HQY
HealthEquity, Inc.Healthcare · $7.2B market cap
Verdict
Share price
$90.04
close of Oct 3, 2026
Fair value
$56.32
Sticker Price
Payback Price
$22.53
buy price
HQY is Overpriced: at $90.04 it trades 60% above its fair value of $56.32. Its buy price (Payback Price) is $22.53, 75% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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None of the investors we track holds HQY right now. In Q1 2026, 1 sold out. Who we track
Moves in Q1 2026
Sold out: Polen Capital Management
Insider activity
Since Jun 25, 2026: no open-market purchases, 4 sales worth $1.3M and 15 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
DILLON ADRIAN T
director · 2026-08-25
Sold
$140K
DILLON ADRIAN T
director · 2026-08-25
Sold
$658K
Fiore Michael Henry
EVP, CHIEF COMMERCIAL OFFICER · 2026-07-10
Sold
$224K
Fiore Michael Henry
EVP, CHIEF COMMERCIAL OFFICER · 2026-07-02
Sold
$235K
Other filings
DILLON ADRIAN T
director · 2026-08-25
Option exercise
$248K
Gathright Michael
Chief Customer Officer · 2026-07-09
Tax withholding
$211K
Fiore Michael Henry
EVP, CHIEF COMMERCIAL OFFICER · 2026-07-08
Tax withholding
$194K
Cutler Scott
President and CEO · 2026-07-08
Tax withholding
$118K
Ladd Delano
EVP, General Counsel · 2026-07-08
Tax withholding
$103K
Show all 15 other filingsShow fewer
Lucania James M
EVP & CFO · 2026-07-08
Tax withholding
$270K
Neeleman Stephen
FOUNDER AND VICE CHAIRMAN · 2026-07-08
Tax withholding
$105K
SELANDER ROBERT W
director · 2026-06-25
Award
2,877 shares
Dilsaver Evelyn S
director · 2026-06-25
Award
2,877 shares
DILLON ADRIAN T
director · 2026-06-25
Award
2,877 shares
Wellborn Gayle Furgurson
director · 2026-06-25
Award
2,877 shares
Parker Stuart B.
director · 2026-06-25
Award
2,877 shares
McCowan Debra Charlotte
director · 2026-06-25
Award
2,877 shares
Natarajan Rajesh
director · 2026-06-25
Award
2,877 shares
Gassen William
director · 2026-06-25
Award
2,877 shares
About HealthEquity, Inc.
Headquartered in Draper, Utah, and established in 2002, HealthEquity, Inc. furnishes technology-powered service platforms to both individual consumers and employers across the United States. The company provides cloud-based solutions designed to assist individuals in overseeing their healthcare expenditures and savings. These platforms enable users to make informed decisions about their health finances, pay medical…
Medical - Healthcare Information Services
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works