Phreesia’s general counsel sells $103,901 in stock

Published 20/02/2025, 22:50
Phreesia’s general counsel sells $103,901 in stock

In a recent transaction, Allison C. Hoffman, the General Counsel and Secretary of Phreesia, Inc. (NYSE:PHR), executed a sale of common stock. The transaction, which took place on February 18, 2025, involved the sale of 3,496 shares at a price of $29.72 per share. This sale amounted to a total value of $103,901. The timing is notable as Phreesia’s stock has shown strong momentum, gaining over 21% in the past six months and currently trading near its 52-week high of $30.53. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.

Following the transaction, Hoffman holds 142,630 shares of Phreesia. The transaction was conducted under a Rule 10b5-1 trading plan, which Hoffman adopted on September 17, 2024. Such plans allow company insiders to set up a predetermined schedule for buying or selling stock to avoid potential conflicts of interest. With a market capitalization of $1.66 billion and analysts forecasting profitability this fiscal year, investors seeking deeper insights into insider trading patterns and comprehensive analysis can access the detailed Pro Research Report available on InvestingPro.

In other recent news, Phreesia Inc . reported its quarterly earnings, surpassing expectations with an earnings per share (EPS) of -$0.25, which was better than the forecasted -$0.27. The company also exceeded revenue projections, reporting $106.8 million compared to the anticipated $106.25 million. Analysts from Piper Sandler increased their price target for Phreesia to $33, maintaining an Overweight rating, citing confidence in the company’s strategic investments and expected EBITDA growth by fiscal year 2026. Meanwhile, RBC Capital Markets upgraded Phreesia from Sector Perform to Outperform, raising the price target to $32, reflecting optimism in the company’s margin expansion potential. Baird also maintained an Outperform rating, although it adjusted the price target to $30, acknowledging Phreesia’s improved EBITDA margins and financial outlook. The company has achieved positive free cash flow for the first time as a public entity, signaling financial progress. These developments indicate a positive trajectory for Phreesia as it continues to focus on revenue growth and profitability.

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