Progyny appointed Melissa Cummings as COO and Geoffrey Clapp as CPO to enhance operational excellence and product innovation.
Quiver AI Summary
Progyny, a leader in women's health and family building, has announced the appointments of Melissa Cummings as the first Chief Operating Officer and Geoffrey Clapp as the first Chief Product Officer. These roles are intended to enhance the company's operational excellence and innovation in product design, aiming to address various gaps in women's health and family planning services. Cummings, who brings extensive healthcare operations experience, and Clapp, with a strong background in healthcare technology and product development, are expected to drive Progyny's growth and mission to improve healthcare for women and families. The appointments follow significant momentum for Progyny, which now serves over 530 employers and 6.7 million lives, offering comprehensive solutions across the reproductive health journey.
Potential Positives
- Appointment of Melissa Cummings as the first Chief Operating Officer (COO) and Geoffrey Clapp as the first Chief Product Officer (CPO) enhances the executive leadership team, expected to drive operational excellence and innovation in women's health and family building.
- Progyny's strategic growth and expansion efforts are reinforced with the addition of experienced leaders from notable healthcare backgrounds, indicating a commitment to enhance member experience and address unmet needs in family building and women's health.
- The company now serves over 530 employers covering 6.7 million contracted lives, showcasing significant market penetration and trust from leading organizations in delivering value-based care and superior outcomes.
- Progyny has been recognized with multiple awards, including being named a TIME100 Most Influential Company and a CNBC Disruptor 50, reflecting its industry leadership and innovative impact in women's health and family building solutions.
Potential Negatives
- The announcement of two high-level executive appointments could indicate previous gaps in leadership or a need for new direction during a critical growth phase, raising concerns about the effectiveness of current leadership.
- The company's expansion and evolution into additional programs may suggest previous inadequacies in their offerings that needed addressing, which could reflect on the company's past performance.
- While the press release emphasizes the positive aspects of leadership changes, it may inadvertently highlight potential instability or shifts in strategic direction within the company.
FAQ
Who are the new executive appointments at Progyny?
Melissa Cummings has been appointed as the Chief Operating Officer and Geoffrey Clapp as the Chief Product Officer.
What will Melissa Cummings focus on in her new role?
Cummings will drive operational excellence and enhance customer experience in women's health and family building.
What experience does Geoffrey Clapp bring to Progyny?
Clapp has over 20 years in healthcare technology and product development, including leading strategy at Optum Health Solutions.
How does Progyny plan to evolve its services?
Progyny aims to expand access to critical family building and women's health care through innovative product solutions.
What is Progyny's mission?
Progyny's mission is to empower families to realize their dreams of family and ideal health through comprehensive solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PGNY Congressional Stock Trading
Members of Congress have traded $PGNY stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PGNY stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 12/06.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PGNY Insider Trading Activity
$PGNY insiders have traded $PGNY stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PGNY stock by insiders over the last 6 months:
- PETER ANEVSKI (CHIEF EXECUTIVE OFFICER) purchased 209,500 shares for an estimated $3,034,083
- DAVID J SCHLANGER (Executive Chairman) purchased 150,000 shares for an estimated $2,202,330
- NORMAN PAYSON sold 200 shares for an estimated $11,258
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PGNY Hedge Fund Activity
We have seen 129 institutional investors add shares of $PGNY stock to their portfolio, and 156 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RIVERBRIDGE PARTNERS LLC removed 1,704,364 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $29,400,279
- OWLS NEST PARTNERS IA, LLC removed 1,523,147 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $26,274,285
- RIVER ROAD ASSET MANAGEMENT, LLC added 1,479,944 shares (+inf%) to their portfolio in Q4 2024, for an estimated $25,529,034
- CLEARBRIDGE INVESTMENTS, LLC removed 1,268,266 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $21,877,588
- PACER ADVISORS, INC. added 1,183,558 shares (+47.5%) to their portfolio in Q4 2024, for an estimated $20,416,375
- GOLDMAN SACHS GROUP INC added 1,012,046 shares (+71.1%) to their portfolio in Q4 2024, for an estimated $17,457,793
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 1,005,136 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $17,338,596
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PGNY Analyst Ratings
Wall Street analysts have issued reports on $PGNY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 11/13/2024
- Cantor Fitzgerald issued a "Overweight" rating on 11/13/2024
To track analyst ratings and price targets for $PGNY, check out Quiver Quantitative's $PGNY forecast page.
$PGNY Price Targets
Multiple analysts have issued price targets for $PGNY recently. We have seen 3 analysts offer price targets for $PGNY in the last 6 months, with a median target of $19.0.
Here are some recent targets:
- Glen Santangelo from Jefferies set a target price of $19.0 on 11/13/2024
- Sarah James from Cantor Fitzgerald set a target price of $22.0 on 11/13/2024
- Jailendra Singh from Truist Financial set a target price of $19.0 on 11/13/2024
Full Release
NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Progyny (Nasdaq: PGNY), a global leader in women’s health and family building, today announced the appointments of Melissa Cummings as the company’s first Chief Operating Officer (COO) and Geoffrey Clapp as its first Chief Product Officer (CPO). The additions to the executive leadership team will extend Progyny’s ability to further drive operational excellence, advance innovation in product design and member experience, and continue to address care gaps and unmet needs across the spectrum of family building and women’s health – from preconception to fertility and menopause.
“Progyny has established itself at the forefront of building and delivering the right care model for women’s health and family building. As we continue down the path of growth and innovation, we are intentional about bringing in visionary leaders who can accelerate our momentum and expand our impact,” said Pete Anevski, CEO, Progyny. “Melissa and Geoffrey bring the healthcare industry expertise and passion that will power and scale the next stage of our superior solutions and services.”
Cummings is a strategic, data-driven leader with a deep understanding of healthcare operations and a proven track record in general management, payer operations, and customer experience. Her impressive 30-year career in healthcare, includes serving most recently as Executive Vice President and Chief Customer Officer at Blue Cross & Blue Shield of Rhode Island, and prior to that as Vice President, Strategic Product Solutions at Aetna.
“There’s never been a more important time to rethink how women and families have traditionally been supported throughout their health journeys,” said Cummings. “Progyny’s unique model, unparalleled clinical outcomes, and commitment to high-touch care are setting a new standard in healthcare. I’m honored to join at such a transformative point in the company’s journey, and I’m excited to help scale its mission and impact even further.”
Complementing Cummings’ experience is Clapp who brings more than two decades of experience in healthcare technology, start-up innovation, engineering, and product development. As a Senior Vice President as well as Head of Strategy, Optum Health Solutions, he drove innovation that helped significantly increase earnings for both the Renal Care and Organ Transplant products, rebuilding them from the ground up. At Progyny, Clapp will lead product development and strategy and define the development roadmap for scalable, high-impact solutions that expand access to critical family building and women’s health care.
"There are few companies out there that have the passion and resources to impact the women’s health space at scale,” said Clapp “I’m excited to bring my years of experience in leading product to Progyny, where we’re anticipating what members will need tomorrow while delivering meaningful impact today.”
These appointments come at a time of significant momentum for Progyny. The company now serves more than 530 leading employers with 6.7 million contracted lives, offering solutions that span the reproductive health journey. With the latest addition of its Parent and Child Well-being program and doula support, Progyny continues to evolve into a single, trusted solution delivering value-based care, clinical excellence, and consistently superior outcomes.
For more information about Progyny’s leadership and integrated solutions, visit www.progyny.com .
About Progyny
Progyny (Nasdaq: PGNY) is a global leader in women’s health and family building solutions, trusted by the nation’s leading employers, health plans and benefit purchasers. We envision a world where everyone can realize their dreams of family and ideal health. Our outcomes prove that comprehensive, inclusive, and intentionally designed solutions simultaneously benefit employers, patients and physicians.
Our benefits solution empowers patients with concierge support, coaching, education, and digital tools; provides access to a premier network of fertility and women's health specialists who use the latest science and technologies; drives optimal clinical outcomes; and reduces healthcare costs.
Headquartered in New York City, Progyny has been recognized for its leadership and growth as a TIME100 Most Influential Company, CNBC Disruptor 50, Modern Healthcare's Best Places to Work in Healthcare, Forbes' Best Employers, Financial Times Fastest Growing Companies, Inc. 5000, Inc. Power Partners, and Crain's Fast 50 for NYC. For more information, visit www.progyny.com.
For Further Information, Please Contact:
Investors:
James Hart
[email protected]
Media:
Alexis Ford
[email protected]