Phreesia, Inc.'s (NYSE:PHR) Principal Accounting Officer, Janet Gunzburg, recently sold shares of the company's common stock, according to a new SEC filing. The transactions, which took place on May 1, 2024, involved the sale of 286 shares at prices ranging from $20.80 to $21.27 per share.
The sales generated a total of over $6,000 for Gunzburg. This move comes as part of a mandatory sell-to-cover policy that Phreesia, Inc. has in place to cover tax withholding obligations connected to the settlement of restricted stock units. The average price at which the shares were sold was reported as $20.9987.
Following the sale, Gunzburg remains a significant holder of Phreesia stock, with 34,934 shares still under her direct ownership. The company, which specializes in business services within the healthcare sector, has not disclosed any further details regarding the transactions.
Investors tracking executive trades might note that such sales are routine and can be influenced by various factors, including personal financial planning and diversification strategies. The details of the transactions, including the exact number of shares sold at each price point within the range, have been made available upon request to relevant parties by Gunzburg, as per SEC requirements.
InvestingPro Insights
As Phreesia, Inc. (NYSE:PHR) experiences shifts in its stock ownership by insiders, investors are closely monitoring the company's financial metrics and market performance. According to the latest data from InvestingPro, Phreesia has a market capitalization of approximately $1.25 billion, reflecting its standing in the healthcare business services sector. Despite a notable price increase over the last six months of 39.69%, the company's shares are currently trading at 62.69% of their 52-week high, with a previous close at $21.01.
InvestingPro Tips for Phreesia highlight that analysts do not expect the company to be profitable this year, which aligns with the reported negative P/E ratio of -8.75. Moreover, the company operates with a moderate level of debt and does not pay dividends to shareholders, indicating a focus on reinvesting earnings into growth and operations. These insights are particularly relevant for investors considering the recent insider transactions and the company's financial health.
For those seeking a deeper dive into Phreesia's financial outlook, InvestingPro provides additional tips that might be crucial for making informed decisions. Currently, there are more tips available on InvestingPro, and users can take advantage of a special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This could be a valuable resource for investors who wish to stay updated on the company's performance and future prospects.
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