⏳ Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Phreesia executive sells shares worth over $15k

Published 17/04/2024, 21:18
PHR
-

Phreesia, Inc. (NYSE:PHR) senior vice president of human resources, Amy Beth VanDuyn, recently sold 685 shares of the company's common stock, according to the latest filings with the Securities and Exchange Commission. The transactions, which took place on April 15, 2024, amounted to a total value of over $15,657.

Investors tracking insider activity may note that these shares were sold at a weighted average price of $22.8574. The sales occurred in a series of transactions at prices that ranged from $22.63 to $23.06 per share. Following the sale, VanDuyn still holds a significant number of shares, with the post-transaction amount listed as 119,010 shares of common stock in Phreesia.

The filings indicated that the sold shares were part of a mandatory sell-to-cover policy employed by Phreesia to satisfy tax withholding obligations that arise upon the settlement of an award of restricted stock units. This policy is a common practice among corporations to help executives cover taxes related to the vesting of stock.

For those interested in the details of the transactions, VanDuyn has committed to providing full information regarding the number of shares sold at each separate price upon request to the issuer, any security holder of the issuer, or the staff of the SEC.

As Phreesia continues to operate in the business services sector, investors often monitor insider transactions as part of their analysis. It's worth noting that insider sales and purchases can be subject to various motivations and do not always signal the company's future prospects.

The transactions were officially signed and filed on April 17, 2024, with Allison Hoffman signing by the power of attorney for Amy VanDuyn.

InvestingPro Insights

Phreesia, Inc. (NYSE:PHR) has been navigating the market with a mix of challenges and growth opportunities. According to InvestingPro data, the company's market capitalization currently stands at 1.31 billion USD, reflecting investor valuation of the firm. Despite not having paid dividends, Phreesia has shown a significant revenue growth of 26.84% over the last twelve months as of Q4 2024, with its revenue reaching 356.3 million USD. This could indicate the company's ability to expand its business and generate more sales. Nevertheless, the company's profitability remains a concern, as highlighted by an InvestingPro Tip, which states that analysts do not expect the company to be profitable this year.

Investors may also take note of the substantial price increase Phreesia has experienced over the last six months, with a 36.74% price total return. This uptick could be a signal of market optimism about the company's future, despite the fact that it has not been profitable over the last twelve months. Another InvestingPro Tip points out that Phreesia operates with a moderate level of debt, which could be a factor in its ability to invest in growth while managing financial risks.

For those looking for deeper insights, there are additional InvestingPro Tips available that could shed light on Phreesia's financial health and market position. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, accessing a wealth of information to inform their investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.