On November 1, 2024, Thomas Beaudoin, Director at Cerence Inc (CRNC, Financial), executed a sale of 5,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 201,054 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 new and innovative ways.
Over the past year, Thomas Beaudoin has sold a total of 67,052 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 23 insider sells and no insider buys over the past year.
Shares of Cerence Inc were trading at $3.11 on the day of the sale, positioning the company with a market cap of $127.921 million. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are derived from historical trading multiples and adjusted by GuruFocus based on the company's past performance and expected future business outcomes.
The GF Value of Cerence Inc is estimated at $22.91, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.14. This valuation indicates that the stock might be a possible value trap, and potential investors should think twice before making an investment decision.
This insider selling activity and the current valuation metrics provide important data points for investors monitoring Cerence Inc's stock performance and insider behaviors.
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.
