Phreesia exec sells over $28k in company stock

Phreesia, Inc.'s (NYSE:PHR) General Counsel & Secretary Allison C. Hoffman recently sold shares of the company's stock, according to a new SEC filing. The transactions, dated April 15, 2024, involved the sale of 1,238 shares at an average price of $22.8574, totaling approximately $28,297.

The filing detailed that the shares were sold in multiple transactions with prices ranging between $22.63 and $23.06 per share. This disposal of stock was part of a mandatory sell-to-cover policy enforced by Phreesia to satisfy tax withholding obligations connected to the settlement of an award of restricted stock units.

Following the sale, Hoffman still owns a substantial number of shares in the company, with a post-transaction total of 135,621 shares remaining in her possession. The sale was executed in a direct capacity, indicating that Hoffman personally carried out the transaction.

Investors and stakeholders in Phreesia, Inc. often monitor such sales as indicators of executive confidence in the company's performance and outlook. The details provided in the SEC filing give a transparent view of the transactions and ensure that all actions are in compliance with regulatory standards.

Phreesia Inc . specializes in business services and operates out of Wilmington, Delaware. The company has been incorporated since 2007 and continues to serve a diverse clientele within its industry sector.

Phreesia Inc. (NYSE:PHR) has been the subject of investor scrutiny following the recent sale of shares by General Counsel & Secretary Allison C. Hoffman. According to real-time data from InvestingPro, Phreesia has a market capitalization of approximately $1.31 billion and has experienced significant revenue growth over the last twelve months, with a reported increase of 26.84%. Despite this growth, the company is not currently profitable, with a negative P/E ratio of -9.22, reflecting the challenges it faces in achieving bottom-line success.

InvestingPro Tips indicate that Phreesia operates with a moderate level of debt and has not been profitable over the last twelve months. Additionally, the company has seen a large price uptick over the last six months, with a 36.74% return, which may suggest a growing investor confidence in its future potential. However, it is important to note that analysts do not anticipate the company will be profitable this year, and Phreesia does not pay dividends to shareholders, which could be a consideration for income-focused investors.

The company's next earnings date is set for May 30, 2024, and the current fair value estimation by analysts stands at $30 USD, while InvestingPro's fair value is slightly lower at $26.5 USD. For investors interested in a deeper analysis, there are additional InvestingPro Tips available that can shed more light on Phreesia's financial health and future outlook. To discover these insights, visit the InvestingPro platform and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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