According to GuruFocus Insider Data, the largest CFO sells during the past week were: Akorn Inc., Fusion-IO Inc., Overland Storage Inc. and Vertex Pharmaceuticals Inc.
Akorn Inc. (AKRX) CFO Timothy A. Dick sold 100,000 Shares
CFO Timothy A. Dick sold 100,000 shares of AKRX stock on 09/17/2012 at the average price of $14.08. Dick owns at least 32,821 shares after this. The price of the stock has decreased by 11.15% 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 $1.25 billion; its shares were traded at around $12.51 with a P/E ratio of 32 and P/S ratio of 9.1.
For its second quarter of 2012, Akorn Inc. reported net income of $10.6 million ($0.10 per diluted share), compared to income of $17.9 million ($0.17 per share) in the prior-year quarter. Consolidated revenue for the quarter was $63.3 million, up 97% over the prior-year quarter.
Fusion-IO Inc. (FIO): CFO Dennis P. Wolf Sold 30,000 Shares
CFO Dennis P. Wolf sold 30,000 shares of FIO stock on 10/15/2012 at the average price of $29.04. Wolf owns at least 2,340 shares after this. The price of the stock has decreased by 5.13% since.
Fusion-IO Inc. is engaged in the design, development and retail of storage memory platform that helps data decentralization. Fusion-IO has a market cap of $2.84 billion; its shares were traded at around $27.55 with a P/E ratio of 373.7 and P/S ratio of 14.4.
Fusion-IO Inc. has reported fourth quarter 2012 revenues of $106.6 million, up 49% from the $71.7 million reported in the same quarter of 2011. GAAP net loss for the quarter was $2.4 million ($0.03 per diluted share), compared to net income of $5.8 million ($0.06 per share) in the prior-year quarter. Gross margin for the fourth quarter was 57.5%.
Chairman, CEO and President David A. Flynn sold 80,000 shares of FIO stock on 10/16/2012 at the average price of $29.52. Chief Technology Officer Neil A. Carson, COO Lance L. Smith and other insiders also sold shares of FIO stock over the past week.
Overland Storage Inc. (OVRL): Senior Vice President and CFO Kurt L. Kalbfleisch Sold 16,547 Shares
Senior Vice President and CFO Kurt L. Kalbfleisch sold 16,547 shares of OVRL stock on 10/15/2012 at the average price of $1.6. Kalbfleisch owns at least 537,208 shares after this. The price of the stock has increased by 6.25% 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 $44.5 million; its shares were traded at around $1.7 with and P/S ratio of 0.8
Overland Storage has released its fourth quarter 2012 results. In this quarter, net revenues were $15.3 million, compared to $17.6 million prior year quarter. Net loss was $2.7 million ($0.10 per diluted share), compared to net loss of $3.7 million ($0.16 per share) in the same quarter of last year. Gross margin was 31.6% for this quarter.
Vertex Pharmaceuticals Inc. (VRTX): Executive Vice President and CFO Ian F. Smith Sold 14,043 Shares
Executive Vice President and CFO Ian F. Smith sold 14,043 shares of VRTX stock on 10/11/2012 at the average price of $60. Smith owns at least 29,353 shares after this. The price of the stock has decreased by 16.27% since.
Vertex Pharmaceuticals Inc. discovers, develops and markets small molecule drugs that address major unmet medical needs. Vertex Pharmaceuticals Inc. has a market cap of $11.55 billion; its shares were traded at around $50.24 with a P/E ratio of 26 and P/S ratio of 8.2.
Vertex Pharmaceuticals saw second quarter 2012 revenues of $418 million and GAAP net loss of $65 million ($0.31 per share). Non-GAAP net income was $100 million ($0.46 per share).
Executive Vice President, Global R&D and Chief Security Officer Peter Mueller sold 6,500 shares of VRTX stock on 10/15/2012 at the average price of 52.93.
For the complete list of stocks sold by their CFOs, go to: Insider Buys.
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