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This transaction was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). Earlier, on January 2, Cavanaugh acquired 1,569 shares of common stock through the conversion of RSUs, which were granted on June 27, 2023. These RSUs vest over a period starting from June 1, 2023, with a portion vesting on each anniversary of the commencement date. As a result of these transactions, Cavanaugh now holds a total of 214,311 shares of Accolade's common stock. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.72, though investors should note its volatile price movements. Get access to 8 more key InvestingPro Tips and comprehensive financial analysis through the Pro Research Report. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.72, though investors should note its volatile price movements. Get access to 8 more key InvestingPro Tips and comprehensive financial analysis through the Pro Research Report. This transaction was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs).
Earlier, on January 2, Cavanaugh acquired 1,569 shares of common stock through the conversion of RSUs, which were granted on June 27, 2023. These RSUs vest over a period starting from June 1, 2023, with a portion vesting on each anniversary of the commencement date. As a result of these transactions, Cavanaugh now holds a total of 214,311 shares of Accolade's common stock.
In other recent news, Accolade Inc (NASDAQ:ACCD). has been in the spotlight due to several financial revisions from different analyst firms. Wells Fargo (NYSE:WFC) adjusted the price target for Accolade to $6.00, citing concerns over delayed contracts that might impact anticipated growth. Despite this, the firm maintained an Equal Weight rating, indicating a balanced risk-reward profile at the new price target.
Accolade's strong Q2 2025 performance, with revenues surpassing expectations at $106.4 million, has been a highlight. The company also confirmed its FY25 revenue guidance between $460 million to $475 million and projected a positive adjusted EBITDA of $15 million to $20 million.
In addition, Stephens revised its price target for Accolade to $8.00, maintaining an Overweight rating on the stock. This was based on the company's strong quarterly results and reaffirmed forecasts for FY25 and beyond. Canaccord Genuity, despite adjusting its price target to $7.00, maintained a Buy rating, expressing confidence in Accolade's ability to meet performance guarantees and secure new business.
Truist Securities and BofA Securities also revised their price targets for Accolade to $7.50 and $5.75, respectively, both maintaining Buy ratings. These adjustments followed Accolade's strong Q2 2025 performance and the reaffirmation of its FY25 revenue guidance. Despite potential slower revenue growth in FY26 due to staggered launches, the firms highlighted Accolade's strong pipeline across various segments.
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