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On April 7, Mirza Mansoor Raza, a director at Sera Prognostics , Inc. (NASDAQ:SERA), sold 107 shares of Class A common stock at an average price of $3.35 per share, totaling $358. The transaction comes as SERA's stock trades near $3.39, down over 58% year-to-date. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt. This transaction was conducted to cover tax withholding obligations related to the vesting of restricted stock units, as mandated by the company's policy. Following this transaction, Raza holds 43,778 shares directly in the $126 million market cap company. For deeper insights into SERA's financial health and valuation metrics, check out the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Sera Prognostics reported its fourth-quarter 2024 earnings, noting a decline in net revenue to $24,000 from $41,000 in the same period the previous year. The company's earnings per share (EPS) were -$0.25, slightly missing the analyst forecast of -$0.24. Despite these financial challenges, the company's stock experienced a positive after-hours trading movement. Sera Prognostics is focusing on strategic initiatives, including the launch of new products and expansion of its commercial infrastructure. Analysts from TD Cowen and William Blair have shown interest in the company's plans for Medicaid partnerships and commercial expansion. The company remains optimistic about its future, with a cash runway projected into 2028, following a recent successful fundraise. Sera Prognostics is also preparing for the launch of its Time to Birth and predictive analytics products in the second half of 2025. These developments reflect the company's ongoing efforts to enhance its market presence and product offerings.
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