Performant Healthcare (PHLT)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	7.78 mm	7.78 mm	7.78 mm	7.78 mm	7.78 mm	7.78 mm
Cash burn (monthly)	883.00 k	801.17 k	789.67 k	619.83 k	437.00 k	(no burn)
Cash used (since last report)	3.76 mm	3.41 mm	3.36 mm	2.64 mm	1.86 mm	n/a
Cash remaining	4.01 mm	4.36 mm	4.41 mm	5.14 mm	5.91 mm	n/a
Runway (months of cash)	4.5	5.4	5.6	8.3	13.5	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

PHLT institutional ownership history Ownership history

92.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	79	71	+11.3%
Opened positions	11	8	+37.5%
Closed positions	3	10	-70.0%
Increased positions	28	25	+12.0%
Reduced positions	20	24	-16.7%

13F shares	Current	Prev Q	Change
Total value	218.81 bn	166.51 bn	+31.4%
Total shares	72.06 mm	68.13 mm	+5.8%
Total puts	21.60 k	0.00	NEW
Total calls	4.50 k	2.30 k	+95.7%
Total put/call ratio	4.8	–	–

Largest owners	Shares	Value	Change
Prescott Group Capital Management, L.L.C.	15.79 mm	$59.07 bn	0.0%
First Light Asset Management	11.21 mm	$41.93 bn	+6.6%
Topline Capital Management	6.65 mm	$25.66 mm	+71.2%
BlackRock	4.85 mm	$18.13 bn	NEW
Vanguard	3.85 mm	$14.40 bn	+1.7%
Mill Road Capital Management	3.26 mm	$12.20 bn	0.0%
Mill Road Capital II	3.26 mm	$6.92 mm	0.0%
Punch & Associates Investment Management	2.89 mm	$10.79 bn	0.0%
First Eagle Investment Management	2.32 mm	$8.69 bn	+2.9%
Mirador Capital Partners	2.07 mm	$7.72 bn	+0.7%

Largest transactions	Shares	Bought/sold	Change
BlackRock	4.85 mm	+4.85 mm	NEW
BLK BlackRock	0.00	-4.62 mm	EXIT
Topline Capital Management	6.65 mm	+2.76 mm	+71.2%
First Light Asset Management	11.21 mm	+696.20 k	+6.6%
Schonfeld Strategic Advisors	22.90 k	-242.97 k	-91.4%
Parkman Healthcare Partners	1.44 mm	-182.36 k	-11.2%
MS Morgan Stanley	225.58 k	+122.10 k	+118.0%
GS The Goldman Sachs Group, Inc.	162.14 k	+92.41 k	+132.5%
BCS Barclays	111.51 k	+73.75 k	+195.3%
CWC Advisors	72.43 k	+72.43 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PHLT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Dec 24	Lisa Im	Common Stock, par value $0.0001 per share	Sell	Dispose S	No	No	3.2584	6,154	20.05 k	1,410,280
14 Aug 24	Rohit Ramchandani	Common Stock, par value $0.0001 per share	Payment of exercise	Dispose F	No	No	3.53	5,540	19.56 k	211,276
14 Aug 24	Rohit Ramchandani	Common Stock, par value $0.0001 per share	Option exercise	Acquire M	No	No	0	15,525	0.00	216,816
14 Aug 24	Rohit Ramchandani	RSU Common Stock	Option exercise	Dispose M	No	No	0	15,525	0.00	15,525
14 Aug 24	Simeon Kohl	Common Stock, par value $0.0001 per share	Payment of exercise	Dispose F	No	No	3.53	4,931	17.41 k	424,824
14 Aug 24	Simeon Kohl	Common Stock, par value $0.0001 per share	Option exercise	Acquire M	No	No	0	20,250	0.00	429,755
14 Aug 24	Simeon Kohl	RSU Common Stock	Option exercise	Dispose M	No	No	0	20,250	0.00	20,250
13 Aug 24	Rohit Ramchandani	Common Stock, par value $0.0001 per share	Payment of exercise	Dispose F	No	No	3.65	8,265	30.17 k	201,291
13 Aug 24	Rohit Ramchandani	Common Stock, par value $0.0001 per share	Option exercise	Acquire M	No	No	0	23,162	0.00	209,556
13 Aug 24	Rohit Ramchandani	RSU Common Stock	Option exercise	Dispose M	No	No	0	23,162	0.00	46,324

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Performant to Participate in the Upcoming BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference

5 Feb 25

Performant Healthcare, Inc. (NASDAQ:PHLT) ("Performant"), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the BTIG at

Performant Healthcare, Inc. Ticker Symbol Change to "PHLT"

16 Dec 24

Performant Healthcare, Inc. (NASDAQ:PFMT) ("Performant" or the "Company") is pleased to announce that its ticker symbol on the Nasdaq stock exchange will change from "PFMT" to "PHLT" effective as of market open on

Performant Announces Name Change to Performant Healthcare, Inc. – Concludes Strategic Shift to Healthcare

10 Dec 24

New Nasdaq Ticker Symbol Will Be PHLT Performant Financial Corporation (NASDAQ:PFMT) today announced it has changed its name to Performant Healthcare, Inc. ("Performant" or the "Company"), and plans to update its

Performant to Participate in the Noble Capital Markets 20th Annual Emerging Growth Equity Conference

26 Nov 24

Performant to Participate in the Craig-Hallum Alpha Select Conference

12 Nov 24