Phreesia Stock Plunges 21.84% Amid Insider Selling

Generated by AI AgentAinvest Movers Radar
Monday, Apr 7, 2025 8:45 am ET1min read

On April 7, 2025, Phreesia's stock experienced a significant drop of 21.84% in pre-market trading, raising concerns among investors and analysts alike.

One of the key factors contributing to the decline in Phreesia's stock price is the recent insider selling activity. Over the past 24 months, insiders have sold a total of 441,256 shares, amounting to approximately $11.1 million. This substantial selling by insiders has raised questions about their confidence in the company's future prospects and has likely contributed to the negative sentiment surrounding the stock.

Additionally, institutional investors have been adjusting their positions in

. Blair William & Co. IL, for instance, reduced its holdings in the company by 78.6% during the fourth quarter. Such moves by major investors can signal a lack of confidence in the company's performance and future growth potential, further impacting the stock price.

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