On October 1, 2024, Thomas Beaudoin, Director at Cerence Inc (CRNC, Financial), executed a sale of 5,000 shares of the company at a price of $3.13 per share. This transaction was documented in an SEC Filing. Following this sale, the insider now owns 217,457 shares of Cerence Inc.
Cerence Inc (CRNC, Financial) specializes in creating unique, moving experiences for the automotive world. Their technology powers voice recognition, AI, and data analytics to enable drivers and passengers to interact with their vehicles in more intuitive and advanced ways.
Over the past year, Thomas Beaudoin has sold a total of 63,444 shares and has not made any purchases. The broader insider transaction trend at Cerence Inc shows a total of 21 insider sales and no insider buys over the past year.
Shares of Cerence Inc were trading at $3.13 on the day of the sale, giving the company a market cap of $110.362 million. According to the GF Value, which is an intrinsic value estimate from GuruFocus, the stock has a GF Value of $23.56. This results in a price-to-GF-Value ratio of 0.13, suggesting that the stock is a Possible Value Trap, Think Twice.
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 by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This recent insider sale might provide current and potential investors with insights into the insider's perspective on the stock's valuation and future prospects.
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.
