BlackRock Amends Phreesia Stake, Signals Ownership Change
Ticker: PHR · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1412408
| Field | Detail |
|---|---|
| Company | Phreesia, INC. (PHR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Phreesia stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Phreesia, Inc. (NYSE: PHR) Common Stock as of December 31, 2023. This amendment, number 4, indicates a change in BlackRock's beneficial ownership, which is important for investors as it shows a major institutional investor's updated position in the company, potentially signaling their confidence or concerns about Phreesia's future performance.
Why It Matters
This filing updates BlackRock's position in Phreesia, Inc., providing transparency on a significant institutional investor's holdings and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should review the full SC 13G/A filing to understand the specific changes in BlackRock's beneficial ownership of Phreesia, Inc. Common Stock and consider how this might align with their own investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Phreesia, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 71944F106 (string) — the CUSIP number for Phreesia, Inc. Common Stock
Forward-Looking Statements
- BlackRock's updated position in Phreesia, Inc. will be closely watched by other institutional investors. (BlackRock Inc.) — high confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 4'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY' section.
What company's securities are the subject of this filing?
The subject company is Phreesia, Inc., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Phreesia, Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Phreesia, Inc. (PHR).