Hoffman, Phreesia general counsel, sells $121k in shares

Published 18/09/2025, 22:48
Hoffman, Phreesia general counsel, sells $121k in shares

Allison C. Hoffman, General Counsel & Secretary at Phreesia, Inc. (NASDAQ:PHR), sold a total of 5,192 shares of common stock in two separate transactions, generating approximately $121,336.

On September 16, 2025, Hoffman sold 3,133 shares at a weighted average price of $23.2844, totaling $72,950. The prices for these shares ranged from $22.83 to $23.69. The sale was to cover tax withholding obligations related to the settlement of restricted stock units. On September 17, 2025, Hoffman sold 2,059 shares at a price of $23.50, totaling $48,386. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 17, 2024. Following these transactions, Hoffman directly owns 136,978 shares of Phreesia, Inc. According to InvestingPro analysis, analysts maintain a strong buy consensus with price targets ranging from $31 to $38, suggesting potential upside from current levels. Get access to 7 more exclusive InvestingPro Tips and comprehensive analysis for PHR.

In other recent news, Phreesia Inc . reported revenue and adjusted EBITDA results that surpassed consensus expectations, although the company kept its fiscal year 2026 revenue guidance unchanged. Phreesia has also announced its largest acquisition to date, purchasing AccessOne for $160 million. This acquisition is anticipated to add approximately $35 million in annual revenue and $11 million in EBITDA, with the deal expected to close in the second half of fiscal year 2026. In light of this acquisition, Raymond James raised its price target for Phreesia to $33, maintaining an Outperform rating. Similarly, Citizens JMP increased its price target to $34, citing the acquisition as a key factor. Truist Securities adjusted its financial projections for Phreesia, increasing its fiscal year 2026 and 2027 EBITDA estimates to $90 million and $110 million, respectively, and set a price target of $36. Despite these updates, Truist Securities reiterated a Sell rating on the stock. DA Davidson has assumed coverage on Phreesia with a Buy rating and set a price target of $33. These developments reflect a range of analyst opinions on Phreesia’s financial prospects following its recent activities.

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