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Benjamin Richard J, Chief Medical (TASE:BLWV) Officer of Cerus Corp (NASDAQ:CERS), recently sold shares of the company worth $39,156. The sale, executed on March 7, involved 26,139 shares at prices ranging from $1.445 to $1.54 per share. The transaction occurred as the stock trades near its 52-week low of $1.38, with current market capitalization at $274 million. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report. This transaction was conducted as part of a pre-established trading plan to cover tax obligations related to vested restricted stock units.
In addition to the sale, Benjamin acquired 366,565 restricted stock units (RSUs) on March 6. These RSUs were granted under Cerus Corp’s 2024 Equity Incentive Plan, with a portion of them fully vested upon grant. Following these transactions, Benjamin holds 734,799 shares of Cerus Corp directly.
In other recent news, Cerus Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations. The company achieved an earnings per share of -$0.01, better than the forecasted -$0.02, and generated revenue of $56.75 million, exceeding the anticipated $53.76 million. Cerus also reported a 9% year-over-year growth in product revenue for the quarter and a 15% increase for the full year, highlighting its successful execution of strategic initiatives. Additionally, the company achieved positive adjusted EBITDA of $5.7 million for the year. In regulatory developments, Cerus received CE Mark approval for its INT 200 LED Illuminator, allowing the product to be marketed across the European Union. This approval is expected to enhance Cerus’s market reach and product offerings. On the analyst front, Cantor Fitzgerald maintained an Overweight rating on Cerus with a price target of $4.00, reflecting a positive outlook on the company’s stock performance. These recent developments indicate Cerus’s continued focus on expanding its global footprint and delivering innovative solutions.
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