Yahoo Finance Insider Sale: Director Michael Dreyer Sells 14,239 Shares of Coherent Corp (COHR)
On June 5, 2024, Michael Dreyer, Director at Coherent Corp (NYSE:COHR), executed a sale of 14,239 shares of the company at a price of $66.61 per share. This transaction was documented in an SEC Filing. Following this transaction, the insider now owns 18,552 shares of Coherent Corp.
Coherent Corp is a global company that designs, manufactures, and services laser systems and components. These products are used in a broad range of applications, including materials processing, communications, entertainment, medicine, and scientific research.
Over the past year, the insider transaction history at Coherent Corp shows a trend with 1 insider buy and 38 insider sells. Michael Dreyer has sold a total of 14,239 shares and purchased 0 shares during this period.
As of the latest sale date, Coherent Corp's shares were trading at $66.61, giving the company a market cap of $10.067 billion. The stock is currently assessed as Modestly Overvalued with a price-to-GF Value ratio of 1.28, based on a GF Value of $52.13.
The GF Value is calculated considering historical 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 past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider at Coherent Corp provides investors with a snapshot of the company's recent stock transactions and valuation metrics, reflecting the ongoing financial activities within the company.
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.
This article first appeared on GuruFocus.
