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Jennison Associates LLC acquires 394,599 Phreesia, Inc. shares (NYSE:PHR)

Jennison Associates LLC acquires 394,599 Phreesia, Inc. shares (NYSE:PHR)

The most recent 13F filing that Jennison Associates LLC has made with the Securities and Exchange Commission (SEC) reveals that during the third quarter of 2018, the company increased its holdings in Phreesia, Inc. (NYSE: PHR) by 55.1%. The company increased the total number of shares it owned by purchasing an additional 394,599 of its stock throughout the time frame, bringing the total number of shares it owned to 1,110,942. At the end of the most recent reporting period, the value of Jennison Associates LLC’s 2.11% share of Phreesia was $28,307,000.

In recent times, various other types of institutional investors, including hedge funds, other financial institutions, and various other investors, have modified their PHR holdings. The total value of FMR LLC’s holdings in Phreesia increased by 28.1% during the second quarter of this year. Following the acquisition of a further 1,363,173 shares during the relevant period, FMR LLC now holds a total of 6,217,649 shares of the company’s stock, which has a value of $155,504,000. During the second quarter of 2018, Phreesia received an investment from Deerfield Management Company L.P. Series C for $21,436,000. Brown Advisory Inc. increased the amount of Phreesia that it held by 31.8% during the second quarter. After making additional purchases totaling 523,740 shares during the most recent fiscal quarter, Brown Advisory Inc. now has 2,168,575 shares of the company’s stock in its possession. These shares have a value of $54,236,000 collectively. PointState Capital L.P. spent a total of $11,425,000 during the second quarter to acquire a new interest in Phreesia as part of a business transaction.

Last but not least, during the second quarter, Franklin Resources Inc. increased its total percentage of Phreesia stock to 39.8 percent. Franklin Resources Inc. purchased 399,208 shares of the company’s stock during the most recent quarter, bringing the total number of shares it owns to 1,403,008, with a value of $35,089,000. At present, institutional investors own 92.3% of the equity in the company.

On Tuesday, December 13, General Counsel Allison C. Hoffman sold 3,109 shares of Phreesia stock. This is another development that is relevant to this topic. The shares were acquired for a total cost of $106,949.60, which works out to a price of $34.40 per share on an average basis. Following the successful conclusion of the transaction, the general counsel has been vested with ownership of 103,063 company shares, each of which is estimated to have a value of $3,545,367.20. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC.

Additionally, on Friday, December 9, Senior Vice President David Linetsky sold 26,837 shares of company stock. This was reported in another piece of news. There was 798,937.49 dollars’ worth of transactions involving the company’s stock, with each share selling for an average of 29.77 dollars. Following the completion of the transaction, the senior vice president will have a total of 196,862 shares in the company, each of which is currently valued at approximately 5,860,581.74 dollars. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. In addition, Allison C. Hoffman, who had served as the company’s general counsel, sold 3,109 shares of the company’s stock on December 13. The shares were acquired for a total cost of $106,949.60, which works out to a price of $34.40 per share on an average basis. Following the successful conclusion of the transaction, the general counsel has been vested with ownership of 103,063 company shares, each of which is estimated to have a value of $3,545,367.20. Disclosures that are related to the sale might be found in this section of the website. Insiders were responsible for the sale of 78,371 shares of company stock during the most recent ninety days, which resulted in a total value of $2,368,147. That means that corporate insiders control 5.50 percent of the total number of shares outstanding in the company.

When trading started on Tuesday, the price of a share of PHR was $35.41 per share. Phreesia, Inc. can be purchased for anywhere between $13.19 and $36.95 per share over a year. Both the quick ratio and the current ratio are sitting at 3.94 at the moment. The ratio of debt to equity is currently at 0. The stock price has a 50-day moving average of $29.58 and a 200-day moving average of $26.61, respectively.

Phreesia (NYSE: PHR) disclosed the company’s most recent quarterly financial report on December 8, which included the company’s financial results. Earnings per share for the company came in at $0.76 for the quarter, which was $0.12 higher than the consensus estimate among analysts, which was $0.88. The return on equity for Phreesia was below average, coming in at 50.32%, and the net margin for the company was also below average, coming in at 70.36%. The revenue for the quarter came in at $73.10 million, which was higher than the $71.16 million that analysts had anticipated the revenue would be. Phreesia, Inc. is expected to post a loss of $3.43 per share for the current fiscal year, according to projections made by equity analysts.

Clients of a variety of different brokerages have access to PHR reports thank.

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