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Weekly CEO Sells Highlight: Level 3 Communications Inc, CommVault Systems Inc, International Paper Company, Majesco Entertainment Company

August 29, 2010 | About:
Saj Karsan

guruat

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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Level 3 Communications Inc, CommVault Systems Inc, International Paper Company, Majesco Entertainment Company

Level 3 Communications Inc. (LVLT): CEO James Q Crowe sold 2,000,000 Shares

CEO of Level 3 Communications Inc. (LVLT) James Q Crowe sold 2,000,000 shares on 08/25/2010 at an average price of $1.05. Level 3 Communications is a communications and information services company. Level 3 Communications Inc. has a market cap of $1.71 billion; its shares were traded at around $1.03 with and P/S ratio of 0.5.

On July 27, Level 3 Communications, Inc. reported solid second quarter 2010 results. The Company reported a revenue of $908 million.

CEO James Q Crowe sold 2,127,600 shares of LVLT stock in April, July, and August. Executive VP and CFO Sunit S Patel sold 85,700 shares of LVLT stock in April and July. Director Douglas C Eby bought 25,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Michael J Mahoney bought 100,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Arun Netravali bought 100,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director John T Reed bought 50,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Walter Scott Jr bought 1,575,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05.

CommVault Systems Inc. (CVLT): Chairman, President & CEO N Robert Hammer sold 200,000 Shares

Chairman, President & CEO of CommVault Systems Inc. (CVLT) N Robert Hammer sold 200,000 shares on 08/24/2010 at an average price of $24. CommVault provides Unified Data Management solutions for data protection, universal availability and simplified management of data on complex storage networks. Commvault Systems Inc. has a market cap of $1.1 billion; its shares were traded at around $25.5 with a P/E ratio of 57.9 and P/S ratio of 4.1.

On August 3, CommVault announced its final financial results for the first quarter ended June 30, 2010. The Company announced a revenue of $66.3 million.

Chairman, President & CEO N Robert Hammer sold 400,000 shares of CVLT stock in May and August. VP, Mkt & Bus. Development David R West sold 5,441 shares of CVLT stock on 08/23/2010 at the average price of 23.88. VP Finance and CAO Brian Carolan sold 26,001 shares of CVLT stock in May, June, and August.

International Paper Company (IP): Chairman and CEO John V Faraci sold 85,000 Shares

Chairman and CEO of International Paper Company (IP) John V Faraci sold 85,000 shares on 08/20/2010 at an average price of $21.14. International Paper Co. is a paper and forest products company that is complemented by an extensive distribution system. International Paper Company has a market cap of $8.9 billion; its shares were traded at around $20.38 with a P/E ratio of 19.1 and P/S ratio of 0.4. The dividend yield of International Paper Company stocks is 2.5%. International Paper Company had an annual average earning growth of 1% over the past 10 years.

July 28, International Paper reported preliminary second-quarter 2010. The Company reported a revenue of $6.1 billion.

Chairman and CEO John V Faraci sold 315,000 shares of IP stock in June, July, and August. SVP, General Counsel & Sec'y Maura A Smith sold 25,000 shares of IP stock in May and June. Senior Vice President Thomas G Kadien and Senior Vice President Maximo Pacheco together sold 43,079 shares of IP stock in May and June.

Majesco Entertainment Company (COOL): CEO Jesse Sutton sold 73,600 Shares

CEO of Majesco Entertainment Company (COOL) Jesse Sutton sold 73,600 shares on 08/19/2010 at an average price of $0.62. Majesco Entertainment Company is a provider of digital entertainment products and content. Majesco Entertainment Company has a market cap of $21.2 million; its shares were traded at around $0.5475 with and P/S ratio of 0.2.

On June 14, Majesco Entertainment Company reported financial results for the second quarter and six months ended April 30, 2010. The Company reported a revenue of $10.9 million.

CEO Jesse Sutton sold 173,600 shares of COOL stock in April and August.CFO John Gross sold 46,990 shares of COOL stock on 08/03/2010 at the average price of 0.64. Director Louis Lipschitz, Director Keith Mccurdy, and Director Laurence Aronson together sold 12,464 shares of COOL stock on 08/04/2010.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.

About the author:

guruat
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 3.3/5 (3 votes)

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