Ceribell CTO Raymond Woo sells $131,753 in company stock

Raymond Woo, the Chief Technology Officer at Ceribell, Inc. (NASDAQ:CBLL), sold 4,887 shares of the company's common stock for a total of $131,753 on November 2, 2026. The sale took place at a price of $26.96 per share, following a trading plan established on June 5, 2026. This transaction comes as Ceribell's stock price has increased by 122% over the past year, although a financial analysis suggests the company may be overvalued at current levels.

Before selling the shares, Woo had purchased 4,864 shares through stock options at $3.65 per share and an additional 23 shares at $4.70 per share, totaling $17,861. All transactions were conducted under a Rule 10b5-1 trading plan. Ceribell reported a 30% increase in third-quarter revenue for 2026, reaching $29.3 million, while facing a larger-than-expected loss of $0.55 per share, compared to the expected $0.34 loss.

BTIG reaffirmed its Buy rating on Ceribell, maintaining a price target of $30.00. The company's product revenue was $22.2 million, slightly surpassing the consensus estimate, while subscription revenue came in slightly below expectations at $7.1 million compared to $7.2 million.