In a recent transaction, Janet Gunzburg, the Principal Accounting Officer at Phreesia, Inc. (NYSE:PHR), sold 2,768 shares of the company's common stock. The transaction, which took place on April 10, 2024, amounted to a total value of $63,928. The shares were sold at a weighted average price of $23.0954, with individual sales prices ranging from $22.71 to $23.30 per share.
The sale was conducted in accordance with a Rule 10b5-1 trading plan, which Gunzburg had adopted on October 13, 2023. Rule 10b5-1 plans allow company insiders to set up a predetermined schedule for buying or selling shares at a time when they are not in possession of material non-public information, providing a defense against accusations of insider trading.
Following the transaction, Gunzburg's direct holdings in Phreesia, Inc. stock have decreased to 36,132 shares. The details of the sale, including the range of prices at which the shares were sold, were disclosed in accordance with the requirements of the Securities and Exchange Commission. Gunzburg has committed to provide full information regarding the number of shares sold at each separate price within the range upon request.
Phreesia, Inc., headquartered in Wilmington, Delaware, operates within the business services sector, offering a range of services to its clients. The company's stock is traded on the New York Stock Exchange under the ticker symbol PHR.
InvestingPro Insights
Phreesia, Inc. (NYSE:PHR) has shown an interesting financial landscape over the last year, which could provide context to the recent insider trading activity. According to InvestingPro, while the company has experienced a significant price increase over the past six months, with a 37.73% total return, it has not been profitable in the last twelve months. This is reflected in its negative P/E ratio of -9.36, which further adjusts to -10.09 when looking at the last twelve months as of Q4 2024.
The company's market capitalization stands at $1.34 billion, and it operates with a moderate level of debt, which is an important consideration for investors evaluating the financial health of the business. Despite a notable revenue growth of 26.84% in the last twelve months as of Q4 2024, Phreesia, Inc. does not pay a dividend to shareholders, which could influence investment decisions for those seeking regular income from their stock holdings.
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