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Carol Moore, Senior Vice President, Regulatory and Quality Ceras Inc. (NASDAQ:) recently sold a total of $41,552 worth of company stock, according to its latest SEC filings. The deal took place in a series of transactions, with prices ranging from $1.9744 to $2.057 per share.
The sale took place on March 13, 2024, with Mr. Moore disposing of 10,203 shares at an average price of $2.057 and an additional 10,416 shares at an average price of $1.9744. This sale was effected pursuant to a prearranged 10b5-1 transaction plan. This allows company insiders to legally set a predetermined schedule to sell their shares. This is a tool often used by corporate executives to avoid accusations of insider trading.
In particular, this sale was made to cover statutory withholding obligations and corresponding brokerage fees associated with the vesting of certain restricted stock units. These transactions do not represent voluntary sales and are common practice among executives who receive stock as part of their compensation.
The SEC filing also mentions the transaction code “M,” which typically refers to option exercises and conversions of derivative securities such as restricted stock units. However, in this case, the total transaction amount for “M” was $0, indicating that there was no actual exercise of options or conversions that affected the total amount of stock owned by Moore.
Following the sale, Carol Moore's ownership in Seras Corp. will total 490,623 common shares, confirming her continued investment in the company. Concord, Calif.-based Cerus Corp. specializes in surgical and medical instruments and devices and is known for its research in pathogen reduction technologies designed to improve blood safety.
Investors often monitor insider transactions because they can glean management's view of a company's future performance. However, trades under 10b5-1 plans are pre-scheduled and do not necessarily reflect insider discretionary trading based on current market valuations or company performance.
For transaction details, including specific prices and the number of shares sold at each price point, Mr. Moore will provide complete information upon request to the issuer, issuer's security holders, or issuer's staff. SEC filings indicate that the company is prepared to do so. Securities and Exchange Commission.
Investment Pro Insights
Amid recent insider stock sales by Carol Moore, Senior Vice President of Ceras Corporation (NASDAQ:CERS), investors and potential shareholders are looking for deeper financial insight into the company's current market position. you may be looking for. As of the trailing twelve months ending in Q4 2023, Cerus Corp has a market capitalization of $358.94 million and a high price-to-book multiple of 6.82, according to data from InvestingPro. This could indicate that the stock is trading at a premium compared to its book value.
In addition, the company's stock price has fluctuated wildly, with a weekly total return of -12.39% and a monthly total return of -17.15%. This is consistent with a tip from InvestingPro that suggests the stock has taken a big hit in the last month. Despite this short-term decline, the company's current assets are reportedly higher than its short-term debt, which could be an encouraging sign for investors concerned about the company's near-term financial stability. .
In terms of profitability, analysts do not expect Ceras Corporation to turn a profit this year, and the company has not been profitable over the past 12 months. This is reflected in a negative P/E ratio of -9.40, which is -10.2 adjusted for the same period. These financial metrics and his InvestingPro tips can be important to investors looking to evaluate a company's future earnings potential and current valuation.
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