On November 13, 2024, Director Elizabeth Patrick sold 5,542 shares of Coherent Corp (COHR, Financial) as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,831 shares of the company.
Coherent Corp specializes in lasers and laser-based technology for scientific, commercial, and industrial customers. The company's products are used in a wide range of applications, including optical communications, materials processing, OEM components, and instrumentation.
Over the past year, Elizabeth Patrick has sold a total of 5,542 shares and has not purchased any shares. This recent transaction reflects a continuation of the insider's selling trend.
The insider transaction history for Coherent Corp shows a pattern of more insider selling than buying over the past year, with 32 insider sells and only 2 insider buys.
Shares of Coherent Corp were trading at $104.64 on the day of the transaction. The company has a market cap of $15.47 billion.
According to the GF Value, the intrinsic value of Coherent Corp is estimated at $57.36 per share, making the stock Significantly Overvalued with a price-to-GF-Value ratio of 1.82. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This sale could be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
