Weekly CFO Sells Highlight: L, SAPE, JDAS, SRZ, TUMI, LNKD

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Nov 19, 2012
Senior Vice President and CFO Peter W. Keegan sold 90,000 shares of L stock on 11/15/2012 at the average price of $39.78. The price of the stock has increased by 2.36% since.


Loews Corporation is a holding company. Its subsidiaries are engaged in the following lines of business: property, casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corporation has a market cap of $16.27 billion; its shares were traded at around $40.72 with a P/E ratio of 13.3 and P/S ratio of 1.2. The dividend yield of Loews Corporation stocks is 0.6%. Loews Corporation had an annual average earnings growth of 26% over the past 10 years.


Loews Corporation reported third quarter 2012 net income of $177 million ($0.45 per share), compared to $162 million ($0.40) in the third quarter of 2011. Income before net investment gains (losses) and impairment charges was $339 million compared to $177 million prior year quarter.


President and Chief Executive Officer James S. Tisch and multiple other insiders all recently sold shares of L stock.


Sapient Corporation (SAPE, Financial): CFO Joseph S. Tibbetts Jr. Sold 70,000 Shares


CFO Joseph S. Tibbetts Jr. sold 70,000 shares of SAPE stock on 11/12/2012 at the average price of $11.38.


Executive Vice President and CFO of JDA Software Group Inc. (JDAS, Financial) Peter S. Hathaway sold 97,915 shares during the past week at an average price of $44.59.


JDA Software Group Inc. is a provider of software solutions designed specifically to address the supply chain management, business process, analytic application and e-commerce requirements of the retail industry. JDA Software Group Inc. has a market cap of $1.91 billion; its shares were traded at around $44.63 with a P/E ratio of 22.8 and P/S ratio of 2.9. JDA Software Group Inc. had an annual average earnings growth of 23.6% over the past 10 years.


JDA Software Group has released its third quarter 2012 results. JDA revenues for this quarter were $164.5 million, compared to $173.1 million prior year quarter. GAAP net income was $11.1 million ($0.26 per share) compared to $18.3 million ($0.43) in the third quarter of 2011. JDA also announced that it has entered into a merger with RedPraire, under which JDA stockholders would receive $45 per share.


President and CEO Hamish Brewer sold 267,028 shares of JDAS stock on 11/08/2012 at the average price of $44.8. Senior Vice President Human Resources Brian P. Boylan, Director James D. Armstrong, and many other insiders also recently sold shares of JDAS stock.


Sunrise Senior Living Inc. (SRZ, Financial): CFO C. Marc Richards Sold 57,517 Shares


CFO C. Marc Richards sold 57,517 shares of SRZ stock on 11/14/2012 at the average price of $14.32. C. Marc Richards owns at least 100,512 shares after this. The price of the stock has decreased by 0.28% since.


Sunrise Senior Living is the nation's largest provider of senior living services. Sunrise Senior Living Inc. has a market cap of $839.2 million; its shares were traded at around $14.28 with a P/E ratio of 120 and P/S ratio of 0.6.


For its third quarter of 2012, Sunrise Senior Living reported net income of $21.1 million ($0.35 per diluted share), compared to a net loss of $8.7 million ($0.15 per share) prior year quarter. Third quarter 2012 results included a $30.7 million gain from the sales of five venture-owned communities and $9.7 million in transaction costs from a proposed merger to Health Care REIT Inc (HCN). Details of the merger include an all cash acquisition of Sunrise by Health Care REIT, in which stockholders of Sunrise would receive $14.5 per share of stock.


CEO Mark S. Ordan sold 84,161 shares of SRZ stock on 11/15/2012 at the average price of $14.3. 10% Owner Carlson


CFO and Executive Vice President Michael J. Mardy sold 50,000 shares of TUMI stock on 11/15/2012 at the average price of $21.1. Michael J. Mardy owns at least 942,695 shares after this. The price of the stock has increased by 0.47% since.


Tumi Holdings Inc. is a global, premium lifestyle brand. Tumi Holdings Inc. has a market cap of $1.43 billion; its shares were traded at around $21.2.


CEO and President Jerome Griffith sold 50,000 shares of TUMI stock on 11/15/2012 at the average price of $21.1. Chairman of the Board Richard P. Hanson sold 11,275,975 shares of TUMI stock on 11/15/2012 at the average price of $21.1.


LinkedIn Corp. (LNKD, Financial): Senior Vice President and CFO Steven J. Sordello Sold 50,000 Shares


Senior Vice President and CFO Steven J. Sordello sold 50,000 shares of LNKD stock on 11/08/2012 at the average price of $100.01. Steven J. Sordello owns at least 43,832 shares after this. The price of the stock has increased by 3.12% since.


LinkedIn Corp. is an online professional network which allows members to create, manage and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. LinkedIn Corp. has a market cap of $10.11 billion; its shares were traded at around $103.13 with a P/E ratio of 415.7 and P/S ratio of 2.7.


LinkedIn Corp. has released its third quarter 2012 results. For this quarter, the company reported revenues of $252.0 million, an increase of 81% from the third quarter of 2011. Net income for this quarter was $2.3 million, compared to a net loss of $1.6 million in prior year quarter.


Multiple other insiders also sold shares of LNKD stock over the past week.


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