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K12 INC (LRN) CEO Ronald J Packard sells 18,000 Shares

January 07, 2011 | About:
insider

insider

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CEO of K12 INC (LRN) Ronald J Packard sells 18,000 shares of LRN on 01/07/2011 at an average price of $30 a share.

K12 Inc has a market cap of $954.2 million; its shares were traded at around $30.68 with a P/E ratio of 55.8 and P/S ratio of 2.5.

LRN is in the portfolios of RS Investment Management, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, Chuck Royce of Royce& Associates.

This is the annual revenues and earnings per share of LRN over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of LRN.


CEO Recent Trades:


  • Sell: CEO Ronald J Packard sold 8,000 shares of LRN stock on 12/22/2010 at the average price of 27.91. Ronald J Packard owns at least 151,923 shares after this. The price of the stock has increased by 9.92% since.

  • Sell: CEO Ronald J Packard sold 13,000 shares of LRN stock on 11/26/2010 at the average price of 25.36. Ronald J Packard owns at least 184,421 shares after this. The price of the stock has increased by 20.98% since.

  • Sell: CEO Ronald J Packard sold 13,000 shares of LRN stock on 11/10/2010 at the average price of 24.98. Ronald J Packard owns at least 184,421 shares after this. The price of the stock has increased by 22.82% since.

  • Sell: CEO Ronald J Packard sold 22,000 shares of LRN stock on 10/28/2010 at the average price of 27.99. Ronald J Packard owns at least 184,421 shares after this. The price of the stock has increased by 9.61% since.

  • Sell: CEO Ronald J Packard sold 22,000 shares of LRN stock on 10/13/2010 at the average price of 27.71. Ronald J Packard owns at least 184,421 shares after this. The price of the stock has increased by 10.72% since.



This is the insider trade history vs. stock price of LRN. For the complete insider trading history of LRN, click here.




Directors and Officers Recent Trades:


  • Sell: SVP, Product Development Maria A. Szalay sold 5,000 shares of LRN stock on 01/03/2011 at the average price of 29. Maria A. Szalay owns at least 9,034 shares after this. The price of the stock has increased by 5.79% since.

  • Sell: EVP of School Services George B Hughes Jr sold 2,451 shares of LRN stock on 01/03/2011 at the average price of 28.95. George B Hughes Jr owns at least 14,835 shares after this. The price of the stock has increased by 5.98% since.

  • Sell: General Counsel & Secretary Howard D. Polsky sold 6,254 shares of LRN stock on 12/31/2010 at the average price of 28.83. Howard D. Polsky owns at least 11,081 shares after this. The price of the stock has increased by 6.42% since.

  • Sell: SVP, Product Development Maria A. Szalay sold 4,000 shares of LRN stock on 12/29/2010 at the average price of 28.5. Maria A. Szalay owns at least 9,034 shares after this. The price of the stock has increased by 7.65% since.

  • Sell: EVP & Chief Marketing Officer Celia M Stokes sold 2,500 shares of LRN stock on 12/01/2010 at the average price of 25.9. Celia M Stokes owns at least 14,797 shares after this. The price of the stock has increased by 18.46% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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