Weekly CEO Sells Highlight: LoopNet Inc, Gilead Sciences Inc, Parametric Technology New and Southern Co.

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Sep 12, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: LoopNet Inc, Gilead Sciences Inc, Parametric Technology New and Southern Co.

LoopNet Inc. (LOOP, Financial): CEO Richard J Boyle Jr sold 217,749 Shares

CEO of LoopNet Inc. (LOOP) Richard J Boyle Jr sold 217,749 shares on 09/07/2011 at an average price of $17.48. LoopNet Inc is the online marketplace for commercial real estate in the United States, based on the number of monthly unique visitors to our marketplace. Loopnet Inc. has a market cap of $576.12 million; its shares were traded at around $17.26 with a P/E ratio of 71.92 and P/S ratio of 8.8.

LoopNet Inc. reported their 2011 second quarter results. The Company reported that they had revenues of $21.6 million and net income of $1.99 million.

CEO Richard J Boyle Jr sold 217,749 shares of LOOP stock on 09/07/2011 at the average price of 17.48. CFO and VP, Finance/Admin Brent Stumme sold 92,449 shares of LOOP stock on 09/07/2011 at the average price of 17.46. President and COO Thomas P Byrne, Chief Technology Officer & SVP Wayne B Warthen, SVP & Group General Manager Michael J. Handelsman, SVP, Sales and Service Bryan D. Smith and SVP - Product & Bus. Dev. Frederick G. Saint sold 237,168 shares of LOOP stock in May, June, and September.

Gilead Sciences Inc. (GILD, Financial): Chairman and CEO John C Martin sold 92,320 Shares

Chairman and CEO of Gilead Sciences Inc. (GILD) John C Martin sold 92,320 shares on 09/01/2011 at an average price of $40.07. Gilead Sciences, Inc. is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. Gilead Sciences Inc. has a market cap of $29.17 billion; its shares were traded at around $37.815 with a P/E ratio of 10.74 and P/S ratio of 3.95. Gilead Sciences Inc. had an annual average earnings growth of 31.4% over the past 5 years.

Gilead Sciences Inc. reported that their total revenues were $ 2.14 billion and net income was $746.2 million for their 2011 second quarter financial results.

Chairman and CEO John C Martin sold 461,600 shares of GILD stock from May to September. EVP, Corp & Med Affairs Gregg H Alton sold 44,000 shares of GILD stock in July, September and August. SVP, Human Resources Kristen Metza sold 5,000 shares of GILD stock on 07/07/2011 at the average price of 42.47.

Parametric Technology New (PMTC, Financial): President and CEO James E Heppelmann sold 90,000 Shares

President and CEO of Parametric Technology New (PMTC) James E Heppelmann sold 90,000 shares on 09/06/2011 at an average price of $16.28. Parametric Technology Corporation develops, markets and supports collaborative product commerce software solutions that help companies manage the product development process in order to better shape innovation and achieve sustained competitive advantage. Parametric Technology New has a market cap of $1.87 billion; its shares were traded at around $15.91 with a P/E ratio of 21.21 and P/S ratio of 1.85.

Parametric Technology New reported their third fiscal quarter results. They reported their revenue contribution from MKS Inc, which they acquired on May 31, 2011, was $6.7 million on a non-GAAP basis. GAAP revenue was $291.8 million.

President and CEO James E Heppelmann sold 210,000 shares of PMTC stock in May and September. Director Thomas F Bogan bought 5,000 shares of PMTC stock on 08/16/2011 at the average price of 17.71. Director Renato Zambonini bought 10,000 shares of PMTC stock on 08/16/2011 at the average price of 17.95. Director Michael E Porter, Director Donald K Grierson, and EVP, Chief Marketing Officer Robert C Gremley sold 91,083 shares of PMTC stock in September.

Southern Co. (SO, Financial): President & CEO, GPC William P Bowers sold 81,883 Shares

President & CEO, GPC of Southern Co. (SO) William P Bowers sold 81,883 shares on 09/07/2011 at an average price of $41.28. Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range ofenergy-related services to utilities and industrial companies in selectedcountries around the world. Southern Co. has a market cap of $34.94 billion; its shares were traded at around $40.74 with a P/E ratio of 17.19 and P/S ratio of 2. The dividend yield of Southern Co. stocks is 4.64%. Southern Co. had an annual average earnings growth of 2.6% over the past 10 years. GuruFocus rated Southern Co. the business predictability rank of 2.5-star.

Revenues were $4.52 billion and earnings were $603.3 million for Southern Co.’s second quarter financial results.

President & CEO, GPC William P Bowers sold 181,883 shares of SO stock in May and September. Executive Vice President & CFO Art P Beattie sold 27,307 shares of SO stock on 08/29/2011 at the average price of 41.25. Director William G Jr Smith bought 744 shares of SO stock on 05/13/2011 at the average price of 40.28. Comptroller W Ron Hinson bought 213 shares of SO stock on 03/30/2011 at the average price of 38.08. Executive VP & COO Anthony J Topazi, Comptroller W Ron Hinson and EVP & Pres. External Affairs Christopher C Womack sold 62,419 shares of SO stock in August.

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