SCHEDULE: Champlain Investment Partners Discloses 4.6% Stake in Phreesia

Champlain Investment Partners, LLC has disclosed a 4.6% passive beneficial ownership stake in Phreesia, Inc. common stock.

Summary

• Champlain Investment Partners, LLC reported beneficial ownership of 2,724,553 shares of Phreesia, Inc. common stock.
• This ownership represents 4.6% of the total class of securities.
• The reporting person, an Investment Adviser (IA), holds sole voting power over 1,742,028 shares and sole dispositive power over all 2,724,553 shares.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Phreesia, Inc.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of passive beneficial ownership, providing no direct positive or negative operational insights into the issuer, Phreesia, Inc. The sentiment is neutral regarding the company's performance.

Positives

• A significant investment by Champlain Investment Partners, LLC, a recognized investment adviser, indicates confidence in Phreesia, Inc.
• The passive nature of the investment suggests no immediate intent to influence company control, which can provide stability to the market.

Negatives

• No negative information about Phreesia, Inc.'s operations or financial performance is disclosed in this ownership filing.

Risks

• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating potential governance risks from this specific shareholder.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

This filing is a routine disclosure of a passive ownership stake and does not provide specific insights into broader industry trends or competitive dynamics for Phreesia, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake, which may influence market perception of stability.
• Management: Informs management of a significant passive investor, without immediate implications for control or operational changes.

Key Dates

Keywords

Phreesia, Champlain Investment Partners, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, SEC Filing