In a recent transaction, Evan Roberts, the Chief Operating Officer of Phreesia, Inc. (NYSE:PHR), sold 2,029 shares of the company's common stock. The sale, which took place on April 15, 2024, amounted to a total of $46,377. The shares were sold at a weighted average price of $22.8574, with individual transactions ranging from $22.63 to $23.06 per share.
This sale was conducted under Phreesia's mandatory sell-to-cover policy, which is designed to cover tax withholding obligations that arise from the settlement of an award of restricted stock units. The policy necessitates that certain shares be sold to cover these obligations, and the transactions are non-discretionary for the reporting person.
Following the sale, Roberts continues to hold a significant number of shares in the company, with a reported 754,903 shares remaining in his possession.
Investors and stakeholders in Phreesia, Inc. can request more detailed information about the exact number of shares sold at each price point within the reported range by reaching out to the issuer, security holder, or the Securities and Exchange Commission staff as needed.
The transaction was officially signed off on April 17, 2024, by Allison Hoffman, acting by power of attorney for Evan Roberts.
InvestingPro Insights
Phreesia, Inc. (NYSE:PHR) has been navigating a complex market environment, as reflected in the recent sale of shares by its Chief Operating Officer, Evan Roberts. As investors look to understand the implications of such transactions, it is essential to consider the company's financial health and market performance. According to InvestingPro data, Phreesia has a market capitalization of approximately $1.31 billion and has experienced a notable revenue growth of 26.84% over the last twelve months as of Q4 2024. Despite this growth, the company remains unprofitable with an operating income margin of -36.98% and a negative P/E ratio of -9.22, indicating that it is not currently generating earnings over its share price.
One InvestingPro Tip suggests that analysts do not anticipate Phreesia will be profitable this year, which aligns with the company's current negative earnings per share (EPS) of -2.51 USD. Additionally, the company operates with a moderate level of debt and has not paid dividends to shareholders, which may influence investment strategies. It is also worth noting that Phreesia has seen a large price uptick over the last six months, with a total return of 36.74%, despite a year-to-date price total return of -0.65%. These metrics offer a mixed view of the company's performance and potential, highlighting both challenges and areas of growth.
Investors interested in a deeper analysis can explore more InvestingPro Tips for Phreesia, Inc., which provide further insights into the company's financials and market standing. There are additional tips available on the InvestingPro platform, and users can take advantage of an exclusive offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Keeping an eye on the upcoming earnings date on May 30, 2024, will be crucial for stakeholders to gauge the company's trajectory and make informed decisions. Phreesia's fair value is currently estimated at $26.5 according to InvestingPro, which is below the analyst target of $30 but above the recent closing price of $23, suggesting potential room for growth.
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