Christopher Koeppen, Chief Innovation Officer at Coherent Corp. (NASDAQ:NYSE:COHR), recently executed a series of stock transactions, according to a recent SEC filing. On November 14, Koeppen sold a total of 4,176 shares of Coherent common stock at an average price of $103.18 per share. This was followed by additional sales on November 15, totaling 2,000 shares at prices ranging from $92.865 to $98.03. The combined sales amounted to approximately $620,651.
Earlier, on the same day as the initial sale, Koeppen exercised options to acquire 3,120 shares at prices of $35.25 and $49.90, adding $130,197 worth of stock to his holdings. Following these transactions, Koeppen holds 63,092 shares directly. The sales were conducted under a pre-established Rule 10b5-1 trading plan.
In other recent news, Coherent Corp. reported its first-quarter results for fiscal year 2025 and shared its projections for the second quarter. The earnings call, led by CEO Jim Anderson and CFO Sherri Luther, provided an in-depth review of the company's performance and future outlook. While no specific financial misses were mentioned, the company acknowledged potential risks that could cause actual results to differ from projections.
In tandem with these developments, Coherent Corp. also announced the approval of an amended incentive plan and the election of directors at its recent Annual Meeting of Shareholders. The amendment, which primarily involves the addition of extra shares available for awards, received shareholder approval. The shareholders also endorsed the executive compensation for named executive officers for the fiscal year 2024.
Additionally, Citi has updated its outlook on Coherent, rating it as a Buy with a new price target of $136.00. This adjustment reflects a positive view of Coherent's future financial performance, driven by its artificial intelligence sales and the new management's strategy to enhance margins and reduce debt. Citi anticipates that Coherent will evolve into a company with over 40% non-GAAP gross margin and an earnings power exceeding $5.00 per share by the fiscal year ending in June 2026.
InvestingPro Insights
To provide additional context to Christopher Koeppen's recent stock transactions, let's examine some key financial metrics and insights from InvestingPro for Coherent Corp. (NASDAQ:COHR).
According to InvestingPro data, Coherent's market capitalization stands at $14.71 billion USD. The company's revenue for the last twelve months as of Q1 2025 was $5.00 billion USD, with a revenue growth of 2.75% over the same period. This growth, while modest, indicates the company is expanding its business operations.
An InvestingPro Tip highlights that 6 analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook for the company's near-term financial performance. This could be a factor influencing insider trading decisions, including Koeppen's recent transactions.
Another relevant InvestingPro Tip notes that Coherent's stock price movements are quite volatile. This volatility is evident in the recent price action, with the stock experiencing a 24.12% total return over the past three months, but also a 9.13% decline in the past week. Such fluctuations may present both opportunities and risks for insiders managing their equity positions.
It's worth noting that Coherent's P/E ratio stands at 56.98, which could be considered high by some investors. However, this should be viewed in the context of the company's growth prospects and industry comparisons.
For readers interested in a more comprehensive analysis, InvestingPro offers 14 additional tips for Coherent Corp., providing a deeper understanding of the company's financial health and market position.
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