Heartflow, Inc. (HTFL) Stock Price & Analysis

Heartflow, Inc. (HTFL) closed at USD 60.53 on Thursday, October 29, 2026, up 2.42% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 59.1; the Oct 29, 2026 session ranged USD 58.5–60.56 on volume of 1,297,502 shares. Market capitalization is $5.26B, with a 52-week range of USD 20.13–60.56 (NMS). Source: Nexqual, retrieved October 29, 2026 at 22:29 UTC.

Also available as compact Markdown for AI agents: nexqual.com/HTFL.md

Key facts (HTFL)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HTFL)

USDFY2023FY2024FY2025TTM
Revenue$87.2M$126M$176M$212M
Gross profit$58.1M$94.4M$135M—
Operating income-$72.9M-$61.2M-$64.1M-$80.3M
Net income-$95.7M-$96.4M-$117M-$118M
EPS (diluted)-$25.32-$17.98-$3.17—
Free cash flow-$82.5M-$73.4M-$59.0M-$59.2M
Gross margin66.6%75.1%76.8%—
Operating margin-83.6%-48.7%-36.4%-37.8%
Net margin-109.7%-76.6%-66.3%-55.8%
Revenue growth—+44.3%+39.9%—
Cash + short-term investments$123M$51.4M$280M—
Total debt—$0K——

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (HTFL)

P/S 24.8x · P/B 18.8x · FCF yield -1.12% · Earnings yield -2.25%

Insider sales (SEC Form 4, open-market, last ~7 months) (HTFL)

20 of 21 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-22Rogers CampbellChief Medical Officer23,933$1.3M9.9%Yes (adopted June 16, 2026)Too little history (no open-market trades in 2023–2025)
2026-10-12Farquhar John C.M.Chief Executive Officer38,900$1.9M12.1%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-09-18Rogers CampbellChief Medical Officer19,682$987K8%Yes (adopted June 16, 2026)Too little history (no open-market trades in 2023–2025)
2026-09-17…2026-09-18Verghese VikramChief Financial Officer24,345$1.2M13.6%Yes (adopted June 4, 2026)Too little history (no open-market trades in 2023–2025)
2026-09-11…2026-09-15Verghese VikramChief Financial Officer34,975$1.8M16.3%Yes (adopted June 4, 2026)Too little history (no open-market trades in 2023–2025)
2026-09-10…2026-09-11Farquhar John C.M.Chief Executive Officer38,900$1.8M10.8%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-09-08Verghese VikramChief Financial Officer6,640$332K3%Yes (adopted June 4, 2026)Too little history (no open-market trades in 2023–2025)
2026-09-02…2026-09-03Verghese VikramChief Financial Officer33,416$1.7M13.1%Yes (adopted June 4, 2026)Too little history (no open-market trades in 2023–2025)
2026-08-21Farquhar John C.M.Chief Executive Officer27,230$1.4M7%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-08-18Farquhar John C.M.Chief Executive Officer32,676$1.5M7.8%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-08-17Rogers CampbellChief Medical Officer9,219$380K3.8%Yes (adopted December 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-08-14Farquhar John C.M.Chief Executive Officer15,560$608K3.6%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-08-10Farquhar John C.M.Chief Executive Officer22,562$639K4.9%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-07-15Rogers CampbellChief Medical Officer9,219$237K3.8%Yes (adopted December 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-07-10Farquhar John C.M.Chief Executive Officer22,562$626K4.9%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-06-24Farquhar John C.M.Chief Executive Officer38,900$1.4M7.8%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-06-10Farquhar John C.M.Chief Executive Officer22,562$643K4.3%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-05-18Rogers CampbellChief Medical Officer9,219$261K3.9%Yes (adopted December 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-05-11Farquhar John C.M.Chief Executive Officer22,562$657K4.2%Yes (adopted September 12, 2025)Too little history (no open-market trades in 2023–2025)
2026-04-28…2026-04-30Bain Capital Life Sciences Investors, Llc2,000,000$58.9M19.1%NoToo little history (no open-market trades in 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (HTFL)

Consensus Buy (mean 1.89 on a 1–5 scale), 9 analysts; mean target USD 50.5 (low 39, high 64).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-20Piper SandlerTarget raisedOverweight$45 → $64
2026-09-22Canaccord GenuityTarget raisedBuy$45 → $56
2026-09-09UBSInitiatedNeutral$55
2026-08-14Canaccord GenuityTarget raisedBuy$37 → $45
2026-08-14Morgan StanleyTarget raisedEqual-Weight$35 → $40
2026-08-14Piper SandlerTarget raisedOverweight$38 → $45
2026-08-14JP MorganTarget raisedOverweight$35 → $45
2026-08-14Wells FargoTarget raisedOverweight$37 → $39
2026-08-14StifelTarget raisedBuy$40 → $45
2026-07-31BairdInitiatedOutperform$34

Total return (dividends reinvested) (HTFL)

1Y (from 2025-10-30)5Y (from 2025-08-11)
Total return+65.5%+94.2%
S&P 500 (SPY)+14.4%+79.1%
Per year+65.8%+72.5%
Volatility (annualized)76.6%80.9%
Max drawdown-44.9% (Oct 2025→Mar 2026)-45.9% (Oct 2025→Mar 2026)

Dividends (HTFL)

HTFL paid no cash dividend in the last five years.

Short interest (HTFL)

7,327,567 shares sold short, 12.19% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 5,627,391 shares (+30.2%). Days to cover: 3.9 (short shares ÷ average daily volume).

HTFL earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 13, 2026Quarter ended Jun 30, 2026−$0.07−$0.13Beat +46.2%+41.0%
May 14, 2026Quarter ended Mar 31, 2026−$0.16−$0.17Beat +5.9%-9.2%
Mar 18, 2026Quarter ended Dec 31, 2025−$0.12−$0.16Beat +25.0%+15.0%
Nov 12, 2025Quarter ended Sep 30, 2025−$0.27−$0.24Miss −12.5%-9.5%
Sep 10, 2025————-4.4%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

HTFL recent SEC filings (last 120 days)

FiledFormWhat it says
Aug 14, 2026Schedule 13G/ABCLS Fund III Investments, LP: 9.8% of shares, passive 5%+ holder (amended)
Aug 13, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 13, 2026Schedule 13G/AWellington Management Group LLP, Wellington Group Holdings LLP: 9.1% of shares, passive 5%+ holder (amended)
Aug 13, 20268-KQuarterly results
Aug 6, 2026Schedule 13G/AWellington Management Group LLP, Wellington Group Holdings LLP: 10.7% of shares, passive 5%+ holder (amended)
Jul 28, 2026Schedule 13GBlackRock, Inc.: 5.7% of shares, passive 5%+ holder

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

HTFL suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerAmazon (AMZN)“Additionally, AWS has suffered outages at specific customer locations in the past, rendering the customer unable to access our offering for periods of time.”

Quoted from the company's 10-K filed Mar 18, 2026.

HTFL analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.10$-0.11+$0.01$65.2M8
Next quarter (ends Dec 2026)$-0.09$-0.09$0.00$66.7M8
Current fiscal year (ends Dec 2026)$-0.41$-0.49+$0.08$248.6M8
Next fiscal year (ends Dec 2027)$-0.27$-0.26−$0.01$308.6M8

HTFL options: expected move

Options price a move of about ±20.4% (±$12.05) by Nov 20, 2026, which includes earnings on Nov 12, 2026. Over the last 5 reports the stock moved ±15.8% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202622101.2%±20.4%
Dec 18, 20265084.3%±25.2%
Jan 15, 20277878.8%±29.2%
Mar 19, 202714179.9%±39.4%
Apr 16, 202716980.0%±43.1%

30-day implied volatility 97.8% vs 49.7% realized over the last 30 trading days. Put/call ratio (volume) 11.15. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 22:29 UTC)

PriceUSD 60.53
Change▲ 2.42% (up)
Previous CloseUSD 59.1
OpenUSD 59
Day RangeUSD 58.5 – 60.56
52-Week RangeUSD 20.13 – 60.56
Volume1,297,502 shares
Market Cap$5.26B
ExchangeNMS

Technical Analysis (HTFL)

Nexqual's technical model rates HTFL "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 29, 2026 at 22:29 UTC.

Overall SignalBUY
RSI (14)72.31 (overbought)
vs SMA50Above (USD 50.58)
MACD2.86 (positive)

Analyst Ratings (HTFL)

Wall Street analysts rate HTFL "Buy" based on 9 analysts, with a mean price target of USD 50.5 (range USD 39–64), per Nexqual as of October 29, 2026 at 22:29 UTC.

Consensus RatingBuy
Analyst Count9
Mean TargetUSD 50.5
High TargetUSD 64
Low TargetUSD 39
Buy / Hold / Sell8 / 1 / 0

Earnings (HTFL)

Next Earnings Date2026-11-12
EPS EstimateUSD -0.1
Revenue Estimate$65.20M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.07 vs est -0.13 ▲ beat
2026-03-31USD -0.16 vs est -0.17 ▲ beat
2025-12-31USD -0.12 vs est -0.16 ▲ beat
2025-09-30USD -0.27 vs est -0.24 ▼ miss

Source: Nexqual, October 29, 2026 at 22:29 UTC.

Financials & Fundamentals (HTFL)

Total Revenue$212.07M
Revenue Growth (latest quarter, YoY)+47.60%
Gross Margin+80.08%
Operating Margin-27.93%
Profit Margin-55.82%
ROE-154.23%
Debt / Equity0.1
Current Ratio5.08
Total Cash$162.55M
Total Debt$27.13M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)-$59.18M (-27.9% of revenue)

Source: Nexqual, October 29, 2026 at 22:29 UTC.

Financial Health Score (HTFL)

Nexqual rates Heartflow, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 22:29 UTC.

GrowthStrong — Revenue +48% YoY (latest Q)
ProfitabilitySolid — Gross margin 80%, operating -38% (last 4 quarters to Jun 2026, SEC)
Balance SheetStrong — $163M cash vs $27M debt, net cash position
Cash FlowWeak — FCF negative: -$59M (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyCritical — ROE -42%, ROA -34.4% (last 4 quarters, SEC)

Ownership (HTFL)

Insider Ownership+4.90%
Institutional Ownership+92.45%
Shares Outstanding86.95M
Float67.25M
Short % of Float+12.19%

Source: Nexqual, October 29, 2026 at 22:29 UTC.

Leadership (HTFL)

Heartflow, Inc. is led by John C.M. Farquhar, President, CEO & Director, per Nexqual as of October 29, 2026 at 22:29 UTC.

President, CEO & DirectorJohn C.M. Farquhar
Chief Financial OfficerVikram Verghese C.F.A.
Senior Vice President of OperationsKathleen Carey
Chief Technology OfficerJustin Cambra
Vice President of Investor RelationsNicholas S. Laudico

Major Backers & Investors (HTFL)

Notable institutional backers of Heartflow, Inc. include Bain Capital Life Sciences Investors, LLC, Wellington Management, FMR, LLC, according to Nexqual as of October 29, 2026 at 22:29 UTC.

Active Investors

InvestorStake
Bain Capital Life Sciences Investors, LLC9.72%
Wellington Management9.04%
FMR, LLC5.54%
BAMCO Inc.3.71%
Jupiter Topco LLC2.78%
Invesco2.64%
Alliancebernstein L.P.2.21%
Fidelity2.1%

Index Funds (Passive)

FundStake
Vanguard Group7.29%
BlackRock5.98%

Source: Nexqual, October 29, 2026 at 22:29 UTC.

From Heartflow, Inc.'s Latest SEC 10-K Filing (filed 2026-03-18)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
WAYWaystar Holding Corp.USD 28.21▼ 2.46%
DOCSDoximity, Inc.USD 33.63▼ 1.81%
HQYHealthEquity, Inc.USD 101.36▲ 0.02%
HNGEHinge Health, Inc.USD 116.9▲ 1.41%
PRVAPrivia Health Group, Inc.USD 22▲ 0.71%
BTSGBrightSpring Health Services, IUSD 60.22▲ 1.28%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 22:29 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt