The open-market selling by two executives immediately following weak earnings and guidance cuts raises concerns about internal confidence. While the dollar amount is not massive, the timing and context amplify its signal. Traders should watch for further selling or lack of buy-side commentary from management.
Price Chart
Executive Summary
Two Phreesia executives sold shares worth $184K in open-market transactions days after the company reported disappointing earnings and lowered revenue guidance. These sales follow significant tax-related share withholdings by multiple insiders, which are routine and non-cash events.
Key Financial Metrics
Key Facts
- General Counsel Hoffman Allison C sold $117K in shares on April 10, 2026.
- President David Linetsky sold $67K in shares on the same day.
- These open-market sales follow $841K in tax withholding transactions by five insiders on April 9, including CEO Chaim Indig surrendering 33,008 shares.
- The earnings miss and lowered guidance were reported just 10 days prior (Item 2.02 filing).
- Total insider open-market selling over the past 30 days now stands at $184K, representing ~0.038% of market cap.
Financial Impact
Open-market sales totaled $184K, or 0.038% of $490M market cap — modest in size but notable given timing.
Risk Factors
- Erosion of investor confidence due to insider selling post-earnings miss
- Potential for downward pressure on stock if more insiders follow suit
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PHR-1776125373461 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | 8-K | $11.10 $10.07 | ▲ +9.28% | ▲ +8.09% | $10.36 (+6.67%) |
May 14, 2026 20w ago | DEFA14A | $8.77 $9.15 | ▲ +4.33% | ▲ +2.21% | $10.36 (+18.13%) |
Apr 10, 2026 25w ago | Insider Cluster | $8.06 $9.83 | ▼ −21.96% | ▼ −13.43% | $10.36 (−28.54%) |
Apr 10, 2026 25w ago | Insider Cluster | $8.06 $9.83 | ▼ −21.96% | ▼ −13.43% | $10.36 (−28.54%) |
Apr 3, 2026 26w ago | 8-K | $9.15 $9.67 | ▼ −5.68% | ▲ +3.30% | $10.36 (−13.22%) |
Mar 18, 2026 28w ago | Insider Cluster | $11.20 $9.17 | ▼ −18.13% | ▼ −24.17% | $10.36 (−7.50%) |
US Market Status
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