Monitoring Privia Health Group Inc. (PRVA) after recent insider movements


Privia Health Group Inc.’s recently made public that its Director Sullivan William M unloaded Company’s shares for reported $0.45 million on Aug 18. In the deal valued at $25.06 per share,18,153 shares were sold. As a result of this transaction, Sullivan William M now holds 5,546,790 shares worth roughly $ 145.83 million.

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Then, Sullivan William M sold 18,153 shares, generating $491,935 in total proceeds. Upon selling the shares at $27.10, the Director now owns 5,564,943 shares.

Before that, Bartrum Thomas sold 15,000 shares. Privia Health Group Inc. shares valued at $397,689 were divested by the EVP, General Counsel at a price of $26.51 per share. As a result of the transaction, Bartrum Thomas now holds 106,114 shares, worth roughly $2.79 million.

Evercore ISI initiated its Privia Health Group Inc. [PRVA] rating to an Outperform in a research note published on Friday, June 13, 2023; the price target was $34. PT values the company’s stock at a premium of 22.68 to its Friday closing price.

Price Performance Review of PRVA

On Friday, Privia Health Group Inc. [NASDAQ:PRVA] saw its stock jump 0.15% to $26.29. On the same session, the stock had its day’s lowest price of $26.16, but rose to a high of $26.84. Over the last five days, the stock has gained 3.67%. Privia Health Group Inc. shares have risen nearly 15.76% since the year began. Nevertheless, the stocks have fallen -33.93% over the past one year. While a 52-week high of $43.85 was reached on 05/09/23, a 52-week low of $20.64 was recorded on 01/06/23. SMA at 50 days reached $26.17, while 200 days put it at $25.91. A total of 0.62 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For PRVA Stock

The 24-hour chart illustrates a support level at 26.02, which if violated will result in even more drops to 25.75. On the upside, there is a resistance level at 26.70. A further resistance level may holdings at 27.11. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.35%. Stochastics %K at 70.26% indicates the stock is a holding.

How much short interest is there in Privia Health Group Inc.?

A steep rise in short interest was recorded in Privia Health Group Inc. stocks on Aug 14, 2023, dropping by -0.47 million shares to a total of 7.14 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.61 million shares. There was a decline of -6.58%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.25.

Privia Health Group Inc. [PRVA] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 13,665,817 shares, or roughly 11.64% of the outstanding PRVA shares. In other words, the investor’s shares have risen by 11,999,716 from its previous 13-F filing of 1666101.0. Additionally, BlackRock Fund Advisors increased 254.48% of its stake after which the total value it holdings stand at $354,465,089, while The Vanguard Group, Inc. added 99.03% of its stake to hold $299.19 million in the firm. At present, Wellington Management Co. LLP is holding 4,611,046 shares valued at $128.74 million. Riverbridge Partners LLC owned 4,344,042 shares of the company at the time of its most recent 13F filing, worth $121.29 million.


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