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Balaji Gandhi, Chief Financial Officer of Phreesia, Inc. (NASDAQ:PHR), sold 885 shares of common stock on October 17, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $22.3612, for a total transaction value of $19,789. The healthcare technology company, currently valued at $1.4 billion, maintains strong liquidity with a healthy current ratio of 2.12.
The prices for the sales ranged from $22.195 to $22.66 per share. The filing indicates that the sales were non-discretionary transactions to cover tax withholding obligations related to the settlement of restricted stock units. Following the transaction, Gandhi directly owns 98,240 shares of Phreesia stock. InvestingPro analysis shows the company operates with moderate debt levels and is expected to achieve profitability this year, with analysts forecasting positive earnings. According to InvestingPro’s Fair Value model, the stock appears slightly undervalued at current levels.
In other recent news, Phreesia Inc. has been making headlines with significant developments. The company announced the acquisition of AccessOne for $160 million, marking its largest acquisition to date. This deal is expected to close in the second half of fiscal year 2026 and is projected to add approximately $35 million in annual revenue and $11 million in EBITDA. Following this announcement, Raymond James raised its price target for Phreesia to $33, maintaining an Outperform rating, while Citizens JMP increased its target to $34 with a Market Outperform rating.
Additionally, Truist Securities updated its financial projections for Phreesia, raising its fiscal year 2026 and 2027 EBITDA estimates to $90 million and $110 million, respectively, and maintained a Sell rating with a $36 price target. DA Davidson has also assumed coverage of Phreesia, giving it a Buy rating and a $33 price target, noting that the company reported revenue and adjusted EBITDA results exceeding consensus expectations. These developments reflect growing optimism among analysts regarding Phreesia’s financial outlook and strategic moves.
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