

4% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 54

1% less funds holding

Funds holding: 166 [Q4 2024] → 164 (-2) [Q1 2025]

9.4% less ownership

Funds ownership: 85.14% [Q4 2024] → 75.74% (-9.4%) [Q1 2025]

36% less capital invested

Capital invested by funds: $376M [Q4 2024] → $241M (-$135M) [Q1 2025]

Research analyst outlook

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

• Low target: $4 6% upside
• Avg. target: $6 58% upside
• High target: $9 137% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Canaccord Genuity Richard Close	137% upside $9	Buy Maintained	8 May 2025
Stifel David Grossman	45% upside $5.50	Hold Maintained	8 May 2025
Citigroup Daniel Grosslight	72% upside $6.50	Buy Maintained	25 Apr 2025
Keybanc Scott Schoenhaus	32% upside $5	Overweight Maintained	16 Apr 2025
Evercore ISI Group Elizabeth Anderson	6% upside $4	In-Line Downgraded	9 Apr 2025