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Carol Moore, the Senior Vice President of Regulatory and Quality at Cerus Corp (NASDAQ:), recently sold a total of $41,552 worth of company stock, according to the latest SEC filings. The transactions took place over a series of trades with prices ranging from $1.9744 to $2.057 per share.
The sales occurred on March 13, 2024, with Moore disposing of 10,203 shares at an average price of $2.057 and another batch of 10,416 shares at an average price of $1.9744. The sales were executed under a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule to sell stocks legally. It’s a tool often used by corporate executives to avoid accusations of insider trading.
Notably, the sales were conducted to cover statutory tax withholding obligations and corresponding brokerage fees related to the vesting of certain restricted stock units. These transactions do not represent discretionary sales and are a common practice among executives receiving equity as part of their compensation.
The SEC filing also mentioned a transaction code “M,” which typically refers to the exercise of options or conversion of derivative securities like restricted stock units. However, in this case, the transaction total for “M” was $0, indicating that there were no actual exercises of options or conversions that impacted the total shares owned by Moore.
Following the sales, Carol Moore’s ownership in Cerus Corp stands at 490,623 shares of common stock, underlining her continued investment in the company. Cerus Corp, based in Concord, California, specializes in surgical and medical instruments and apparatus, and is known for its work on pathogen reduction technologies designed to enhance blood safety.
Investors often monitor insider transactions as they may provide insights into executives’ perspectives on the company’s future performance. However, transactions under a 10b5-1 plan are pre-scheduled and may not necessarily reflect the insider’s discretionary trading based on current market evaluations or the company’s performance.
For further details on the transactions, including specific prices and the number of shares sold at each price point, the SEC filing indicates that Moore is willing to provide full information upon request to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.
InvestingPro Insights
Amidst the recent insider stock sales by Cerus Corp’s (NASDAQ:CERS) Senior Vice President, Carol Moore, investors and potential shareholders might be seeking deeper financial insights into the company’s current market position. According to InvestingPro data, Cerus Corp has a market capitalization of $358.94 million and a high Price / Book multiple of 6.82 as of the last twelve months ending Q4 2023. This could indicate that the stock is trading at a premium compared to its book value.
Moreover, the company has been experiencing fluctuations in its stock price, with a 1-week total return of -12.39% and a 1-month total return of -17.15%. This aligns with an InvestingPro Tip that suggests the stock has taken a significant hit over the last month. Despite these short-term declines, the company’s liquid assets are reported to exceed short-term obligations, which could be a reassuring sign for investors concerned about the company’s immediate financial stability.
On the profitability front, analysts do not anticipate Cerus Corp to be profitable this year, and the company has not been profitable over the last twelve months. This is reflected in the negative P/E ratio of -9.40, adjusted to -10.2 for the same period. These financial metrics and InvestingPro Tips could be crucial for investors trying to gauge the company’s future earnings potential and current valuation.
For those looking to delve deeper into Cerus Corp’s financial health and stock performance, InvestingPro offers additional tips and metrics. To explore these insights and make more informed investment decisions, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 7 additional InvestingPro Tips available for Cerus Corp at https://www.biedexmarkets.com/pro/CERS, which could provide a more comprehensive understanding of the company’s financial landscape.
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