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Accolade CEO Rajeev Singh sells $48,018 in stock

Published 12/04/2024, 01:46 PM
ACCD
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Following these transactions, Singh holds 814,316 shares directly, while an additional 651,619 shares are held indirectly through Avanti Holdings, LLC, where he has voting and investment power. These holdings represent a significant stake in the company, which currently has a market capitalization of $280.27 million. These holdings represent a significant stake in the company, which currently has a market capitalization of $280.27 million.

Following these transactions, Singh holds 814,316 shares directly, while an additional 651,619 shares are held indirectly through Avanti Holdings, LLC, where he has voting and investment power. These holdings represent a significant stake in the company, which currently has a market capitalization of $280.27 million.

Following these transactions, Singh holds 814,316 shares directly, while an additional 651,619 shares are held indirectly through Avanti Holdings, LLC, where he has voting and investment power.

In other recent news, Accolade Inc (NASDAQ:ACCD). reported strong second-quarter results for 2025, with revenues of $106.4 million surpassing expectations, and an adjusted EBITDA above guidance. The company's fiscal year 2025 revenue guidance remains between $460 million to $475 million, with a projected positive adjusted EBITDA of $15 million to $20 million. Despite this, several firms including Wells Fargo (NYSE:WFC), Stephens, Canaccord Genuity, Truist Securities, and BofA Securities have revised their price targets for Accolade. These changes reflect concerns over delayed deal closures, potential slower revenue growth in fiscal year 2026, and a more conservative assessment of the company's growth trajectory. However, analysts from these firms maintain a positive outlook on Accolade's ability to secure new business and meet performance guarantees. The company's management also expressed optimism about a strong pipeline with diversification across employers, health plans, and government segments. These recent developments illustrate the dynamic business environment Accolade is navigating.

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