The VP & CAO of Cerner is Exercising Options

By Carrie Williams

Yesterday it was reported that the VP & CAO of Cerner (CERNResearch Report), Michael Battaglioli, exercised options to sell 10,000 CERN shares at $54.70 a share, for a total transaction value of $704.8K.

Following Michael Battaglioli’s last CERN Sell transaction on May 17, 2019, the stock climbed by 4.0%. In addition to Michael Battaglioli, 4 other CERN executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on Cerner’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.43 billion and quarterly net profit of $81.94 million. In comparison, last year the company earned revenue of $1.34 billion and had a net profit of $169 million. The company has a one-year high of $76.47 and a one-year low of $48.78. CERN’s market cap is $22.65B and the company has a P/E ratio of 46.32.

In the last 30 days, insiders have sold $8.3M worth of CERN shares and purchased $4.25M worth of CERN shares. The insider sentiment on Cerner has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.