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Keeping an Eye on Phreesia Inc (PHR) After Insider Trading Activity

Phreesia Inc’s recently made public that its Principal Accounting Officer Gunzburg Janet unloaded Company’s shares for reported $6006.0 on May 01 ’24. In the deal valued at $21.00 per share,286 shares were sold. As a result of this transaction, Gunzburg Janet now holds 34,934 shares worth roughly $0.77 million.

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Then, Gunzburg Janet sold 912 shares, generating $20,836 in total proceeds. Upon selling the shares at $22.85, the Principal Accounting Officer now owns 35,220 shares.

Before that, Linetsky David sold 269 shares. Phreesia Inc shares valued at $6,146 were divested by the SVP, Life Sciences at a price of $22.85 per share. As a result of the transaction, Linetsky David now holds 7,087 shares, worth roughly $0.16 million.

Truist initiated its Phreesia Inc [PHR] rating to a Buy in a research note published on February 26, 2024; the price target was $35. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Barclays began covering PHR with “an Overweight” recommendation on January 03, 2024. Stephens started covering the stock on April 12, 2023. It rated PHR as “an Overweight”.

Price Performance Review of PHR

On Tuesday, Phreesia Inc [NYSE:PHR] saw its stock jump 0.82% to $22.18. Over the last five days, the stock has lost -1.86%. Phreesia Inc shares have fallen nearly -4.19% since the year began. Nevertheless, the stocks have fallen -24.38% over the past one year. While a 52-week high of $34.98 was reached on 02/12/24, a 52-week low of $12.05 was recorded on 04/30/24. SMA at 50 days reached $22.87, while 200 days put it at $22.09. A total of 0.44 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For PHR Stock

The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.47. On the upside, there is a resistance level at 22.72. A further resistance level may holdings at 23.25. The Relative Strength Index (RSI) on the 14-day chart is 49.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.56%. Stochastics %K at 53.49% indicates the stock is a holding.

The most recent change occurred on January 04, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.

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