NASDAQ · Consumer Discretionary

HEALTHEQUITY INC HQY

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool.

Business Services

Company profile

Business mix

  • It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool.
  • The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs.
  • In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace.
  • It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers.

Current key questions

  • Can the company's products, services, or pipeline expand adoption within health information services?
  • How do reimbursement, regulation, clinical data, patents, and commercial execution affect growth?
  • Can margins and cash flow improve while funding research, manufacturing, or go-to-market investment?
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 33.26 FCF 6.58% Buyback 2.51%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Baron Capital Ron Baron 0.2% $62.7M 2026-03-31

Recent trading changes over the last 2 quarters

Net buyers 0 Last 2 13F filing periods
Net reducers 1 Last 2 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $0 Estimated from net added shares
Reduction amount $793,915 Estimated from net reduced shares
Net share change / base shares -1.3% -9,500 / 759,525
Baron Capital Ron Baron 2 filing periods
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -0.5% 13F value change -$2.7M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -0.8% 13F value change -$6.6M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 759,525 Last 2 periods -9,500 (-1.3%) Total shares 750,025 Value $62.7M

Recent mentions

No public mentions.