CTO Julie Sheridan sold 2,792 shares of COHR at $291.42 on 2026-03-02 for $813.6K; retains 50.9K shares.
Julie Sheridan, Chief Technology Officer, sold 2,792 shares at $291.42, reducing her holdings by 5.2% to 50.9K shares. The sale occurred when the stock stood at $291.42, only 8.0% below its 52-week high of $298.91 and significantly elevated versus earlier support levels in the $50.58 range. Despite the substantial nominal value of the sale ($813.6K), the relatively small reduction in her remaining holdings (from 53.7K to 50.9K shares) and the absence of any pattern or scheduled plan information in the filing prevents attribution of strong conviction or concern. The company shows solid fundamentals with 23.4% annual revenue growth and $146.7M net income on $1.7B quarterly revenue, though the elevated 176.19 P/E ratio reflects current market sentiment rather than distress signals.