Corporate Insiders Are Selling These 5 Small-Cap Stocks

3. Phreesia Inc (NYSE:PHR)

Number of Hedge Fund Investors: 20

Phreesia Inc (NYSE:PHR) makes software solutions for the healthcare industry. Phreesia Inc’s (NYSE:PHR) COO Evan Roberts on March 21 unloaded 25,962 shares of Phreesia Inc (NYSE:PHR) at $23.52 per share. Since March 21 through March 26 the stock is almost flat.

Conestoga Capital Advisors Micro Cap Strategy stated the following regarding Phreesia, Inc. (NYSE:PHR) in its fourth quarter 2023 investor letter:

“Phreesia, Inc. (NYSE:PHR): PHR, a leader in patient intake software to the medical industry, had a strong rebound in the fourth quarter after being a laggard in the third quarter. PHR reported a strong third quarter, with margins and adjusted EBITDA significantly beating expectations. PHR’s management also pivoted their financial model with the introduction of their 2024 guidance, reflecting an increased focus on profitability, which came in materially ahead of expectations. Revenue growth guidance moderated but is still projected at greater than 20%.”