Privia Health Group (NASDAQ:PRVA) CFO David Mountcastle Sells 600 Shares of Stock

Privia Health Group, Inc. (NASDAQ:PRVAGet Free Report) CFO David Mountcastle sold 600 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $27.57, for a total value of $16,542.00. Following the completion of the transaction, the chief financial officer directly owned 186,128 shares in the company, valued at $5,131,548.96. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Mountcastle also recently made the following trade(s):

  • On Thursday, July 2nd, David Mountcastle sold 24,734 shares of Privia Health Group stock. The stock was sold at an average price of $27.50, for a total transaction of $680,185.00.
  • On Friday, June 26th, David Mountcastle sold 17,196 shares of Privia Health Group stock. The shares were sold at an average price of $25.18, for a total transaction of $432,995.28.
  • On Monday, May 11th, David Mountcastle sold 3,385 shares of Privia Health Group stock. The stock was sold at an average price of $22.60, for a total value of $76,501.00.
  • On Monday, May 4th, David Mountcastle sold 1,206 shares of Privia Health Group stock. The shares were sold at an average price of $25.00, for a total transaction of $30,150.00.
  • On Friday, May 1st, David Mountcastle sold 7,179 shares of Privia Health Group stock. The shares were sold at an average price of $25.03, for a total transaction of $179,690.37.

Privia Health Group Price Performance

Shares of NASDAQ PRVA opened at $27.77 on Friday. The company has a 50-day moving average price of $23.71 and a 200-day moving average price of $23.11. The stock has a market capitalization of $3.50 billion, a P/E ratio of 173.57, a P/E/G ratio of 2.15 and a beta of 0.83. Privia Health Group, Inc. has a 1 year low of $18.77 and a 1 year high of $27.81.

Institutional Investors Weigh In On Privia Health Group

Several large investors have recently added to or reduced their stakes in PRVA. ArrowMark Colorado Holdings LLC purchased a new stake in Privia Health Group during the 3rd quarter worth about $8,750,000. Renaissance Group LLC purchased a new position in Privia Health Group during the 4th quarter valued at about $7,776,000. Principal Financial Group Inc. grew its holdings in Privia Health Group by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,787,802 shares of the company’s stock valued at $66,099,000 after buying an additional 43,589 shares in the last quarter. Algert Global LLC increased its position in shares of Privia Health Group by 277.4% during the third quarter. Algert Global LLC now owns 484,304 shares of the company’s stock valued at $12,059,000 after buying an additional 355,966 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Privia Health Group during the first quarter valued at about $1,055,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

PRVA has been the subject of several analyst reports. Weiss Ratings raised Privia Health Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Barclays cut their target price on Privia Health Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 26th. Canaccord Genuity Group reduced their target price on shares of Privia Health Group from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Zacks Research lowered Privia Health Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Evercore set a $26.00 price target on Privia Health Group in a report on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.15.

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About Privia Health Group

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Privia Health Group (NASDAQ: PRVA) is a physician enablement company that partners with independent physicians, medical groups and health systems to transform the delivery of patient care. Through a clinically integrated network and a proprietary technology platform, the company supports providers in managing population health, delivering coordinated care and optimizing financial performance under both fee-for-service and value-based reimbursement models.

Founded in 2016 and headquartered in McLean, Virginia, Privia Health has rapidly expanded its footprint to serve multiple metropolitan markets across the United States.

Further Reading

Insider Buying and Selling by Quarter for Privia Health Group (NASDAQ:PRVA)

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