Insider Selling: Helene Simonet Sells 10,041 Shares of Coherent Stock (COHR)
Coherent (NASDAQ:COHR) CFO Helene Simonet unloaded 10,041 shares of the stock on the open market in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $60.25, for a total transaction of $604,970.25. Following the transaction, the chief financial officer now directly owns 23,131 shares in the company, valued at approximately $1,393,643. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Coherent (NASDAQ:COHR) traded up 0.89% on Tuesday, hitting $61.33. The stock had a trading volume of 59,872 shares. Coherent has a 52 week low of $39.08 and a 52 week high of $63.09. The stock’s 50-day moving average is $57.48 and its 200-day moving average is $57.00. The company has a market cap of $1.500 billion and a price-to-earnings ratio of 25.41.
Coherent (NASDAQ:COHR) last released its earnings data on Tuesday, July 30th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.08. The company had revenue of $213.70 million for the quarter, compared to the consensus estimate of $207.72 million. During the same quarter last year, the company posted $0.88 earnings per share. Coherent’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Coherent will post $3.38 EPS for the current fiscal year.
Coherent, Inc (NASDAQ:COHR) is a suppliers of photonics-based solutions in a range of commercial and scientific research applications.
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