Accolade president Robert Cavanaugh sells $1,275 in inventory

Accolade, Inc. (NASDAQ:ACCD) President Robert N. Cavanaugh lately reported a sale of firm inventory, in keeping with a submitting with the Securities and Alternate Fee. The transaction comes as the corporate’s inventory reveals robust momentum, with a exceptional 100% acquire year-to-date and practically 100% return over the previous six months, in keeping with InvestingPro knowledge. On January 17, Cavanaugh offered 186 shares of Accolade’s frequent inventory at an approximate value of $6.859 per share, totaling $1,275. This transaction was made to cowl tax withholding obligations associated to the vesting and settlement of restricted inventory items (RSUs).

Along with the sale, Cavanaugh acquired 510 shares of frequent inventory on January 16 via the conversion of RSUs. These transactions weren’t discretionary, because the sale was a part of a compulsory sell-to-cover association to fulfill tax obligations.

Following these transactions, Cavanaugh holds 215,089 shares of Accolade’s frequent inventory.

In different current information, Accolade has seen a collection of great developments. The corporate reported strong monetary efficiency, surpassing income expectations with a complete of $106.4 million and reaffirming its fiscal yr 2025 income steering between $460 million to $475 million. Nevertheless, Wells Fargo (NYSE:WFC) advised potential income delays into FY26 as a result of prolonged contract negotiations.

As well as, Accolade has entered right into a merger with Transcarent, a transfer that’s anticipated to reinforce the corporate’s market place by combining Accolade’s well being options with Transcarent’s WayFinding options. This merger will present a broader vary of companies to over 1,400 employer and payer purchasers.

Analyst views on Accolade have diversified. Stifel downgraded Accolade’s inventory from Purchase to Maintain and adjusted the worth goal downward to $7.03, whereas Truist Securities maintained a Purchase score with a value goal of $7.50. Different corporations reminiscent of Stephens, Wells Fargo, and Canaccord Genuity additionally adjusted their value targets for Accolade shares.

The acquisition by Transcarent has led to the liquidation of some future inventory compensation and restricted inventory items, involving roughly 88 million shares. Analysts at Raymond (NSE:RYMD) James have raised questions on how a lot of the projected annual inventory compensation shall be capitalized and the way a lot will proceed as money compensation after the acquisition is accomplished. These developments replicate current tendencies in Accolade’s monetary efficiency and strategic route.

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