Weekly CFO Sells Highlight: ZNGA, TNGO, ZZ, DG, TEA, PLD

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Apr 07, 2012
According to GuruFocus Insider Data,the largest CFO sells during the past week were: Zynga Inc, Tangoe Inc, Sealy Corp, Dollar General, Teavana Holding, and Prologis Inc.


Zynga Inc (ZNGA, Financial): CFO David M. Wehner Sold 447,082 Shares


CFO of Zynga Inc (ZNGA) David M. Wehner sold 447,082 shares on 04/03/2012 at an average price of $11.79. Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc has a market cap of $1.6 billion; its shares were traded at around $11.91 with and P/S ratio of 1.4.


For its fourth quarter of 2011, Zynga Inc reported bookings of $306.5 million, up 26% over the same quarter last year. Fourth quarter non-GAAP EPS was $0.05, and adjusted EBITDA decreased 34% from last year to $67.8 million. Revenues were $311.2 million for this quarter, an increase of 59% over the prior year quarter, and the company reported non-GAAP income of $37.2 million – a decrease of 41% over last year. As of December 31, 2011, Zynga Inc had cash and cash equivalents of $1.92 billion, with cash flow from operations at $164 million compared to $57.8 million last year.


CEO, Chief Product Officer, 10% Owner Mark J Pincus sold 16,500,000 shares of ZNGA stock on 04/03/2012 at the average price of 11.64. CFO David M. Wehner sold 447,082 shares of ZNGA stock on 04/03/2012 at the average price of 11.79. David M. Wehner owns at least 64,783 shares after this. The price of the stock has increased by 1.02% since. Multiple other insiders also sold shares of ZNGA stock on 04/03/2012.


Tangoe Inc (TNGO, Financial): CFO Gary Martino Sold 67,000 Shares


CFO of Tangoe Inc (TNGO) Gary Martino sold 67,000 shares on 04/03/2012 at an average price of $17.48. Tangoe, Inc. is a global provider of communications lifecycle management software and related services. Tangoe Inc has a market cap of $643.9 million; its shares were traded at around $19.33 with and P/S ratio of 6.1.


Tangoe Inc reported fourth quarter 2011 revenue of $29.2 million, up 57% over prior year quarter – with GAAP net income of $0.9 million. Adjusted EBITDA increased 87% from last year’s fourth quarter to $3.7 million. As of December 31, 2011, Tangoe Inc had cash and cash equivalents of $43.4 million.


President & CEO Albert R. Jr. Subbloie sold 200,000 shares of TNGO stock on 04/03/2012 at the average price of 17.48. CFO Gary Martino sold 67,000 shares of TNGO stock on 04/03/2012 at the average price of 17.48. Gary Martino owns at least 262,166 shares after this. The price of the stock has increased by 10.58% since. Director David M Coit, Sr. VP, Customer Account Mgt Charles D. Gamble, and multiple other insiders also sold shares of TNGO stock in the past week.


Sealy Corp (ZZ, Financial): EVP and CFO Jeffrey C Ackerman Sold 55,000 Shares


EVP and CFO of Sealy Corp (ZZ) Jeffrey C Ackerman sold 55,000 shares on 03/30/2012 at an average price of $2.01. Sealy Corporation, through its subsidiaries, is the largest bedding manufacturer in North America and produces a diversified line of mattress and foundation products. Sealy Corp has a market cap of $204.1 million; its shares were traded at around $2.05 with and P/S ratio of 0.2.


Sealy Corp recently released its first quarter 2012 results. For this quarter, Sealy Corp reported net sales increase of 2.2% year-over-year to $312.3 million. Net income from operations was $1.6 million ($0.01 per diluted share), compared to $0.1 million prior year quarter.


EVP and CFO Jeffrey C Ackerman sold 55,000 shares of ZZ stock on 03/30/2012 at the average price of 2.01. Jeffrey C Ackerman owns at least 588,683 shares after this. The price of the stock has increased by 1.99% since.


Dollar General (DG, Financial): EVP & CFO David M Tehle Sold 51,051 Shares


EVP & CFO of Dollar General (DG) David M Tehle sold 51,051 shares on 04/02/2012 at an average price of $44.01. Dollar General Corporation is a discount retailer in the United States. Dollar General has a market cap of $15.59 billion; its shares were traded at around $47.22 with a P/E ratio of 19.7 and P/S ratio of 1.1.


Dollar General has released its fourth quarter 2011 results. For this quarter, the company saw net sales increase 20.1% from prior year to $4.19 billion. Net income for the fourth quarter was $293 million ($0.85 per diluted share), compared to $223 million last year.


Chairman & CEO Richard W Dreiling sold 52,225 shares of DG stock on 04/02/2012 at the average price of 44.01EVP & CFO David M Tehle sold 51,051 shares of DG stock on 04/02/2012 at the average price of 44.01. David M Tehle owns at least 9,140 shares after this. The price of the stock has increased by 7.29% since. 10% Owner Sachs Dgc Investors Lp Goldman sold 6,104,274 shares of DG stock on 04/02/2012 at the average price of 44.01. Other insiders have also sold shares of DG stock in the past week as well.


Teavana Holding (TEA, Financial): Exec.Vice President, CFO Daniel P Glennon Sold 50,000 Shares


Exec.Vice President, CFO Daniel P Glennon sold 50,000 shares of TEA stock on 04/03/2012 at the average price of 19.89. The price of the stock has decreased by 1.56% since.


Teavana Holding reported net income of $12.5 million for its fourth quarter of 2011 – a 36% increase over prior year quarter.


Teavana Holdings, Inc. is a retailer of loose-leaf teas, artisanal teawares, and other tea-related merchandise. Teavana Holding has a market cap of $753.8 million; its shares were traded at around $19.58 with a P/E ratio of 42.9 and P/S ratio of 4.5.


Prologis Inc (PLD, Financial): CFO William E Sullivan Sold 48,913 Shares


CFO William E Sullivan sold 48,913 shares of PLD stock on 04/03/2012 at the average price of 35.95. William E Sullivan owns at least 42,078 shares after this. The price of the stock has decreased by 1.31% since.


For its fourth quarter of 2011, Prologis Inc. saw core FFO of $0.44 per diluted share, compared to $0.41 per share last year.


Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. Prologis Inc has a market cap of $16.57 billion; its shares were traded at around $35.48 with a P/E ratio of 23.1 and P/S ratio of 10.8. The dividend yield of Prologis Inc stocks is 3.1%.


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