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Weekly CFO Sells Highlight: AXAS, MDW, MAPP, CATM, OVRL

September 24, 2011 | About:

According to GuruFocus Insider Data, the largest CFO sells during the past week were: Abraxas Petroleum Corp, Midway Gold Corp, MAP Pharmaceuticals Inc, Cardtronics Inc, and Overland Storage Inc.

Abraxas Petroleum Corp. (NASDAQ:AXAS): Former EVP/CFO Chris E Williford Sold 100,000 Shares

Former EVP/CFO of Abraxas Petroleum Corp. (NASDAQ:AXAS) Chris E Willifordsold 100,000 shares on 09/15/2011 at an average price of $3.42. Chris E Williford owns at least 98,974 shares after this. The price of the stock has decreased by 14.62% since.

Abraxas Petroleum Corporation is an independent energy company engaged primarily in the acquisition, exploration, exploitation and production of crude oil and natural gas. Abraxas Petroleum Corp. has a market cap of $268.2 million; its shares were traded at around $2.92 with and P/S ratio of 4.6.

For its second quarter 2011, Abraxas Petroleum Corp. reported year-over-year revenue increase of 14.1% from prior year quarter and EPS of $0.01 per diluted share.

Midway Gold Corp. (MDW): CFO Fritz Kelsey Schaudies Sold 33,333 Shares

CFO of Midway Gold Corp. (MDW) Fritz Kelsey Schaudies sold 33,333 shares on 09/16/2011 at an average price of $2.92. The price of the stock has decreased by 21.23% since.

MIDWAY GOLD CORP. is a precious metals exploration company listed on Tier-1 of the TSX Venture Exchange. Midway Gold Corp. has a market cap of $256.8 million; its shares were traded at around $2.3 with a P/E ratio of 57.5.

Midway Gold Corp. recently released its second quarter 2011 results. For this quarter ended July 30, 2011 – the company saw net loss of $6 million ($0.06 per share), compared to a loss of $2 million ($0.03) last year. $4 million of the loss reported this quarter was due to increased exploration efforts by the company.

MAP Pharmaceuticals Inc. (MAPP): CFO Christopher Y Chai Sold 32,000 Shares

CFO of MAP Pharmaceuticals Inc. (MAPP) Christopher Y Chai sold 32,000 shares on 09/20/2011 at an average price of $15.38. Christopher Y Chai owns at least 7,703 shares after this. The price of the stock has increased by 1.89% since.

Located in Mountain View, California, MAP Pharmaceuticals, Inc. Map Pharmaceuticals Inc. has a market cap of $476.6 million; its shares were traded at around $15.67 with and P/S ratio of 8.8.

For its second quarter 2011, MAP Pharmaceuticals Inc. reported a net loss of $8.6 million and revenues of $3.5 million. This compares to a net loss of $12.5 million and revenues of $0.0 in the same period last year.

Cardtronics Inc. (NASDAQ:CATM): CFO J Chris Brewster Sold 30,000 Shares

CFO of Cardtronics Inc. (NASDAQ:CATM) J Chris Brewster sold 30,000 shares on 09/20/2011 at an average price of $23.92. Chris Brewster owns at least 199,261 shares after this. The price of the stock has decreased by 3.85% since.

Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with approximately 31,600 ATMs including approximately 2,000 ATMs in the U. Cardtronics Inc. has a market cap of $1 billion; its shares were traded at around $23 with a P/E ratio of 22.9 and P/S ratio of 1.9.

For its second quarter 2011, Cardtronics Inc. reported consolidated revenues of $147.3 million and net income of $0.34 per share – results that were up 11% and 31% respectively from prior year quarter. Adjusted EBITDA went up 12% to $37.9 million.

Overland Storage Inc. (NASDAQ:OVRL): VP of Finance & CFO Kurt L. Kalbfleisch Sold 28,133 Shares

VP of Finance & CFO of Overland Storage Inc. (NASDAQ:OVRL) Kurt L. Kalbfleisch sold 28,133 shares on 09/15/2011 at an average price of $2.53. The price of the stock has decreased by 3.56% since.

Overland Storage, Inc. is a global supplier of innovative hardware and software storage solutions for mid-range computer networks. Overland Storage Inc. has a market cap of $56 million; its shares were traded at around $2.44 with and P/S ratio of 0.9.

Overland Storage Inc. has reported its second quarter 2011 results. During this quarter, the company saw revenues of $17.9 million – a 2% increase from last year. Net loss for the quarter was $0.9 million compared to net loss of $6.5 million prior year.

For the complete list of stocks that 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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Rating: 4.5/5 (2 votes)

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