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 ($1.5m this quarter). Holder counts are more reliable. Shares outstanding: 60.8m as of 2026-03-25, 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 ≈ $8.44. Options: 6 managers hold calls ($1.0m notional), 8 hold puts ($2.8m).
Trends to Q1 2026
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 |
| Q1 2026 | 246 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 151 | 114 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $8.1m | $3.8m | 0.47 |
| Q3 2025 | $3.1m | $6.4m | 2.07 |
| Q4 2025 | $1.9m | $4.9m | 2.66 |
| Q1 2026 | $1.0m | $2.8m | 2.78 |
Biggest buyers
| Pale Fire Capital SE | New | +8.6m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.4m |
| ALGERT GLOBAL LLC | Added | +982.1k |
| Whetstone Capital Advisors, LLC | New | +953.9k |
| OP Asset Management Ltd | Added | +761.8k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +731.2k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +690.5k |
| CITADEL ADVISORS LLC | Added | +657.1k |
| BANK OF AMERICA CORP /DE/ | Added | +588.4k |
| HRT FINANCIAL LP | New | +583.1k |
Biggest sellers
| Capital International Investors | Sold out | -2.9m |
| Greenhouse Funds LLLP | Sold out | -2.5m |
| DEERFIELD MANAGEMENT COMPANY, L.P. | Sold out | -2.0m |
| Champlain Investment Partners, LLC | Sold out | -1.6m |
| MILLENNIUM MANAGEMENT LLC | Sold out | -1.6m |
| Granahan Investment Management, LLC | Reduced | -1.4m |
| FRANKLIN RESOURCES INC | Reduced | -1.3m |
| Nuveen, LLC | Reduced | -867.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -738.7k |
| Qube Research & Technologies Ltd | Reduced | -543.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $291.6k34.8k shares |
| IMC-Chicago, LLC | Added | $227.1k27.1k shares |
| Walleye Capital LLC | Added | $226.3k27.0k shares |
| CITADEL ADVISORS LLC | New | $171.0k20.4k shares |
| SIMPLEX TRADING, LLC | Added | $62.0k7.4k shares |
| GROUP ONE TRADING LLC | Reduced | $41.1k4.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $816.2k97.4k shares |
| JANE STREET GROUP, LLC | Reduced | $677.9k80.9k shares |
| Jefferies Financial Group Inc. | Unchanged | $498.6k59.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $313.4k37.4k shares |
| GROUP ONE TRADING LLC | Added | $310.1k37.0k shares |
| IMC-Chicago, LLC | Reduced | $98.0k11.7k shares |
| Walleye Capital LLC | New | $83.0k9.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $35.2k4.2k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2026 | 0 | — | 7 | $1.5m | $92.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-31 | Barta Jan +4 10% owner · By Pale Fire Capital SICAV a.s. | Bought | $8.2m1.0m shares |
| 2026-03-25 | Gandhi Balaji Chief Financial Officer | Sold | $43.1k3.8k shares |
| 2026-03-23 | Hoffman Allison C General Counsel & Secretary | Sold plan | $73.9k6.2k shares |
| 2026-03-19 | Barta Jan +4 10% owner · By Pale Fire Capital SICAV a.s. | Bought | $9.1m780.0k shares |
| 2026-03-18 | Barta Jan +4 10% owner · By Pale Fire Capital SICAV a.s. | Bought | $5.8m519.2k shares |
| 2026-03-18 | Linetsky David President, Network Solutions · By Spouse | Sold | $1.2k107 shares |
| 2026-03-17 | Barta Jan +4 10% owner · By Pale Fire Capital SICAV a.s. | Bought | $3.4m303.3k shares |
| 2026-01-16 | Indig Chaim Chief Executive Officer, director | Sold | $157.0k9.6k shares |
| 2026-01-16 | Roberts Evan President, Provider Solutions | Sold | $102.5k6.3k shares |
| 2026-01-16 | Linetsky David President, Network Solutions | Sold | $98.8k6.0k shares |
| 2026-01-16 | Gandhi Balaji Chief Financial Officer | Sold | $76.7k4.7k shares |
| 2026-01-16 | Hoffman Allison C General Counsel & Secretary | Sold | $65.4k4.0k shares |
| 2026-01-16 | VanDuyn Amy Beth SVP, Human Resources | Sold | $36.0k2.2k shares |
| 2026-01-15 | Indig Chaim Chief Executive Officer, director | Sold | $49.8k3.0k shares |
| 2026-01-15 | Roberts Evan President, Provider Solutions | Sold | $29.6k1.8k shares |
| 2026-01-15 | Linetsky David President, Network Solutions | Sold | $28.6k1.7k shares |
| 2026-01-15 | Hoffman Allison C General Counsel & Secretary | Sold | $18.1k1.1k shares |
| 2026-01-15 | Gandhi Balaji Chief Financial Officer | Sold | $16.0k975 shares |
| 2026-01-15 | VanDuyn Amy Beth SVP, Human Resources | Sold | $11.3k687 shares |
| 2026-01-15 | Hui Yvonne Principal Accounting Officer | Sold plan | $6.1k379 shares |
| 2026-01-14 | Hui Yvonne Principal Accounting Officer | Sold plan | $6.0k365 shares |
| 2026-01-08 | Indig Chaim Chief Executive Officer, director | Sold | $143.6k8.4k shares |
| 2026-01-08 | Gandhi Balaji Chief Financial Officer | Sold | $136.2k8.0k shares |
| 2026-01-08 | Hoffman Allison C General Counsel & Secretary | Sold | $112.0k6.6k shares |
| 2026-01-08 | Roberts Evan President, Provider Solutions | Sold | $107.5k6.3k shares |
| 2026-01-08 | Linetsky David President, Network Solutions | Sold | $103.9k6.1k shares |
| 2026-01-08 | VanDuyn Amy Beth SVP, Human Resources | Sold | $44.3k2.6k shares |
| 2026-01-08 | Hui Yvonne Principal Accounting Officer | Sold plan | $6.5k372 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Pale Fire Capital SE 6.37% of their portfolio | 8.6m $72.5m | New |
| BlackRock, Inc. 0.00% of their portfolio | 5.9m $49.6m | Added +284.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 3.3m $27.9m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.5m $20.8m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.9m $15.5m | Added +1.4m |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $12.4m | Added +17.3k |
| ALGERT GLOBAL LLC 0.17% of their portfolio | 1.4m $11.6m | Added +982.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $11.5m | Added +42.3k |
| Prosight Management, LP 1.51% of their portfolio | 1.1m $9.2m | Added +122.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 1.1m $9.0m | Added +176.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.0m $8.6m | Added +117.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 1.0m $8.6m | Added +690.5k |
| GW&K Investment Management, LLC 0.08% of their portfolio | 1.0m $8.6m | Reduced -6.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 1.0m $8.5m | Reduced -20.9k |
| Nuveen, LLC 0.00% of their portfolio | 1.0m $8.4m | Reduced -867.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $8.4m | Added +588.4k |
| Granahan Investment Management, LLC 0.40% of their portfolio | 987.6k $8.3m | Reduced -1.4m |
| Whetstone Capital Advisors, LLC 3.01% of their portfolio | 953.9k $8.0m | New |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio | 781.4k $6.5m | Reduced -31.8k |
| OP Asset Management Ltd 0.07% of their portfolio | 774.1k $6.5m | Added +761.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 755.7k $6.3m | Added +731.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 736.0k $6.2m | Reduced -1.3m |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 731.7k $6.1m | Added +657.1k |
| MORGAN STANLEY 0.00% of their portfolio | 729.7k $6.1m | Added +221.9k |
| Meros Investment Management, LP 2.24% of their portfolio | 615.7k $5.2m | Added +137.5k |
| Rock Springs Capital Management LP 0.30% of their portfolio | 600.4k $5.0m | Reduced -276.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 583.1k $4.9m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 581.4k $4.9m | Added +370.0k |
| Jump Financial, LLC 0.07% of their portfolio | 534.3k $4.5m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 520.5k $5.9m | Reduced -336.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 513.3k $4.3m | Reduced -6.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 484.7k $4.1m | Reduced -143.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 483.0k $4.0m | Reduced -4.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 466.7k $4.1m | Added +199.8k |
| SG Americas Securities, LLC 0.00% of their portfolio | 457.9k $3.8m | Added +386.8k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 430.2k $3.6m | Added +93.5k |
| Walleye Capital LLC 0.02% of their portfolio | 410.1k $3.4m | Added +400.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 404.0k $3.4m | First filing |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 395.5k $3.3m | Added +90.5k |
| FMR LLC 0.00% of their portfolio | 355.7k $3.0m | Reduced -7.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 348.3k $2.9m | Added +34.3k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.04% of their portfolio | 325.0k $2.7m | Added +180.0k |
| CAMBIAR INVESTORS LLC 0.13% of their portfolio | 322.7k $2.7m | Reduced -35.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 310.4k $2.6m | Reduced -543.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.01% of their portfolio | 298.8k $2.5m | Added +30.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.09% of their portfolio | 291.9k $2.4m | Added +224.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 289.6k $3.3m | Reduced -217.6k |
| Susquehanna Portfolio Strategies, LLC 0.04% of their portfolio | 281.2k $2.4m | Added +252.4k |
| UBS Group AG 0.00% of their portfolio | 255.8k $2.1m | Added +40.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 234.4k $2.0m | Reduced -34.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 196.7k $1.6m | Added +66.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 184.8k $1.5m | Reduced -30.5k |
| XTX Topco Ltd 0.03% of their portfolio | 174.8k $1.5m | Added +132.6k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 174.0k $1.5m | Added +158.6k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 168.3k $1.4m | Added +718 |
| ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.24% of their portfolio | 166.5k $1.4m | Added +28.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 165.2k $1.4m | Added +112.5k |
| NICHOLAS COMPANY, INC. 0.03% of their portfolio | 152.1k $1.3m | Reduced -96.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 137.6k $1.2m | Added +23.6k |
| Man Group plc 0.00% of their portfolio | 137.4k $1.2m | Added +93.7k |
| Bellevue Group AG 0.03% of their portfolio | 131.0k $1.1m | Reduced -52.2k |
| Palogic Value Management, L.P. 0.48% of their portfolio | 130.0k $1.1m | New |
| Boston Partners 0.00% of their portfolio | 123.9k $1.0m | Reduced -46.2k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 120.8k $1.0m | First filing |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio | 119.2k $1.1m | New |
| Swiss National Bank 0.00% of their portfolio | 118.2k $990.5k | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 107.7k $902.9k | Reduced -738.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 107.6k $901.7k | Added +16.5k |
| Cinctive Capital Management LP 0.06% of their portfolio | 107.2k $898.6k | Added +52.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 106.4k $891.3k | New |
| Invesco Ltd. 0.00% of their portfolio | 101.8k $853.1k | Added +19.6k |
| Creative Planning 0.00% of their portfolio | 95.2k $798.0k | New |
| Quadrature Capital Ltd 0.01% of their portfolio | 93.8k $786.0k | Added +67.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 89.9k $753.3k | Added +42.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 89.7k $753.0k | Added +19.4k |
| Mariner, LLC 0.00% of their portfolio | 89.4k $750.4k | New |
| CWM, LLC 0.00% of their portfolio | 88.6k $742.2k | Added +81.7k |
| Cerity Partners LLC 0.00% of their portfolio | 86.9k $728.5k | Added +55.9k |
| MOODY NATIONAL BANK TRUST DIVISION 0.07% of their portfolio | 86.1k $721.8k | Reduced -109.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 85.0k $712.5k | Reduced -21.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 79.0k $662.4k | Reduced -68.5k |
| SCHWARTZ INVESTMENT COUNSEL INC 0.02% of their portfolio | 78.7k $659.5k | Unchanged |
| Numerai GP LLC 0.07% of their portfolio | 78.0k $653.4k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 73.6k $593.7k | Reduced -19.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 72.0k $603.0k | Reduced -12.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 69.9k $585.6k | New |
| Itau Unibanco Holding S.A. 0.01% of their portfolio | 66.8k $559.6k | New |
| Aquatic Capital Management LLC 0.02% of their portfolio | 65.2k $546.5k | New |
| Inspire Investing, LLC 0.03% of their portfolio | 64.1k $537.0k | Added +36.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.5k $1.1m | Unchanged |
| Prescott Group Capital Management, L.L.C. 0.05% of their portfolio | 60.0k $502.8k | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% of their portfolio | 58.3k $488.8k | Added +300 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.1k $461.9k | Reduced -425 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 54.8k $459.4k | Added +34.5k |
| Freestone Grove Partners LP 0.00% of their portfolio | 54.6k $457.3k | Added +20.8k |
| DIVERSIFIED TRUST CO 0.01% of their portfolio | 54.4k $456.0k | Added +3.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 52.4k $439.3k | Reduced -13.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 52.0k $436.2k | Reduced -69.5k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 52.0k $435.8k | Added +25.5k |
| BARCLAYS PLC 0.00% of their portfolio | 51.0k $427.4k | Reduced -62.9k |