Privia Health Group, Inc. (NASDAQ:PRVA) Major Shareholder Sells $71,896,193.28 in Stock

Privia Health Group, Inc. (NASDAQ:PRVAGet Rating) major shareholder Advisors L.L.C. Mbd sold 3,186,888 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $22.56, for a total transaction of $71,896,193.28. Following the transaction, the insider now directly owns 24,826,071 shares of the company’s stock, valued at $560,076,161.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Privia Health Group Price Performance

Shares of NASDAQ PRVA opened at $22.80 on Friday. The firm’s 50-day moving average is $32.02 and its two-hundred day moving average is $32.07. The company has a market capitalization of $2.61 billion, a PE ratio of -63.33 and a beta of 0.99. Privia Health Group, Inc. has a 12-month low of $17.99 and a 12-month high of $44.64.

Privia Health Group (NASDAQ:PRVAGet Rating) last posted its earnings results on Thursday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $342.90 million for the quarter, compared to analyst estimates of $323.66 million. Privia Health Group had a negative return on equity of 6.82% and a negative net margin of 3.02%. On average, analysts forecast that Privia Health Group, Inc. will post -0.25 EPS for the current fiscal year.

Institutional Trading of Privia Health Group

A number of large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System purchased a new position in Privia Health Group in the 2nd quarter valued at about $382,000. First Horizon Advisors Inc. raised its holdings in shares of Privia Health Group by 4,330.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,019 shares of the company’s stock worth $29,000 after purchasing an additional 996 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Privia Health Group by 44.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 39,495 shares of the company’s stock valued at $1,150,000 after purchasing an additional 12,085 shares in the last quarter. Riverbridge Partners LLC grew its holdings in shares of Privia Health Group by 1.5% during the 2nd quarter. Riverbridge Partners LLC now owns 2,080,967 shares of the company’s stock worth $60,598,000 after purchasing an additional 31,010 shares during the period. Finally, TD Asset Management Inc. increased its position in Privia Health Group by 5.9% during the 1st quarter. TD Asset Management Inc. now owns 48,162 shares of the company’s stock worth $1,287,000 after purchasing an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 62.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRVA shares. Piper Sandler cut their target price on Privia Health Group to $42.00 in a research note on Thursday, November 17th. Cowen raised their target price on Privia Health Group from $35.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Canaccord Genuity Group lowered their price target on shares of Privia Health Group from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. BTIG Research raised their price objective on shares of Privia Health Group to $45.00 in a research note on Monday, August 15th. Finally, SVB Leerink lowered their target price on shares of Privia Health Group from $46.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Privia Health Group has an average rating of “Buy” and a consensus target price of $41.08.

About Privia Health Group

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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.

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