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Weekly CFO Sells Highlight: DMAN, DISCA, TSPT, ONE, AKRX

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According to GuruFocus Insider Data, the largest CFO sells during the past week were: DemandTec Inc. (DMAN), Discovery Communications Inc. Series A (DISCA), Transcept Pharmaceuticals Inc. (TSPT), Higher One Holdings (ONE), and Akorn Inc. (AKRX).

DemandTec Inc. (DMAN): Executive Vice President and CFO Mark Culhane Sold 137,000 Shares

Executive Vice President and CFO Mark Culhane sold 137,000 shares of DMAN stock on 12/08/2011 at the average price of 13.08. Mark Culhane owns at least 211,385 shares after this. The price of the stock has increased by 0.31% since.

Headquartered in San Carlos, Calif., DemandTec's suite of on-demand applications empowers retailers and consumer products companies to optimize pricing, promotion, and other strategic decisions in order to achieve their revenue, profitability and sales volume objectives. DemandTec Inc. has a market cap of $264.96 million; its shares were traded at around $13.12 with and P/S ratio of 3.21.

In its second quarter of 2012, DemandTec reported revenues of $22 million – compared to $20.4 million last year. GAAP net loss for this quarter was $4.4 million ($.13 per share), compared to net loss of $2.9 million ($0.09) prior year quarter.

Discovery Communications Inc. Series A (DISCA): Senior Executive Vice President and CFO Bradley E. Singer Sold 75,000 Shares

Senior Executive Vice President and CFO of Discovery Communications Inc. Series A (DISCA) Bradley E. Singer sold 75,000 shares on 12/01/2011 at an average price of $41.45. Discovery Communications Inc., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group LLC and Ascent Media CANS LLC. Discovery Communications Inc. Series A has a market cap of $10.96 billion; its shares were traded at around $41.91 with a P/E ratio of 18.61 and P/S ratio of 2.91. Discovery Communications Inc. Series A had an annual average earnings growth of 115.7% over the past five years.

Discovery Communications Inc. Series A has released its results for its third quarter 2011. During this quarter the company reported revenues of $1,095 million – a 18% increase from prior year quarter. Net income from continuing operations increased to $238 million and adjusted OIBDA increased 15% to $479 million. Free cash flow for this quarter was $314 million.

Senior Executive Vice President and CFO Bradley E. Singer sold 75,000 shares of DISCA stock on 12/01/2011 at the average price of $41.45. Bradley E. Singer owns at least 15,300 shares after this. The price of the stock has increased by 1.11% since. Founder John S Hendricks sold 49,390 shares of DISCA stock on 12/05/2011 at the average price of 41.83.

Transcept Pharmaceuticals Inc. (TSPT): Senior Vice President Operations and CFO Thomas P. Soloway Sold 62,670 Shares

Senior Vice President Operations and CFO of Transcept Pharmaceuticals Inc. (TSPT) Thomas P. Soloway sold 62,670 shares on 12/01/2011 at an average price of $8.43. Transcept Pharmaceuticals Inc., formerly Novacea Inc. Transcept Pharmaceuticals Inc. has a market cap of $108.31 million; its shares were traded at around $7.27 with and P/S ratio of 8.66.

Senior Vice President Operations and Chief Scientific Officer Nikhilesh N Singh and Vice President and General Counsel Joseph T. Kennedy also sold shares of TSPT stock.

Higher One Holdings (ONE): Chairman and CFO Mark Volchek Sold 60,000 Shares

Chairman and CFO of Higher One Holdings (ONE) Mark Volchek sold 60,000 shares on 12/08/2011 at an average price of $18.97. Higher One Inc. is engaged in providing technology and payment services to the higher education industry. Higher One Holdings has a market cap of $1.04 billion; its shares were traded at around $18.31 with a P/E ratio of 32.18 and P/S ratio of 7.15.

In its third quarter of 2011, Higher One Holdings saw a revenue increase of 15% to $48.1 million from prior year quarter. Operating cash flow was $9.4 million, and net income totaled $8.5 million

President and CEO Dean Hatton sold 93,677 shares of ONE stock on 12/07/2011 at the average price of $19.36. Chairman and CFO Mark Volchek sold 60,000 shares of ONE stock on 12/08/2011 at the average price of $18.97. Mark Volchek owns at least 1,931,926 shares after this. The price of the stock has decreased by 3.48% since. COO Miles Lasater and multiple other insiders also sold shares of ONE stock.

Akorn Inc. (AKRX): CFO Timothy A. Dick Sold 50,000 Shares

CFO Timothy A. Dick sold 50,000 shares of AKRX stock on 12/05/2011 at the average price of $11.01. Timothy A. Dick owns at least 13,962 shares after this. The price of the stock has decreased by 1% since.

Akorn Inc. manufactures and markets diagnostic and therapeutic pharmaceuticals in specialty areas such as ophthalmology, rheumatology, anesthesia and antidotes, among others. Akorn Inc. has a market cap of $1.03 billion; its shares were traded at around $10.9 with a P/E ratio of 49.23 and P/S ratio of 11.87.

During its third quarter in 2011, Akorn Inc. reported consolidated revenues of $36.7 million – up 69% from last year. Net income was $13.5 million ($.13 per share), compared to $4 million prior year quarter. Adjusted EBITDA was $11.9 million.

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

Rating: 4.0/5 (6 votes)

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