Insider Selling: Privia Health Group, Inc. (NASDAQ:PRVA) CFO Sells 5,630 Shares of Stock

Privia Health Group, Inc. (NASDAQ:PRVA) CFO David Mountcastle sold 5,630 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.38, for a total transaction of $125,999.40. Following the transaction, the chief financial officer now owns 179,676 shares of the company’s stock, valued at $4,021,148.88. This trade represents a 3.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Privia Health Group Stock Down 1.2 %

NASDAQ:PRVA opened at $21.97 on Friday. The company has a market cap of $2.65 billion, a P/E ratio of 219.72, a P/E/G ratio of 3.47 and a beta of 0.88. The firm’s 50 day moving average is $23.78 and its two-hundred day moving average is $21.31. Privia Health Group, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Riverbridge Partners LLC increased its stake in Privia Health Group by 19.7% during the fourth quarter. Riverbridge Partners LLC now owns 5,824,458 shares of the company’s stock worth $113,868,000 after acquiring an additional 958,418 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Privia Health Group by 55.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,418,234 shares of the company’s stock worth $27,727,000 after purchasing an additional 503,002 shares in the last quarter. Durable Capital Partners LP raised its holdings in Privia Health Group by 3.4% in the fourth quarter. Durable Capital Partners LP now owns 11,487,843 shares of the company’s stock valued at $224,587,000 after buying an additional 378,255 shares during the period. BlackBarn Capital Partners LP lifted its position in Privia Health Group by 65.8% during the fourth quarter. BlackBarn Capital Partners LP now owns 663,397 shares of the company’s stock valued at $12,969,000 after buying an additional 263,397 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Privia Health Group by 19.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,488,979 shares of the company’s stock worth $29,110,000 after buying an additional 246,393 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Privia Health Group from $25.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Canaccord Genuity Group raised their price target on Privia Health Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Stephens restated an “overweight” rating and issued a $26.00 price objective on shares of Privia Health Group in a research report on Thursday, January 2nd. Macquarie initiated coverage on Privia Health Group in a research report on Monday, December 16th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Privia Health Group in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Privia Health Group currently has an average rating of “Buy” and an average price target of $26.67.

About Privia Health Group

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.