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Cerus Corp (NASDAQ:CERS) Chief Financial Officer Kevin Green recently sold shares worth $46,659, according to a recent SEC filing. The sale, which took place on March 7, 2025, involved 31,148 shares at a weighted average price of $1.498 per share. These shares were sold as part of a pre-planned transaction to cover tax obligations related to the vesting of restricted stock units (RSUs). The transaction occurs as Cerus Corp, currently valued at $274 million, trades near its 52-week low of $1.38. InvestingPro analysis shows the stock has experienced significant volatility, with a 35% decline over the past year.
In addition to the sale, Green acquired a total of 473,040 RSUs on March 6, 2025. This acquisition was part of Cerus Corp’s 2024 Equity Incentive Plan. The RSUs included 392,500 shares that are set to vest in two installments in 2026 and 2027, and 80,540 shares that were fully vested upon grant. Following these transactions, Green holds 935,754 shares of Cerus Corp stock. Despite recent price weakness, the company maintains strong liquidity with a current ratio of 2.39 and has achieved 15% revenue growth in the last twelve months. For deeper insights into Cerus Corp’s valuation and financial health, including exclusive ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Cerus Corporation reported strong financial results for the fourth quarter of 2024, surpassing earnings expectations. The company achieved an earnings per share of -$0.01, better than the anticipated -$0.02, and reported revenue of $56.75 million, exceeding the projected $53.76 million. Cerus also noted a 9% year-over-year increase in product revenue for the fourth quarter, reaching $50.8 million, and a 15% increase for the full year, totaling $180.3 million. Additionally, Cerus received CE Mark approval for its INT 200 LED Illuminator, allowing the company to market the device in the European Union and other regions recognizing the CE Mark. This regulatory clearance is expected to expand Cerus’s market reach in those areas. Cantor Fitzgerald maintained an Overweight rating on Cerus stock with a $4.00 price target, reflecting a positive outlook on the company’s performance. The Overweight rating indicates that the firm expects the stock to outperform the average return of stocks it covers. Cerus plans to pursue further regulatory approvals for the INT 200, aiming to enhance its global footprint and product offerings.
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