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Cerillion ( (GB:CER) ) has provided an announcement.
Cerillion has disclosed that four senior managers have exercised options over 22,500 ordinary shares under its Long Term Incentive Plan, with a portion of these shares subsequently sold on the London Stock Exchange at prices between £14.40 and £14.60. The shares used to satisfy the option exercises were drawn from treasury, and the company has since repurchased 15,682 shares at an average price of £14.78 to replenish treasury stock for future employee option schemes, leaving 31,266 shares held in treasury and 29,515,292 voting shares in issue, a figure that will guide investors’ regulatory disclosure calculations.
The most recent analyst rating on (GB:CER) stock is a Hold with a £1389.00 price target. To see the full list of analyst forecasts on Cerillion stock, see the GB:CER Stock Forecast page.
Spark’s Take on GB:CER Stock
According to Spark, TipRanks’ AI Analyst, GB:CER is a Neutral.
Cerillion’s strong financial performance is the most significant factor, reflecting robust revenue growth, high profitability, and efficient cash management. However, technical analysis indicates bearish momentum, which negatively impacts the overall score. The valuation is fair, but not compelling enough to offset the technical weaknesses.
To see Spark’s full report on GB:CER stock, click here.
More about Cerillion
Cerillion plc is a London-headquartered provider of mission-critical billing, charging and customer relationship management software, serving mainly the telecommunications sector and also utilities and financial services. The company, which was spun out of Logica via a management buyout in 1999 and listed on AIM in 2016, supports around 70 customer installations across approximately 45 countries, with additional operations in India and Bulgaria and a sales presence across Continental Europe, the US, Singapore and Australia.
Average Trading Volume: 94,705
Technical Sentiment Signal: Buy
Current Market Cap: £430.7M
For a thorough assessment of CER stock, go to TipRanks’ Stock Analysis page.