Stephen H. Barnes, Chief Financial Officer of Accolade, Inc. (NASDAQ:ACCD), recently reported a sale of the company's stock. On December 11, Barnes sold 222 shares at an average price of $3.622 per share, totaling approximately $804. The transaction occurs as InvestingPro analysis indicates the stock is trading significantly below its 52-week high of $15.36, with notably volatile price movements. This transaction was executed to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) and was not a discretionary trade by Barnes. Following this transaction, Barnes holds 220,171 shares of Accolade's common stock. According to InvestingPro analysis, the company currently shows signs of being undervalued, with a "GOOD" overall financial health score. For deeper insights into insider trading patterns and comprehensive financial analysis, including 7 additional ProTips, subscribers can access the full Pro Research Report on Accolade.
In other recent news, Accolade Inc (NASDAQ:ACCD). reported strong second-quarter results for 2025, exceeding revenue expectations with a total of $106.4 million and surpassing its adjusted EBITDA guidance. The company also confirmed its fiscal year 2025 revenue guidance between $460 million to $475 million and projected a positive adjusted EBITDA of $15 million to $20 million. Wells Fargo (NYSE:WFC), however, revised Accolade's price target downwards to $6.00, citing concerns over delayed deal closures that may impact the company's anticipated growth. Stephens and Truist Securities also adjusted their price targets for Accolade, to $8.00 and $7.50 respectively, while maintaining positive ratings.
Canaccord Genuity reduced its price target to $7.00 but maintained a Buy rating, expressing confidence in Accolade's ability to meet performance guarantees and secure new business. BofA Securities also adjusted its price target downwards to $5.75, emphasizing the company's path toward improved profitability amid moderating revenue growth. These recent developments underscore the ongoing adjustments in Accolade's financial outlook by various analyst firms, reflecting the dynamic nature of the company's business environment.
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