On November 22, 2024, James Anderson, CEO & President of Coherent Corp, purchased 500 shares of Coherent Corp (COHR, Financial). Following this transaction, the insider now owns a total of 148,714 shares of the company. The transaction details can be found in the SEC Filing.
Coherent Corp is a global leader in the design and manufacturing of lasers and laser-based technology for scientific, commercial, and industrial customers. The company provides a wide range of products and services that enable advanced applications in various fields.
The insider's recent purchase is part of a broader trend over the past year, where James Anderson has acquired a total of 1,500 shares and has not sold any shares. In contrast, the overall insider transaction history for Coherent Corp shows 3 insider buys and 33 insider sells over the same period.
On the day of the purchase, Coherent Corp's shares were trading at $103.98, giving the company a market cap of $15.698 billion. The stock's GF Value was estimated at $56.94, resulting in a price-to-GF-Value ratio of 1.83, indicating that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
