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Weekly CFO Sells Highlight: TTEK, AME, TIVO, TIBX, SCMR

July 03, 2011 | About:

According to GuruFocus Insider Data, the largest CFO sells during the past week were: Tetra Tech Inc, Ametek Inc., TiVO Inc., TIBCO Software Inc., C.R. Bard Inc., and Sycamore Networks Inc.

Tetra Tech Inc. (NASDAQ:TTEK): Former CFO David W. King Sold 81,250 Shares

Former CFO of Tetra Tech Inc. (NASDAQ:TTEK) David W. King sold 81,250 shares on 06/28/2011 at an average price of $22.52. Tetra Tech Inc. provides comprehensive environmental engineering and consulting services addressing complex water contamination and other environmental problems. Tetra Tech Inc. has a market cap of $1.43 billion; its shares were traded at around $22.96 with a P/E ratio of 17.53 and P/S ratio of 0.65.

Tetra Tech Inc. has released its second quarter 2011 results. For this quarter, the company reported revenues of $469.5 million compared to $522.3 million prior year quarter. Net income for the quarter was $14.3 million compared to $19.2 million last year.

Sell:Former CFO David W. King sold 81,250 shares of TTEK stock on 06/28/2011 at the average price of 22.52. David W. King owns at least 6,330 shares after this. The price of the stock has increased by 1.95% since.

Ametek Inc. (NYSE:AME): Executive VP & CFO John J. Molinelli Sold 55,530 Shares

Executive VP & CFO of Ametek Inc. (NYSE:AME) John J. Molinelli sold 55,530 shares on 06/30/2011 at an average price of $44.9. Ametek is a global manufacturer of electric motors and electronic instruments. Ametek Inc. has a market cap of $7.34 billion; its shares were traded at around $45.63 with a P/E ratio of 23.08 and P/S ratio of 2.97. The dividend yield of Ametek Inc. stocks is 0.53%. Ametek Inc. had an annual average earnings growth of 41.6% over the past 10 years. GuruFocus rated Ametek Inc. the business predictability rank of 5-star.

Sell: Chairman of the Board & CEO Frank S. Hermance sold 126,190 shares of AME stock on 07/01/2011 at the average price of 45.35. Executive VP & CFO John J. Molinelli sold 55,530 shares of AME stock on 06/30/2011 at the average price of 44.9. John J. Molinelli owns at least 78,511 shares after this. The price of the stock has increased by 1.63% since. Other insiders have sold shares of AME stock during the past week as well.

TiVo Inc. (NASDAQ:TIVO): VP & CFO Anna Brunelle Sold 43,595 Shares

VP & CFO of TiVo Inc. (NASDAQ:TIVO) Anna Brunelle sold 43,595 shares on 06/30/2011 at an average price of $10.23. TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder. TiVo Inc. has a market cap of $1.29 billion; its shares were traded at around $10.83 with and P/S ratio of 5.88.

During its first quarter 2012, TiVo Inc. reported net income of $139.0 million compared to a net loss of $14.2 million prior year quarter. Adjusted EBITDA was $149.4 million compared to a net loss of $25 million last year. The company also announced a half billion settlement with Dish Networks.

Sell: VP & CFO Anna Brunelle sold 43,595 shares of TIVO stock on 06/30/2011 at the average price of 10.23. Anna Brunelle owns at least 147,492 shares after this. The price of the stock has increased by 5.87% since. Sr. VP Human Resources Nancy Kato, SVP Products & Revenue Jeffrey L. Klugman, and SVP & General Counsel Matthew Zinn all sold shares of TIVO stock on 07/01/2011

TIBCO Software Inc. (NASDAQ:TIBX): EVP, CFO Sydney Carey Sold 41,790 Shares

EVP, CFO of TIBCO Software Inc. (NASDAQ:TIBX) Sydney Carey sold 41,790 shares on 06/29/2011 at an average price of $28.34. Tibco Software Inc. is a provider of software solutions that enable businesses to integrate internal operations, business partners and customer channels in real- time. Tibco Software Inc. has a market cap of $4.88 billion; its shares were traded at around $29.42 with a P/E ratio of 43.91 and P/S ratio of 6.47. Tibco Software Inc. had an annual average earnings growth of 18.4% over the past five years.

Sell: EVP, CFO Sydney Carey sold 41,790 shares of TIBX stock on 06/29/2011 at the average price of 28.34. Sydney Carey owns at least 105,597 shares after this. The price of the stock has increased by 3.81% since. EVP, COO Murray D. Rode sold 65,000 shares of TIBX stock on 06/30/2011 at the average price of 28.96.

Sycamore Networks Inc. (SCMR): CFO, VP Finance & Administration, Treas Paul F. Brauneis Sold 25,000 Shares

CFO, VP Finance & Administration, Treas of Sycamore Networks Inc. (SCMR) Paul F. Brauneis sold 25,000 shares on 06/28/2011 at an average price of $22.51. Sycamore Networks Inc. develop and market products that transport voice and data traffic over wavelengths of light. Sycamore Networks Inc. has a market cap of $622.98 million; its shares were traded at around $21.83 with and P/S ratio of 9.08. Sycamore Networks Inc. had an annual average earnings growth of 5.9% over the past five years.

During its third quarter 2011, Sycamore Networks Inc. reported revenues of $11.9 million compared to $14.6 million prior year quarter. Net loss for the third quarter was $4.1 million compared to $3.7 million last year.

Sell: CFO, VP Finance & Administration, Treasurer Paul F. Brauneis sold 25,000 shares of SCMR stock on 06/28/2011 at the average price of $22.51. The price of the stock has decreased by 3.02% since.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.
  • 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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