CFO of Saba Software Inc. (SABA) William Slater sells 83,498 shares of SABA on 10/11/2011 at an average price of $6.16 a share.
Saba Software Inc. has a market cap of $179.9 million; its shares were traded at around $6.13 with and P/S ratio of 1.5.
CFO Recent Trades:
CFO William Slater sold 8,250 shares of SABA stock on 08/11/2011 at the average price of 6.65. William Slater owns at least 14,749 shares after this. The price of the stock has decreased by 7.82% since.
CFO William Slater sold 20,100 shares of SABA stock on 08/02/2011 at the average price of 7.94. William Slater owns at least 14,749 shares after this. The price of the stock has decreased by 22.8% since.
Exec VP Corporate Development Peter E Williams Iii sold 20,000 shares of SABA stock on 04/21/2011 at the average price of 9.82. Peter E Williams Iii owns at least 151,289 shares after this. The price of the stock has decreased by 37.58% since.
For the complete insider trading history of SABA, click here.
Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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.
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.
With regard to investing in net-nets, Ben Graham said: "It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets aloneā¦the results should be quite satisfactory. They were so in our experience, for more than 30 years."