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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cerence Inc.    CRNC

CERENCE INC.

(CRNC)
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Cerence : Statement of changes in beneficial ownership of securities

11/09/2020 | 04:57pm EST

SEC Form 4

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OMB Number:

3235-0287

Estimated average burden

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

hours per response:

0.5

or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

Ortmanns Stefan

Cerence Inc.[ CRNC ]

(Check all applicable)

10% Owner

Director

X

Officer (give title

Other (specify

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (Month/Day/Year)

below)

below)

11/06/2020

Executive Vice President

15 WAYSIDE ROAD

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable

(Street)

Line)

BURLINGTON MA

01803

X Form filed by One Reporting Person

Form filed by More than One Reporting

(City)

(State)

(Zip)

Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction

2A. Deemed

3.

4. Securities Acquired (A) or

5. Amount of

6. Ownership

7. Nature

Date

Execution Date,

Transaction

Disposed Of (D) (Instr. 3, 4 and

Securities

Form: Direct

of Indirect

(Month/Day/Year)

if any

Code (Instr.

5)

Beneficially

(D) or Indirect

Beneficial

(Month/Day/Year)

8)

Owned Following

(I) (Instr. 4)

Ownership

Reported

(Instr. 4)

Code

V

Amount

(A) or

Price

Transaction(s)

(D)

(Instr. 3 and 4)

Common Stock

11/06/2020

F

28,595(1)

D

$63.82

211,963

D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Transaction

3A. Deemed

4.

5. Number

6. Date Exercisable and

7. Title and

8. Price of

9. Number of

10.

11. Nature

Derivative

Conversion

Date

Execution Date,

Transaction

of

Expiration Date

Amount of

Derivative

derivative

Ownership

of Indirect

Security

or Exercise

(Month/Day/Year)

if any

Code (Instr.

Derivative

(Month/Day/Year)

Securities

Security

Securities

Form:

Beneficial

(Instr. 3)

Price of

(Month/Day/Year)

8)

Securities

Underlying

(Instr. 5)

Beneficially

Direct (D)

Ownership

Derivative

Acquired

Derivative

Owned

or Indirect

(Instr. 4)

Security

(A) or

Security (Instr.

Following

(I) (Instr. 4)

Disposed

3 and 4)

Reported

of (D)

Transaction(s)

(Instr. 3, 4

(Instr. 4)

and 5)

Amount

or

Date

Expiration

Number

Code

V

(A)

(D)

Title

of

Exercisable

Date

Shares

Explanation of Responses:

1. These shares were withheld by the company to cover the tax liability due upon the vest of the restricted stock award.

/s/ Leanne Fitzgerald attorney- 11/09/2020 in-fact

** Signature of Reporting Person

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

  • Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
    Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cerence Inc. published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 21:56:01 UTC


© Publicnow 2020
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Financials (USD)
Sales 2021 377 M - -
Net income 2021 26,1 M - -
Net Debt 2021 94,4 M - -
P/E ratio 2021 192x
Yield 2021 -
Capitalization 4 573 M 4 573 M -
EV / Sales 2021 12,4x
EV / Sales 2022 10,6x
Nbr of Employees 1 500
Free-Float 99,4%
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Technical analysis trends CERENCE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 106,70 $
Last Close Price 121,35 $
Spread / Highest target 7,13%
Spread / Average Target -12,1%
Spread / Lowest Target -34,1%
EPS Revisions
Managers and Directors
NameTitle
Sanjay Dhawan Chief Executive Officer & Director
Arun Sarin Chairman
Mark J. Gallenberger Chief Financial Officer & Executive Vice President
Prateek Kathpal Chief Technology Officer
Bridget Collins Chief Information Officer
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