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Kevin Green, the Chief Financial Officer of Cerus Corp (NASDAQ:CERS), recently executed a series of stock transactions, according to a recent SEC filing. On March 3 and 4, Green sold a total of 69,042 shares of Cerus common stock. These sales were conducted at prices ranging from $1.5485 to $1.5773 per share, amassing a total value of $108,658. According to InvestingPro data, Cerus, with a market capitalization of $300 million, is currently showing signs of being undervalued based on comprehensive Fair Value analysis.
The transactions were carried out as part of a predetermined trading plan, known as a Rule 10b5-1 plan, which allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own. This plan is designed to avoid any potential accusations of insider trading. Following these sales, Green holds 493,862 shares of Cerus stock. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.39, indicating solid short-term financial health.
In addition to the sales, Green acquired 18,550 shares through the vesting of restricted stock units on March 3. However, these acquisitions did not involve any cash transactions, as they were part of a performance-based award. For deeper insights into Cerus’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers this and 1,400+ other US stocks.
In other recent news, Cerus Corporation reported its fourth-quarter 2024 earnings, highlighting a notable improvement in financial performance. The company exceeded expectations with an earnings per share (EPS) of -$0.01, surpassing the forecasted -$0.02. Revenue also outpaced projections, reaching $56.75 million against an anticipated $53.76 million. The company’s product revenue for the fourth quarter grew by 9% year-over-year, totaling $50.8 million, and for the full year, product revenue rose by 15% to $180.3 million. Cerus achieved positive adjusted EBITDA of $5.7 million for 2024, marking a significant milestone. Despite the positive financial results, Cerus’s stock experienced a decline during regular trading hours following the earnings announcement. The company is planning to expand its presence in international markets, including EMEA, China, and Brazil. Looking ahead, Cerus projects an 8-11% year-over-year growth in product revenue for 2025, with expectations of generating $12-15 million in IFC revenue.
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