PIII - P3 Health Partners gains after insider purchases

2023-05-17 11:31:05 ET

P3 Health Partners ( NASDAQ: PIII ), an operator of clinics and wellness centers in the U.S., added ~8% in the morning hours on Wednesday after its top management team disclosed the initial purchases of company shares.

According to regulatory filings on Wednesday, the chief executive of P3 Health ( PIII ), Sherif Abdou, and the company’s chief financial officer Atul Kavthekar have made the buys in two separate transactions.

Abdou, who co-founded P3 Health ( PIII ) in 2015, bought ~108.3K PII shares on Friday for ~$2.63 in a transaction worth ~$284.4K.

Meanwhile, Atul Kavthekar, who took over the company’s CFO role in December, purchased ~18.7K shares for ~ $2.65 apiece on Monday in a transaction valued at ~$50.0K.

This year, P3 Health ( PIII ) has added more than ~86% amid favorable ratings from Wall Street and Seeking Alpha analysts.

More on P3 Health

• P3 Health Partners Reaffirms 2022 Growth Over 61% And Path To Profitability
• P3 Health Partners Inc. Could Be A Good Play Eventually

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