Today it was reported that the CMO of Cerus Corp (NASDAQ: CERS), Richard Benjamin, exercised options to sell 35,416 CERS shares at $4.33 a share, for a total transaction value of $255K.
Following Richard Benjamin’s last CERS Sell transaction on May 14, 2018, the stock climbed by 0.6%. In addition to Richard Benjamin, one other CERS executive reported Sell trades in the last month.
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Based on Cerus Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $19.47 million and GAAP net loss of $13.28 million. In comparison, last year the company earned revenue of $11.19 million and had a GAAP net loss of $17.08 million. Currently, Cerus Corp has an average volume of 752.2K. The Company has a Price to Book ratio of 10.2236.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $9.17, reflecting a -24.6% downside.
In the last 30 days, insiders have sold $255K worth of CERS shares and purchased $146.7K worth of CERS shares. The insider sentiment on Cerus Corp has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cerus Corp. engages in the research, development, and manufacture of biomedical and surgical products. It produces blood system for platelets and plasma. It markets its products under the INTERCEPT brand. The company was founded by Laurence M. Corash and John E. Hearst on September 19, 1991 and is headquartered in Concord, CA.
