Weekly CFO Sells Highlight: NETL, ERTS, OAS, PAET, ARBA, TMK

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Nov 22, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: NetLogic Microsystems Inc, Electronic Arts Inc, Oasis Petroleum, PAETEC Holding Corp, Ariba Inc, and Torchmark Corp.


NetLogic Microsystems Inc. (NETL, Financial): Vice President and CFO Michael Truett Tate Sold 113,302 Shares


Vice President and CFO Michael Truett Tate sold 113,302 shares of NETL stock on 11/17/2011 at the average price of $49.34. Michael Truett Tate owns at least 126,994 shares after this. The price of the stock has increased by 0.06% since.


NetLogic Microsystems Inc. is a fabless semiconductor company located in Mountain View, Calif. Netlogic Microsystems Inc. has a market cap of $3.42 billion; its shares were traded at around $49.37 with a P/E ratio of 44.9 and P/S ratio of 9.


NetLogic Microsystems Inc. has released its third quarter 2011 results. For this quarter, the company saw revenues of $106.8 million and net income of $7.2 million ($.10 per share). This compares with revenues of $103.7 million and income of $5.2 million ($0.08 per share) prior year quarter.


Electronic Arts Inc. (ERTS, Financial): EVP & CFO Eric F Brown Sold 105,000 Shares


Executive Vice President and CFO of Electronic Arts Inc. (ERTS) Eric F. Brown sold 105,000 shares on 11/15/2011 at an average price of $23.49. Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA. Electronic Arts Inc. has a market cap of $7.13 billion; its shares were traded at around $21.625 with a P/E ratio of 1081.3 and P/S ratio of 2.


In its second quarter of 2011, Electronic Arts Inc. reported a net loss of $340 million ($1.03 per share), compared to a loss of $201 million (61 cents) in the same quarter last year. However, revenue for the company rose 13.3% from last year to $715 million.


Executive Vice President and CFO Eric F. Brown sold 105,000 shares of ERTS stock on 11/15/2011 at the average price of $23.49. Eric F. Brown owns at least 22,594 shares after this. The price of the stock has decreased by 7.94% since. Senior Vice President and General Counsel Stephen G. Bene also sold shares of ERTS stock.


Oasis Petroleum (OAS, Financial): Executive Vice President and CFO Michael H. Lou Sold 100,000 Shares


Executive Vice President and CFO of Oasis Petroleum (OAS) Michael H. Lou sold 100,000 shares on 11/11/2011 at an average price of $31.23. Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. Oasis Petroleum has a market cap of $2.63 billion; its shares were traded at around $28.42 with a P/E ratio of 47.4 and P/S ratio of 20.4.


Oasis Petroleum recently released its results for its quarter ended September 30, 2011. Adjusted EBITDA was $62.9 million – a $40.9 million increase from last year.


Executive Vice President and CFO Michael H. Lou sold 100,000 shares of OAS stock on 11/11/2011 at the average price of $31.23. Michael H. Lou owns at least 195,482 shares after this. The price of the stock has decreased by 9% since. Senior VP Exploration Robert J. Candito, Senior VP and CAO Roy W. Mace, and Executive VP and COO Taylor L. Reid all sold shares of OAS stock.


PAETEC Holding Corp. (PAET, Financial): EVP and CFO Keith M. Wilson Sold 88,649 Shares


EVP and CFO of PAETEC Holding Corp. (PAET) Keith M. Wilson sold 88,649 shares on 11/11/2011 at an average price of $5.43. US LEC Corp. is a provider of integrated telecommunications services, including local, long distance, data, Internet and enhanced services, to customers in selected markets. Paetec Holding Corp. has a market cap of $761.7 million; its shares were traded at around $5.23 with and P/S ratio of 0.5.


In its third quarter of 2011, PAETEC Holding Corp. reported revenues of $536.3 million and net loss of $17.1 million. Adjusted EBITDA was $102.3 million and free cash flow was reported at $56.7 million.


EVP and CFO Keith M. Wilson sold 88,649 shares of PAET stock on 11/11/2011 at the average price of $5.43. Keith M. Wilson owns at least 1,588,286 shares after this. The price of the stock has decreased by 3.68% since. Director William R. Mcdermott and EVP, General Counsel and Sec'y Mary K. O'connell both sold shares of PAET stock during the past week as well.


Ariba Inc. (ARBA, Financial): CFO Ahmed Rubaie Sold 80,879 Shares


CFO of Ariba Inc. (ARBA) Ahmed Rubaie sold 80,879 shares on 11/16/2011 at an average price of $31.95. Ariba Inc. is a provider of intranet- and Internet-based business-to-business electronic commerce solutions for operating resources. Ariba Inc. has a market cap of $2.78 billion; its shares were traded at around $28.51 with a P/E ratio of 109.7 and P/S ratio of 6.3.


CFO Ahmed Rubaie sold 80,879 shares of ARBA stock on 11/16/2011 at the average price of 31.95. Ahmed Rubaie owns at least 96,105 shares after this. The price of the stock has decreased by 10.77% since. Multiple other insiders recently sold shares of ARBA stock as well.


Torchmark Corp. (TMK, Financial): EVP & CFO Gary L Coleman Sold 68,000 Shares


EVP & CFO of Torchmark Corp. (TMK) Gary L Coleman sold 68,000 shares on 11/11/2011 at an average price of $42.53. Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies. Torchmark Corp. has a market cap of $4.34 billion; its shares were traded at around $41.34 with a P/E ratio of 9.2 and P/S ratio of 1.4. The dividend yield of Torchmark Corp. stocks is 1.2%. Torchmark Corp. had an annual average earnings growth of 2.5% over the past 10 years. GuruFocus rated Torchmark Corp. the business predictability rank of 3.5-star.


CEO Mark S Mcandrew sold 80,000 shares of TMK stock on 11/07/2011 at the average price of $42.08. EVP & CFO Gary L. Coleman sold 68,000 shares of TMK stock on 11/11/2011 at the average price of 42.53. Gary L. Coleman owns at least 340,466 shares after this. The price of the stock has decreased by 2.8% since. Other insiders sold shares of TMK stock during the past week as well.


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