Finance

Are Cerus Corporation (CERS)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Cerus Corporation (NASDAQ:CERS) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how CERS might perform in the future.

Institutions own 59.49% of Cerus Corporation (CERS)’s shares. The total value of these holdings, in millions, is $196. Among active positions in the latest quarter, 54 holders increased their positions by a total of 5.84 million shares, 48 holders decreased the positions by a total of 10.12 million shares, and 31 holders held their positions. This works out to a net decrease in ownership of 4.28 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 15 holders initiated new positions by a total of 961646 shares and 16 holders exited their positions by a total of 923492 shares. This nets out to an increase of 38154 shares and is a bullish sign for CERS.

In the last three months, insiders executed a total of 2 trades. 2 of these were buys. Insider ownership increased by a total of 92796 shares, which suggests that CERS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 2 buys and 5 sells, and ownership increased by a net of 75842 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Cerus Corporation (NASDAQ:CERS)’s short interest is 8.5 million shares, or 9.59% of the float. This represents a decrease of -20% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CERS is a Strong buy, which implies that CERS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Cerus Corporation (NASDAQ:CERS) is undervalued.

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