SCHEDULE 13G/A: First Light Asset Management Discloses 11.75% Passive Stake in Health Catalyst

First Light Asset Management, LLC and its managing member, Mathew P. Arens, have disclosed a passive beneficial ownership of 11.75% in Health Catalyst, Inc. common stock.

Summary

• First Light Asset Management, LLC and Mathew P. Arens jointly filed an amended Schedule 13G, disclosing their beneficial ownership in Health Catalyst, Inc.
• As of December 31, 2024, the reporting persons collectively beneficially own 7,148,472 shares of Health Catalyst, Inc. common stock.
• This ownership represents 11.75% of the Issuer's outstanding common stock.
• First Light Asset Management, LLC acts as an investment adviser to separately managed accounts and private funds holding these shares.
• Mathew P. Arens is deemed a beneficial owner due to his control as managing member and majority owner of First Light Asset Management, LLC.
• The filing indicates a passive investment purpose, not for changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by an institutional investor is generally viewed positively as it signals confidence in the company's value, although it does not provide operational or financial performance updates.

Positives

• The disclosure of a significant 11.75% passive stake by an institutional investor like First Light Asset Management, LLC and its principal, Mathew P. Arens, can be interpreted as a vote of confidence in Health Catalyst, Inc.'s long-term prospects and valuation.

Future Outlook

NA

Industry Context

This filing reflects an institutional investor's significant stake in a company operating in the healthcare technology and data analytics sector, an area experiencing increasing demand for data-driven insights to improve healthcare outcomes and efficiency.

Stakeholder Impact

• Shareholders may view the significant stake by First Light Asset Management, LLC and Mathew P. Arens as a positive signal of confidence in Health Catalyst, Inc.'s long-term value and prospects.

Key Dates

Keywords

Health Catalyst, First Light Asset Management, Mathew P. Arens, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Healthcare Technology, Data Analytics