Procore signs multi-year strategic collaboration agreement with AWS
Christopher Tonkovich, Chief Credit Officer of Princeton Bancorp, Inc. (NASDAQ:BPRN), a $216 million market cap bank currently trading near InvestingPro’s Fair Value assessment, recently sold shares of the company, according to a Form 4 filing with the Securities and Exchange Commission. On March 12, Tonkovich sold 1,230 shares of common stock at a price of $31 per share, totaling $38,130.
This transaction follows a series of movements in Tonkovich’s holdings. On the same day, he exercised options to acquire 2,750 shares at $17.13 each, reflecting a total value of $47,107. Additionally, 1,520 shares were forfeited to the issuer to cover the exercise price of the stock options, also at $31 per share, amounting to $47,120.
Following these transactions, Tonkovich’s direct ownership of Princeton Bancorp’s common stock stands at 6,678 shares.
In other recent news, Privia Health Group, Inc. reported fourth-quarter results that exceeded analyst expectations. The company posted adjusted earnings per share of $0.21, surpassing the analyst estimate of $0.05, and revenue for the quarter reached $460.9 million, beating the consensus forecast of $420.94 million. For the full year 2024, Privia Health’s revenue was $1.74 billion, marking a 4.7% year-over-year increase, while adjusted EBITDA grew by 25.2% to $90.5 million. Despite these positive results, the company’s 2025 revenue guidance of $1.8-1.9 billion fell short of analysts’ expectations of $1.89 billion, due to challenges in the Medicare Advantage and value-based care sectors.
Additionally, Privia Health ended 2024 with $491.1 million in cash and no debt, generating $109.3 million in operating cash flow for the year, a 35.3% increase from 2023. The company expects to increase its implemented providers to 5,200-5,300 in 2025, reflecting growth of 8.6-10.7%. Furthermore, Privia Health forecasts adjusted EBITDA of $105-110 million for 2025, representing a year-over-year increase of 16.1-21.6%.
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