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Richard Eskew, the Executive Vice President and General Counsel of Accolade, Inc. (NASDAQ:ACCD), sold 393 shares of common stock on January 3 at an average price of $3.407 per share, totaling approximately $1,338. The transaction comes as the company's stock, currently trading at $3.5, has experienced significant volatility, declining nearly 69% over the past year according to InvestingPro data. This transaction was part of a mandatory sale to cover tax obligations related to the vesting of restricted stock units (RSUs) and was not a discretionary decision by Eskew.
On January 2, Eskew also acquired a total of 1,146 shares of common stock through the conversion of RSUs. The transactions involved 389 and 757 shares respectively, with no price per share, reflecting the standard conversion of RSUs into common stock. Following these transactions, Eskew holds 63,260 shares directly.
In other recent news, Accolade Inc (NASDAQ:ACCD). reported strong second-quarter results for 2025, with revenues exceeding expectations at $106.4 million. The company also surpassed its adjusted EBITDA guidance and confirmed its fiscal year 2025 revenue guidance between $460 million to $475 million, projecting a positive adjusted EBITDA of $15 million to $20 million. Despite this, Wells Fargo (NYSE:WFC) revised the price target for Accolade downwards to $6.00, reflecting concerns over the timing of deal closures and their impact on the company's future growth. Similarly, Stephens, Canaccord Genuity, Truist Securities, and BofA Securities also revised their price targets for Accolade, while maintaining Buy ratings. The analysts noted Accolade's strong pipeline of new business opportunities, particularly in health plans and government segments. However, slower revenue growth is anticipated in fiscal year 2026 due to staggered launches. These are recent developments in the company's financial performance and strategic direction.
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