Chairman & CEO, 10% Owner of Virtusa Corp. (VRTU) Kris A Canekeratne sells 50,000 shares of VRTU on 03/11/2011 at an average price of $16.68 a share.

Virtusa Corp. has a market cap of $409.5 million; its shares were traded at around $16.69 with a P/E ratio of 27.8 and P/S ratio of 2.5.

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

CEO Recent Trades:

• Sell: Chairman & CEO, 10% Owner Kris A Canekeratne sold 176,000 shares of VRTU stock on 11/01/2010 at the average price of 12.78. Kris A Canekeratne owns at least 1,964,408 shares after this. The price of the stock has increased by 30.59% since.

CFO Recent Trades:

• Sell: SVP & CFO Ranjan Kalia sold 2,027 shares of VRTU stock on 02/03/2011 at the average price of 17.34. Ranjan Kalia owns at least 51,064 shares after this. The price of the stock has decreased by 3.75% since.

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

Directors and Officers Recent Trades:

• Sell: Director Rowland T Moriarty sold 20,000 shares of VRTU stock on 03/04/2011 at the average price of 16.84. Rowland T Moriarty owns at least 491,859 shares after this. The price of the stock has decreased by 0.89% since.
• Sell: EVP, Bus Dev & Client Services Raj Rajgopal sold 1,500 shares of VRTU stock on 03/01/2011 at the average price of 16.75. Raj Rajgopal owns at least 71,451 shares after this. The price of the stock has decreased by 0.36% since.
• Sell: Director Rowland T Moriarty sold 6,800 shares of VRTU stock on 02/17/2011 at the average price of 16.8. Rowland T Moriarty owns at least 511,859 shares after this. The price of the stock has decreased by 0.65% since.
• Sell: Director Rowland T Moriarty sold 24,800 shares of VRTU stock on 02/16/2011 at the average price of 16.8. Rowland T Moriarty owns at least 518,659 shares after this. The price of the stock has decreased by 0.65% since.
• Sell: EVP, Bus Dev & Client Services Raj Rajgopal sold 1,500 shares of VRTU stock on 02/15/2011 at the average price of 16.45. Raj Rajgopal owns at least 71,451 shares after this. The price of the stock has increased by 1.46% since.

For the complete insider trading history of VRTU, click here.

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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