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Phreesia Inc (PHR) may enjoy gains as insiders got busy in the recent days

Phreesia Inc’s recent filing unveils that its Officer Linetsky David acquired Company’s shares for reported $22539.0 on Oct 18 ’24. In the deal valued at $20.49 per share,1,100 shares were bought.

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Then, Gandhi Balaji sold 864 shares, generating $18,166 in total proceeds. Upon selling the shares at $21.03, the Chief Financial Officer now owns 97,714 shares.

Before that, Hoffman Allison C sold 1,212 shares. Phreesia Inc shares valued at $25,482 were divested by the General Counsel & Secretary at a price of $21.03 per share. As a result of the transaction, Hoffman Allison C now holds 119,791 shares, worth roughly $2.37 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 Friday, Phreesia Inc [NYSE:PHR] saw its stock fall -2.94% to $19.80. Over the last five days, the stock has lost -5.67%. Phreesia Inc shares have fallen nearly -14.47% since the year began. Nevertheless, the stocks have risen 26.20% over the past one year. While a 52-week high of $29.16 was reached on 02/12/24, a 52-week low of $12.05 was recorded on 05/31/24. SMA at 50 days reached $23.25, while 200 days put it at $23.17.

Levels Of Support And Resistance For PHR Stock

The 24-hour chart illustrates a support level at 19.49, which if violated will result in even more drops to 19.17. On the upside, there is a resistance level at 20.31. A further resistance level may holdings at 20.81. The Relative Strength Index (RSI) on the 14-day chart is 28.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.14%. Stochastics %K at 11.19% indicates the stock is a buying.

How much short interest is there in Phreesia Inc?

A steep rise in short interest was recorded in Phreesia Inc stocks on 2024-09-30, growing by 75849.0 shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.66 million shares. There was a rise of 2.77%, which implies that there is a positive sentiment for the stock.

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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