Coherent Corp (NYSE:COHR), a company specializing in lasers, laser-based technologies, and laser-based system solutions in a wide range of commercial, industrial, and scientific applications, has reported an insider sale according to a recent SEC filing. CEO MATTERA VINCENT D JR sold 5,000 shares of the company on March 15, 2024.
SEC Filing indicates that the transaction was executed at an average price, resulting in a total value of the sold shares. This insider sale is one of several transactions conducted by MATTERA VINCENT D JR over the past year, with the insider having sold a total of 66,000 shares and having made no purchases of the stock during this period.
The insider transaction history for Coherent Corp shows a pattern of insider selling, with 26 insider sells and only 1 insider buy over the past year.
On the valuation front, Coherent Corp shares were trading at $58.91 on the day of the insider's recent sale, giving the company a market cap of $8.920 billion. The stock's price-to-GF-Value ratio stands at 1.01, indicating that Coherent Corp is Fairly Valued based on its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. However, it is important to consider that insider selling can occur for various reasons and may not necessarily indicate a bearish stance on the company's future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
