PHREESIA INC PHR
COM · Common Stock · CUSIP 71944F106 · ISIN US71944F1066
American healthcare software company
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersWilmington, DE
- Founded2005
- Websitephreesia.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.0m this quarter). Holder counts are more reliable. Shares outstanding: 60.3m as of 2025-12-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $16.92. Options: 5 managers hold calls ($1.9m notional), 7 hold puts ($4.9m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 181 |
| Q4 2022 | 180 |
| Q1 2023 | 206 |
| Q2 2023 | 194 |
| Q3 2023 | 178 |
| Q4 2023 | 188 |
| Q1 2024 | 191 |
| Q2 2024 | 177 |
| Q3 2024 | 192 |
| Q4 2024 | 193 |
| Q1 2025 | 224 |
| Q2 2025 | 225 |
| Q3 2025 | 235 |
| Q4 2025 | 231 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 93 | 91 |
| Q2 2024 | 86 | 89 |
| Q3 2024 | 102 | 66 |
| Q4 2024 | 92 | 90 |
| Q1 2025 | 122 | 80 |
| Q2 2025 | 127 | 100 |
| Q3 2025 | 134 | 103 |
| Q4 2025 | 129 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $6.2m | $12.7m | 2.06 |
| Q2 2025 | $8.1m | $3.8m | 0.47 |
| Q3 2025 | $3.1m | $6.4m | 2.07 |
| Q4 2025 | $1.9m | $4.9m | 2.66 |
Biggest buyers
| Granahan Investment Management, LLC | Added | +1.0m |
| Prosight Management, LP | New | +977.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +899.1k |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Added | +882.3k |
| AMERIPRISE FINANCIAL INC | Added | +512.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +506.9k |
| FRANKLIN RESOURCES INC | Added | +446.9k |
| JPMORGAN CHASE & CO | Added | +395.5k |
| ALGERT GLOBAL LLC | Added | +383.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +369.3k |
Biggest sellers
| FMR LLC | Reduced | -3.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.6m |
| Greenhouse Funds LLLP | Reduced | -1.4m |
| LOOMIS SAYLES & CO L P | Sold out | -1.2m |
| Champlain Investment Partners, LLC | Reduced | -1.1m |
| MACQUARIE GROUP LTD | Sold out | -782.1k |
| BESSEMER GROUP INC | Reduced | -506.4k |
| Capricorn Fund Managers Ltd | Sold out | -484.5k |
| Park West Asset Management LLC | Reduced | -383.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC | Sold out | -314.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $893.4k52.8k shares |
| IMC-Chicago, LLC | Added | $434.8k25.7k shares |
| GROUP ONE TRADING LLC | Added | $377.3k22.3k shares |
| Walleye Capital LLC | New | $91.4k5.4k shares |
| SIMPLEX TRADING, LLC | Added | $60.9k3.6k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $1.4m83.3k shares |
| CITADEL ADVISORS LLC | Added | $1.1m62.6k shares |
| Jefferies Financial Group Inc. | New | $1.0m59.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $810.5k47.9k shares |
| GROUP ONE TRADING LLC | Added | $323.2k19.1k shares |
| IMC-Chicago, LLC | Added | $250.4k14.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $86.3k5.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Pale Fire Capital SE 13D · may seek influence +2.0 pts · filed 2026-04-02 | 14.7% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| BlackRock Portfolio Management LLC 13G · institution new · filed 2026-10-27 | 5.1% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-12 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Greenhouse Funds LLLP (4.1%, 2026-02-17), Capital International Investors (4.7%, 2026-02-13), FMR LLC (0.6%, 2026-01-08)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 8 | $5.5m | $650.4k |
| Q2 2024 | 0 | — | 7 | $1.5m | $462.0k |
| Q3 2024 | 0 | — | 9 | $1.2m | $284.5k |
| Q4 2024 | 0 | — | 8 | $3.1m | $2.9m |
| Q1 2025 | 0 | — | 7 | $7.5m | $3.3m |
| Q2 2025 | 0 | — | 9 | $2.6m | $1.6m |
| Q3 2025 | 0 | — | 10 | $7.6m | $6.9m |
| Q4 2025 | 0 | — | 7 | $236.2k | $6.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-17 | Hui Yvonne Principal Accounting Officer | Sold plan | $6.9k426 shares |
| 2025-12-17 | Linetsky David President, Network Solutions · By Spouse | Sold | $1.6k94 shares |
| 2025-10-17 | Indig Chaim Chief Executive Officer, director | Sold | $70.7k3.2k shares |
| 2025-10-17 | Linetsky David President, Network Solutions | Sold | $46.0k2.1k shares |
| 2025-10-17 | Roberts Evan President, Provider Solutions | Sold | $42.2k1.9k shares |
| 2025-10-17 | Hoffman Allison C General Counsel & Secretary | Sold | $27.7k1.2k shares |
| 2025-10-17 | Gandhi Balaji Chief Financial Officer | Sold | $19.8k885 shares |
| 2025-10-17 | VanDuyn Amy Beth SVP, Human Resources | Sold | $14.3k639 shares |
| 2025-10-15 | Hui Yvonne Principal Accounting Officer | Sold | $7.0k302 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 5.7m $97.2m | Added +39.5k |
| BlackRock, Inc. 0.00% of their portfolio | 5.6m $95.4m | Reduced -56.7k |
| Capital International Investors 0.01% of their portfolio | 2.9m $48.2m | Reduced -283.3k |
| Greenhouse Funds LLLP 1.62% of their portfolio | 2.5m $41.8m | Reduced -1.4m |
| Granahan Investment Management, LLC 1.74% of their portfolio | 2.4m $40.6m | Added +1.0m |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.0m $33.8m | Added +446.9k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.43% of their portfolio | 2.0m $33.8m | Added +882.3k |
| Nuveen, LLC 0.01% of their portfolio | 1.9m $31.7m | Added +211.3k |
| Champlain Investment Partners, LLC 0.28% of their portfolio | 1.6m $27.2m | Reduced -1.1m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.6m $26.6m | Added +506.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $24.6m | Added +22.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $22.5m | Added +4.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $17.6m | Added +23.4k |
| GW&K Investment Management, LLC 0.15% of their portfolio | 1.0m $17.5m | Added +57.3k |
| Prosight Management, LP 3.42% of their portfolio | 977.2k $16.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 912.9k $15.4m | Added +192.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 899.1k $15.2m | New |
| Rock Springs Capital Management LP 0.76% of their portfolio | 876.6k $14.8m | Added +127.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 857.2k $14.6m | Added +58.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 854.0k $14.4m | Added +123.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 846.5k $14.3m | Added +512.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 813.2k $13.8m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 628.3k $10.6m | Added +369.3k |
| Park West Asset Management LLC 0.75% of their portfolio | 523.0k $8.8m | Reduced -383.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 520.0k $8.8m | Reduced -40.5k |
| BROWN ADVISORY INC 0.01% of their portfolio | 510.9k $8.6m | Reduced -312.9k |
| MORGAN STANLEY 0.00% of their portfolio | 507.8k $8.6m | Added +132.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 507.2k $8.6m | Added +395.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 487.5k $8.2m | Reduced -43.6k |
| Meros Investment Management, LP 3.21% of their portfolio | 478.3k $8.1m | Added +156.1k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio | 474.1k $8.0m | Added +645 |
| RIVERBRIDGE PARTNERS LLC 0.15% of their portfolio | 459.0k $7.8m | Reduced -46.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 437.1k $7.4m | Added +255.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 412.6k $7.0m | Reduced -88.5k |
| ALGERT GLOBAL LLC 0.11% of their portfolio | 398.8k $6.7m | Added +383.2k |
| FMR LLC 0.00% of their portfolio | 363.0k $6.1m | Reduced -3.6m |
| CAMBIAR INVESTORS LLC 0.27% of their portfolio | 358.5k $6.1m | Added +117.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 337.7k $5.7m | Added +75.5k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 336.7k $5.7m | Added +159.3k |
| ArrowMark Colorado Holdings LLC 0.12% of their portfolio | 328.3k $5.6m | Reduced -23.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 313.9k $5.3m | Added +287.3k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 305.1k $5.2m | Added +50.2k |
| PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio | 300.3k $5.1m | Reduced -44.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 298.0k $5.0m | Added +221.8k |
| Squarepoint Ops LLC 0.01% of their portfolio | 291.1k $4.9m | Added +58.1k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 286.3k $4.8m | Added +210.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 269.3k $4.6m | Reduced -106.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 268.3k $4.5m | Added +169.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 266.8k $4.5m | Added +117.3k |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 251.2k $4.3m | New |
| NICHOLAS COMPANY, INC. 0.07% of their portfolio | 248.7k $4.2m | Added +36.5k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 235.6k $4.0m | Reduced -244.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 215.3k $3.6m | Added +8.1k |
| UBS Group AG 0.00% of their portfolio | 215.0k $3.6m | Added +16.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 211.4k $3.6m | Added +37.8k |
| MOODY NATIONAL BANK TRUST DIVISION 0.32% of their portfolio | 195.9k $3.3m | Added +76.3k |
| Woodline Partners LP 0.01% of their portfolio | 191.0k $3.2m | New |
| Bellevue Group AG 0.06% of their portfolio | 183.2k $3.1m | Reduced -129.8k |
| Boston Partners 0.00% of their portfolio | 170.1k $2.9m | Added +37.8k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 167.6k $2.8m | Added +518 |
| CONNORS INVESTOR SERVICES INC 0.24% of their portfolio | 162.6k $2.8m | Added +52.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 147.5k $2.5m | Added +98.7k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.04% of their portfolio | 145.0k $2.5m | New |
| ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.38% of their portfolio | 138.1k $2.3m | Added +15.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 136.9k $2.3m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 130.6k $2.2m | Reduced -244.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 121.5k $2.1m | Reduced -10.3k |
| Swiss National Bank 0.00% of their portfolio | 118.2k $2.0m | Added +2.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 114.1k $1.9m | Reduced -55.0k |
| BARCLAYS PLC 0.00% of their portfolio | 113.9k $1.9m | Added +21.6k |
| Conestoga Capital Advisors, LLC 0.03% of their portfolio | 111.3k $1.9m | Added +34.8k |
| Birchview Capital, LP 1.10% of their portfolio | 110.7k $1.9m | Reduced -4.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 106.1k $1.8m | Added +43.0k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.26% of their portfolio | 102.4k $1.7m | Reduced -2.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 93.1k $1.6m | Added +69.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 91.1k $1.5m | Reduced -1.6m |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 84.6k $1.4m | Reduced -2.6k |
| Invesco Ltd. 0.00% of their portfolio | 82.2k $1.4m | Added +9.5k |
| SCHWARTZ INVESTMENT COUNSEL INC 0.05% of their portfolio | 78.7k $1.3m | Added +29.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 74.6k $1.3m | Added +36.1k |
| TANDEM CAPITAL MANAGEMENT CORP /ADV 0.56% of their portfolio | 72.3k $1.2m | Reduced -3.6k |
| SG Americas Securities, LLC 0.00% of their portfolio | 71.1k $1.2m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 70.4k $1.2m | Added +5.6k |
| MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio | 67.8k $1.1m | New |
| Dynamic Technology Lab Private Ltd 0.26% of their portfolio | 67.7k $1.1m | Added +39.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 66.3k $1.1m | Added +1.5k |
| WESBANCO BANK INC 0.03% of their portfolio | 64.5k $1.1m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.5k $1.1m | Reduced -212 |
| Engineers Gate Manager LP 0.01% of their portfolio | 58.2k $985.2k | Added +21.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 58.0k $981.9k | Added +34.5k |
| Legal & General Group Plc 0.00% of their portfolio | 57.9k $979.9k | Reduced -13.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.5k $939.8k | Reduced -8 |
| Cinctive Capital Management LP 0.05% of their portfolio | 54.8k $926.9k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 54.1k $915.8k | Reduced -2.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 52.7k $891.0k | Added +15.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 52.0k $879.5k | New |
| DIVERSIFIED TRUST CO 0.02% of their portfolio | 51.4k $870.1k | Added +5.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 50.9k $861.4k | Reduced -124.1k |
| ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio | 49.7k $841.1k | Reduced -9.2k |
| BESSEMER GROUP INC 0.00% of their portfolio | 48.1k $815.0k | Reduced -506.4k |