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.
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