HQYNasdaqServices-Business Services, NECFiscal year ends January 31
HEALTHEQUITY, INC.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 27, 2026
$93.07+1.04 (+1.13%)
Close on Oct 19, 2026
- Market cap
- $7.82B
- P/E (TTM)
- 33.6
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
90M of 83M shares
Institutional holders
498
78 new, 56 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
0 buys · 11 sales
Net sold $4.22M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Wasatch Advisors LP | 7,011,469 | 8.50% | 13G (passive) amendment | Sep 30, 2026 |
| Vanguard Capital Management | 4,479,170 | 5.30% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 10,591,921 | – | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HQY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 11,277,914 | 13.63% | $1.02B | +745,520 | 0.02% |
| Wasatch Advisors LP | 7,960,735 | 9.62% | $719.01M | +757,801 | 4.71% |
| Morgan Stanley | 4,547,219 | 5.50% | $410.70M | +2,061,306 | 0.02% |
| Vanguard Portfolio Management LLC | 4,057,643 | 4.91% | $366.49M | −105,950 | 0.02% |
| Vanguard Capital Management LLC | 3,640,776 | 4.40% | $328.83M | −183,028 | 0.01% |
| State Street Corp | 3,241,046 | 3.92% | $292.72M | +141,149 | 0.01% |
| Geode Capital Management, LLC | 2,374,467 | 2.87% | $214.50M | +114,821 | 0.01% |
| Aqr Capital Management LLC | 1,999,209 | 2.42% | $176.05M | −93,014 | 0.06% |
| Dimensional Fund Advisors LP | 1,869,036 | 2.26% | $168.79M | +241,997 | 0.03% |
| William Blair Investment Management, LLC | 1,773,227 | 2.14% | $160.16M | +113,611 | 0.48% |
| FMR LLC | 1,538,387 | 1.86% | $138.95M | +403,454 | 0.01% |
| Brown Advisory Inc | 1,372,624 | 1.66% | $123.98M | −40,160 | 0.19% |
| Clearbridge Investments, LLC | 1,296,765 | 1.57% | $117.12M | −13,207 | 0.10% |
| Charles Schwab Investment Management Inc | 1,188,902 | 1.44% | $107.38M | +13,563 | 0.01% |
| Greenhouse Funds LLLP | 1,183,024 | 1.43% | $106.85M | −74,830 | 5.46% |
| JPMorgan Chase & Co | 1,158,837 | 1.40% | $102.10M | −24,574 | 0.01% |
| Geneva Capital Management LLC | 1,149,680 | 1.39% | $103.84M | −24,390 | 2.38% |
| Bank Of America Corp /De/ | 1,146,735 | 1.39% | $103.57M | +284,727 | 0.01% |
| DAVENPORT & Co LLC | 1,087,218 | 1.31% | $98.20M | +71,784 | 0.48% |
| Northern Trust Corp | 1,072,119 | 1.30% | $96.83M | +35,945 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 498 | 90M | 100.0% | 78 / 208 | 157 / 56 | 13M | 8M |
| Q1 2026 | 487 | 86M | 100.0% | 79 / 182 | 180 / 97 | 17M | 11M |
| Q4 2025 | 512 | 89M | 100.0% | 91 / 183 | 181 / 61 | 9M | 9M |
| Q3 2025 | 494 | 90M | 100.0% | 79 / 166 | 182 / 63 | 9M | 11M |
| Q2 2025 | 486 | 92M | 100.0% | 79 / 175 | 177 / 50 | 8M | 9M |
| Q1 2025 | 464 | 93M | 100.0% | 77 / 198 | 140 / 47 | 10M | 10M |
| Q4 2024 | 441 | 94M | 100.0% | 89 / 163 | 142 / 43 | 10M | 5M |
| Q3 2024 | 404 | 90M | 100.0% | 62 / 141 | 153 / 41 | 15M | 4M |
| Q2 2024 | 386 | 90M | 100.0% | 57 / 155 | 122 / 33 | 6M | 6M |
| Q1 2024 | 366 | 89M | 100.0% | 54 / 124 | 137 / 36 | 7M | 5M |
| Q4 2023 | 352 | 88M | 100.0% | 59 / 112 | 132 / 41 | 9M | 8M |
| Q3 2023 | 342 | 88M | 100.0% | 61 / 122 | 118 / 34 | 6M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HQY | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,891,308 | 3.50% | $261.14M | 0.21% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,523,016 | 3.05% | $227.88M | 0.01% | Jun 30, 2026 |
| Wasatch Core Growth Fund | 2,228,785 | 2.69% | $201.30M | 6.75% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,178,292 | 2.63% | $196.74M | 0.24% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,822,161 | 2.20% | $164.58M | 0.09% | Jun 30, 2026 |
| Eaton Vance Atlanta Capital SMID-Cap Fund | 1,488,394 | 1.80% | $134.43M | 1.53% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,050,095 | 1.27% | $94.84M | 0.20% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 969,218 | 1.17% | $87.54M | 0.09% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 927,272 | 1.12% | $93.29M | 0.27% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 783,398 | 0.95% | $70.76M | 0.46% | Jun 30, 2026 |
| Wasatch Small Cap Growth Fund | 752,084 | 0.91% | $67.93M | 5.77% | Jun 30, 2026 |
| Baron Small Cap Fund | 750,000 | 0.91% | $67.74M | 2.38% | Jun 30, 2026 |
| Small Cap Growth Fund | 575,511 | 0.70% | $57.90M | 1.04% | Jul 31, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 505,806 | 0.61% | $45.68M | 0.40% | Jun 30, 2026 |
| ClearBridge Select Fund | 488,386 | 0.59% | $49.14M | 1.55% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Stephen Neeleman | FOUNDER AND VICE CHAIRMAN, Director | 545,800 | 0.66% | Sep 18, 2026 |
| Scott Cutler | President and CEO, Director | 176,405 | 0.21% | Jul 10, 2026 |
| Michael Henry Fiore | EVP, CHIEF COMMERCIAL OFFICER | 52,244 | 0.06% | Jul 14, 2026 |
| Michael Gathright | Chief Customer Officer | 39,893 | 0.05% | Jul 13, 2026 |
| Delano Ladd | EVP, General Counsel | 90,054 | 0.11% | Jul 10, 2026 |
| James M. Lucania | EVP & CFO | 104,617 | 0.13% | Jul 10, 2026 |
| Sunil Rajasekar | EVP Chief Prod & Strat Officer | 19,935 | 0.02% | May 12, 2026 |
| Elimelech Rosner | EVP, CHIEF TECHNOLOGY OFFICER | 81,497 | 0.10% | Apr 8, 2026 |
| Noemie Clemence Heuland | Director | 2,033 | 0.00% | Sep 30, 2026 |
| Adrian T. Dillon | Director | 70,027 | 0.08% | Aug 27, 2026 |
| Robert W. Selander | Director | 89,849 | 0.11% | Jun 29, 2026 |
| Debra Charlotte McCowan | Director | 12,659 | 0.02% | Jun 29, 2026 |
| Stuart B. Parker | Director | 25,975 | 0.03% | Jun 29, 2026 |
| William Gassen | Director | 3,611 | 0.00% | Jun 29, 2026 |
| Gayle Furgurson Wellborn | Director | 22,610 | 0.03% | Jun 29, 2026 |
| Evelyn S. Dilsaver | Director | 51,085 | 0.06% | Jun 29, 2026 |
| Rajesh Natarajan | Director | 18,130 | 0.02% | Jun 29, 2026 |
| Jon Kessler | – | 424,350 | 0.51% | Jun 10, 2025 |
| Frank Corvino | – | 3,784 | 0.00% | Nov 8, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Sep 17, 2026 | Gift | −1,500 | – | – | 408,235 |
| Adrian T. Dillon Director | Aug 25, 2026 | Option exercise | +7,632 | $32.50 | $248.04K | 70,027 |
| Adrian T. Dillon Director | Aug 25, 2026 | Sale(10b5-1 plan) | −6,300 | $104.47 | $658.16K | 63,727 |
| Adrian T. Dillon Director | Aug 25, 2026 | Sale(10b5-1 plan) | −1,332 | $105.26 | $140.21K | 62,395 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Jul 10, 2026 | Sale(10b5-1 plan) | −2,354 | $95.00 | $223.63K | 52,244 |
| Michael Gathright Chief Customer Officer | Jul 9, 2026 | Tax withholding | −2,270 | $93.07 | $211.27K | 39,893 |
| James M. Lucania EVP & CFO | Jul 8, 2026 | Tax withholding | −2,839 | $95.08 | $269.93K | 104,617 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Jul 8, 2026 | Tax withholding | −1,103 | $95.08 | $104.87K | 137,565 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Jul 8, 2026 | Tax withholding | −2,045 | $95.08 | $194.44K | 54,598 |
| Delano Ladd EVP, General Counsel | Jul 8, 2026 | Tax withholding | −1,087 | $95.08 | $103.35K | 90,054 |
| Scott Cutler President and CEO, Director | Jul 8, 2026 | Tax withholding | −1,238 | $95.08 | $117.71K | 176,405 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Jul 2, 2026 | Sale(10b5-1 plan) | −2,470 | $95.00 | $234.65K | 56,643 |
| Rajesh Natarajan Director | Jun 25, 2026 | Award | +2,877 | – | – | 18,130 |
| Debra Charlotte McCowan Director | Jun 25, 2026 | Award | +2,877 | – | – | 12,659 |
| William Gassen Director | Jun 25, 2026 | Award | +2,877 | – | – | 3,611 |
| Stuart B. Parker Director | Jun 25, 2026 | Award | +2,877 | – | – | 25,975 |
| Robert W. Selander Director | Jun 25, 2026 | Award | +2,877 | – | – | 89,849 |
| Evelyn S. Dilsaver Director | Jun 25, 2026 | Award | +2,877 | – | – | 51,085 |
| Adrian T. Dillon Director | Jun 25, 2026 | Award | +2,877 | – | – | 62,395 |
| Gayle Furgurson Wellborn Director | Jun 25, 2026 | Award | +2,877 | – | – | 22,610 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | May 29, 2026 | Sale(10b5-1 plan) | −3,142 | $95.00 | $298.49K | 59,113 |
| Gayle Furgurson Wellborn Director | May 28, 2026 | Option exercise | +2,439 | $47.21 | $115.15K | 22,172 |
| Gayle Furgurson Wellborn Director | May 28, 2026 | Sale(10b5-1 plan) | −2,439 | $90.00 | $219.51K | 19,733 |
| Delano Ladd EVP, General Counsel | May 28, 2026 | Sale(10b5-1 plan) | −7,500 | $90.00 | $675.00K | 91,141 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Apr 6, 2026 | Tax withholding | −3,378 | $83.84 | $283.21K | 62,255 |
| Delano Ladd EVP, General Counsel | Apr 6, 2026 | Tax withholding | −2,481 | $83.84 | $208.01K | 98,641 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Apr 6, 2026 | Tax withholding | −4,768 | $83.84 | $399.75K | 81,497 |
| James M. Lucania EVP & CFO | Apr 6, 2026 | Tax withholding | −4,393 | $83.84 | $368.31K | 107,456 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Apr 6, 2026 | Tax withholding | −2,559 | $83.84 | $214.55K | 138,668 |
| Scott Cutler President and CEO, Director | Apr 6, 2026 | Tax withholding | −4,931 | $83.84 | $413.42K | 177,643 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Mar 31, 2026 | Tax withholding | −18,010 | $82.53 | $1.49M | 86,265 |
| Delano Ladd EVP, General Counsel | Mar 31, 2026 | Tax withholding | −7,726 | $82.53 | $637.63K | – |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Mar 31, 2026 | Tax withholding | −9,292 | $82.53 | $766.87K | 141,227 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Mar 25, 2026 | Award | +19,704 | – | – | 63,372 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Mar 25, 2026 | Award | +40,903 | – | – | 104,275 |
| Michael Gathright Chief Customer Officer | Mar 25, 2026 | Award | +15,157 | – | – | 42,163 |
| Scott Cutler President and CEO, Director | Mar 25, 2026 | Award | +72,754 | – | – | 182,574 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Mar 25, 2026 | Award | +15,915 | – | – | 126,659 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Mar 25, 2026 | Award | +23,860 | – | – | 150,519 |
| Delano Ladd EVP, General Counsel | Mar 25, 2026 | Award | +15,157 | – | – | 88,397 |
| Delano Ladd EVP, General Counsel | Mar 25, 2026 | Award | +20,451 | – | – | 108,848 |
| James M. Lucania EVP & CFO | Mar 25, 2026 | Award | +27,283 | – | – | 111,849 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Mar 25, 2026 | Award | +17,582 | – | – | 65,633 |
| Rajesh Natarajan Director | Feb 2, 2026 | Award | +976 | – | – | 15,253 |
| Stuart B. Parker Director | Feb 2, 2026 | Award | +1,263 | – | – | 23,098 |
| Scott Cutler President and CEO, Director | Jan 12, 2026 | Tax withholding | −12,496 | $89.83 | $1.12M | 109,820 |
| James M. Lucania EVP & CFO | Jan 9, 2026 | Tax withholding | −2,470 | $95.24 | $235.24K | 84,566 |
| Delano Ladd EVP, General Counsel | Jan 9, 2026 | Tax withholding | −739 | $95.24 | $70.38K | 73,240 |
| Michael Henry Fiore EVP, CHIEF COMMERCIAL OFFICER | Jan 9, 2026 | Tax withholding | −1,744 | $95.24 | $166.10K | 48,051 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Jan 9, 2026 | Tax withholding | −791 | $95.24 | $75.33K | 110,744 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Jan 9, 2026 | Tax withholding | −2,074 | $95.24 | $197.53K | 43,668 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Dec 19, 2025 | Gift | +140,000 | – | – | 140,000 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Dec 19, 2025 | Gift | −140,000 | – | – | 409,735 |
| Delano Ladd EVP, General Counsel | Dec 19, 2025 | Sale(10b5-1 plan) | −1,500 | $94.72 | $142.08K | 73,979 |
| Elimelech Rosner EVP, CHIEF TECHNOLOGY OFFICER | Dec 18, 2025 | Sale | −10,959 | $95.45 | $1.05M | 45,742 |
| Stephen Neeleman FOUNDER AND VICE CHAIRMAN, Director | Dec 17, 2025 | Gift | −500 | – | – | 549,735 |
| Gayle Furgurson Wellborn Director | Dec 12, 2025 | Sale | −4,339 | $98.03 | $425.35K | 19,733 |
| Gayle Furgurson Wellborn Director | Dec 12, 2025 | Option exercise | +4,339 | $50.41 | $218.73K | 24,072 |
| Delano Ladd EVP, General Counsel | Nov 20, 2025 | Sale(10b5-1 plan) | −1,500 | $104.56 | $156.84K | 75,479 |
| Delano Ladd EVP, General Counsel | Oct 20, 2025 | Sale(10b5-1 plan) | −1,500 | $92.07 | $138.11K | 76,979 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ladd Delano Officer | Oct 8, 2026 | 1,080 | $98.45K | Oct 6, 2026 | Restricted Stock Vesting |
| Henry Fiore Michael Former EVP, CCO | Oct 8, 2026 | 2,032 | $185.23K | Oct 6, 2026 | Restricted Stock Vesting |
| Neeleman Stephen Officer, Director | Oct 8, 2026 | 1,095 | $99.82K | Oct 6, 2026 | Restricted Stock Vesting |
| Gathright Michael Officer | Oct 8, 2026 | 662 | $60.34K | Oct 6, 2026 | Restricted Stock Vesting |
| M. Lucania James Officer | Oct 8, 2026 | 2,822 | $257.24K | Oct 6, 2026 | Restricted Stock Vesting |
| Cutler Scott Officer, Director | Oct 8, 2026 | 1,230 | $112.12K | Oct 6, 2026 | Restricted Stock Vesting |
| Dillon Adrian Director | Aug 25, 2026 | 7,632 | $804.41K | Aug 25, 2026 | Exercise of Stock Options |
| Gathright Michael Officer | Jul 13, 2026 | 2,270 | $211.26K | Jul 9, 2026 | Restricted Stock Vesting |
| Neeleman Stephen Officer, Director | Jul 10, 2026 | 1,103 | $104.88K | Jul 8, 2026 | Restricted Stock Vesting |
| Cutler Scott Officer, Director | Jul 10, 2026 | 1,238 | $117.71K | Jul 8, 2026 | Restricted Stock Vesting |
| Henry Fiore Michael Officer | Jul 10, 2026 | 2,045 | $194.44K | Jul 8, 2026 | Restricted Stock Vesting |
| Fiore Michael Officer | Jul 10, 2026 | 2,354 | $223.18K | Jul 10, 2026 | Restricted Stock Units |
| M. Lucania James Officer | Jul 10, 2026 | 2,839 | $269.94K | Jul 8, 2026 | Restricted Stock Vesting |
| Ladd Delano Officer | Jul 10, 2026 | 1,087 | $103.36K | Jul 8, 2026 | Restricted Stock Vesting |
| Fiore Michael Officer | Jul 2, 2026 | 2,470 | $227.96K | Jul 2, 2026 | Restricted Stock Units |