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William Greenman, President and CEO of Cerus Corp (NASDAQ:CERS), recently sold a portion of his holdings in the company. On March 4, Greenman sold 23,023 shares of Cerus common stock, fetching a total of $35,651. The shares were sold at a weighted average price of $1.5485 per share, with individual transaction prices ranging between $1.49 and $1.59. The transaction comes as Cerus, currently valued at $300 million, shows strong revenue growth of 15% over the last twelve months, according to InvestingPro data.
These transactions were conducted under a pre-arranged trading plan designed to comply with Rule 10b5-1, which allows company insiders to set up a predetermined schedule for selling stocks. This sale was primarily intended to cover statutory tax withholding obligations and corresponding brokerage fees related to the vesting of certain restricted stock units. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report.
Following this transaction, Greenman retains direct ownership of 3,230,000 shares in Cerus Corp. The company maintains a healthy liquidity position with a current ratio of 2.39, though InvestingPro data shows the stock has experienced significant volatility, with a beta of 1.56 and a one-year price return of -33.47%.
In other recent news, Cerus Corporation reported its fourth-quarter 2024 earnings, revealing a stronger financial performance than anticipated. The company exceeded expectations with an earnings per share (EPS) of -$0.01, surpassing the forecasted -$0.02. Revenue also outperformed projections, reaching $56.75 million against an anticipated $53.76 million. Despite these positive results, Cerus’s stock experienced a decline, which analysts from various firms have noted. The company reported a 9% year-over-year increase in product revenue for the quarter, with full-year product revenue rising by 15% to $180.3 million.
Cerus achieved positive adjusted EBITDA for the full year 2024, highlighting its strategic initiatives and operational efficiency. The company is planning further expansion into international markets, including EMEA, China, and Brazil. Cerus has projected an 8-11% year-over-year growth in product revenue for 2025, with expectations of generating $12-15 million in IFC revenue. The company anticipates regulatory approval in China and potential market entry in Brazil later in the year. Analysts have noted that Cerus’s financial discipline and strategic growth initiatives position it for continued success in the coming year.
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