Pale fire capital group buys Phreesia (PHR) shares worth $18.3 million

NodeGuardian · 2026-03-30T16:50:48+00:00

Pale Fire Capital SE and partners bought 1,602,505 shares of Phreesia, Inc. for $18.3 million, raising their total to 7,648,829 shares amidst a stock decline. Analysts see PHR as undervalued, with target prices between $22 and $35.

NodeGuardian

2026-03-30 16:50:48

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A group including Pale Fire Capital SE and other entities purchased 1,602,505 shares of Phreesia, Inc. (NASDAQ:PHR) worth $18.3 million between March 17 and March 19, 2026. This acquisition increased their stake to 7,648,829 shares, occurring while PHR’s stock has declined significantly and is trading near its 52-week low. Analyst ratings suggest the stock is undervalued, with price targets between $22 and $35.

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