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In a recent transaction disclosed by Cerus Corp (NASDAQ:CERS), Vivek Jayaraman, the company’s Chief Operating Officer, sold shares worth approximately $16,692. The sale, which took place on March 4, 2025, involved 10,780 shares at a weighted average price of $1.5485 per share. The stock, currently trading at $1.61, has shown significant volatility with a beta of 1.56, according to InvestingPro data.
The shares were sold as part of a pre-arranged trading plan intended to cover statutory tax withholding obligations and related brokerage fees associated with the vesting of restricted stock units. This transaction reduced Jayaraman’s direct holdings to 905,828 shares. The company maintains a healthy liquidity position with a current ratio of 2.39, while operating with a moderate debt level.
In a related move on March 3, Jayaraman acquired 23,850 shares of common stock through the vesting of restricted stock units, which did not involve any cash transaction. These shares were then part of the sale on the following day.
These activities are part of routine financial management by corporate officers and are often used to manage tax obligations and liquidity needs.
In other recent news, Cerus Corporation announced its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of -$0.01, compared to the forecasted -$0.02. The company’s revenue also exceeded projections, reaching $56.75 million against an anticipated $53.76 million. Cerus reported a 9% year-over-year increase in product revenue for the quarter, contributing to a 15% rise for the full year, totaling $180.3 million. Despite these positive financial results, Cerus’s stock experienced a decline during regular trading hours. The company achieved positive adjusted EBITDA of $5.7 million for the full year 2024, reflecting a significant improvement from the previous year. Cerus is planning to expand its presence in international markets, including potential entries into China and Brazil. The company also 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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