Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: CEO Stefan Ortmanns Sells 10,762 Shares of Cerence Inc (CRNC)
Cerence Inc (NASDAQ:CRNC), a company specializing in creating unique, moving experiences for the automotive world through voice, touch, gesture, emotion, and gaze innovations, has reported an insider sell according to a recent SEC filing. CEO Stefan Ortmanns sold 10,762 shares of the company on April 22, 2024.Stefan Ortmanns has been active in the market over the past year, selling a total of 113,751 shares and making no purchases of the company's stock. This latest transaction continues the trend observed in the insider transaction history for Cerence Inc, which has seen 12 insider sells and no insider buys over the past year.
On the day of the insider's recent sell, shares of Cerence Inc were trading at $10.04, giving the company a market cap of $406.747 million. The stock's price-to-GF-Value ratio stands at 0.38, with a GuruFocus Value of $26.62, indicating that the stock is currently categorized as a Possible Value Trap, Think Twice based on its GF Value.