BofA update shows where active managers are putting money
Phyllis Gotlib, President of International at American Well Corp (NYSE:AMWL), has sold 1,068 shares of the company’s Class A common stock. The shares were sold at an average price of $7.2803 each, totaling approximately $7,775. Following this transaction, Gotlib holds 146,930 shares directly and an additional 64,250 shares indirectly through her husband.
The sale was executed on April 1, 2025, as part of an automatic "sell to cover" transaction to address tax liabilities from the vesting and settlement of restricted stock units. This transaction was not a discretionary trade by Gotlib.
In other recent news, American Well Corp reported its fourth-quarter 2024 earnings, revealing stable revenue figures but challenges in visit numbers. The company posted a total Q4 revenue of $71 million, unchanged from the previous year, while subscription revenue increased by 36% to $37 million. Despite these gains, the company experienced an 18% decline in completed visits compared to the previous year. American Well’s gross profit margin improved to 48%, up 11 points from Q3, and the company ended the quarter with $228 million in cash and no debt. Looking ahead, American Well projects 2025 revenue between $250 million and $260 million, with subscription revenue expected to account for nearly 60% of total revenues. The company’s plans with the Defense Health Agency (DHA) are reportedly on schedule, and management has reiterated their commitment to achieving positive free cash flow by 2026. Additionally, Needham maintained a Hold rating on American Well shares, citing the uncertainty surrounding the renewal of the DHA contract as a pivotal factor for the company’s growth prospects in fiscal year 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.