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Weekly CFO Buys Highlight: VVTV, IPHI, PTEK, CNET, LLNW

jameskuang

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According to GuruFocus Insider Data, these are the largest CFO buys during the past week. The overall trend of CFOs is illustrated in the chart below:



Limelight Networks Inc. (LLNW): CFO Douglas S. Lindroth Bought 27,000 Shares

CFO of Limelight Networks Inc. (LLNW) Douglas S. Lindroth bought 27,000 shares on 11/29/2012 at an average price of $1.90. Limelight Networks is a provider of high-performance content delivery network services. Limelight Networks Inc. has a market cap of $193.78 million; its shares were traded at around $2.06 with and P/S ratio of 1.13.

Interim-CEO Robert A. Lento and CFO Douglas S. Lindroth bought shares of LLNW stock.

Director Thomas Falk sold shares of LLNW stock.

ChinaNet Online Holdings Inc. (CNET): CFO and 10% Owner Zhige Zhang Bought 27,603 Shares

CFO and 10% Owner of ChinaNet Online Holdings Inc. (CNET) Zhige Zhang bought 27,603 shares during the past week at an average price of $1.02. ChinaNet Online Holdings Inc. is formerly known as Emazing Interactive Inc. Chinanet Online Holdings Inc. has a market cap of $22.85 million; its shares were traded around $0.87 with and P/S ratio of 0.8.

ChinaNet Online Holdings Inc. announced financial results for the third quarter of 2012. Revenues increased by $3.9 million to $10.3 million for the three months ended Sept. 30, 2012, compared to the three months ended Sept. 30, 2011, representing a 60% increase. Net income attributable to common stockholders for the three months ended Sept. 30, 2012, was $1.2 million and earnings per share was $0.05, compared to $1 million and $0.06 for the three months ended Sept. 30, 2011, respectively.

CEO and President, 10% Owner Handong Cheng, CFO and 10% Owner Zhige Zhang, and 10% Owner King Investment Ltd. Rise bought shares of CNET stock.

PokerTek Inc. (PTEK): CEO and CFO Mark Daniel Roberson Bought 15,000 Shares

CEO and CFO of PokerTek Inc. (PTEK) Mark Daniel Roberson bought 15,000 shares on 11/30/2012 at an average price of $0.73. PokerTek Inc. is a North Carolina corporation founded in 2003. PokerTek Inc. has a market cap of $5.96 million; its shares were traded at around $0.83 with and P/S ratio of 0.92.

PokerTek Inc. reported financial results for the period ended Sept. 30, 2012. Total revenue was $3.8 million for the first nine months of 2012 compared to $5.2 million in 2011, a reduction of 25.7%. For the third quarter, total revenue was $1.1 million in 2012 compared to $1.7 million in 2011, a reduction of 34.2%. Net loss from continuing operations improved 45.4% to $662 thousand ($0.09 per share) for the first nine months of 2012 from $1.2 million ($0.18 per share) in 2011. Net loss from continuing operations improved 34.1% for the third quarter of 2012 to $326 thousand ($0.04 per share) compared to $495 thousand ($0.07 per share) for the comparable period of 2011.

CEO and CFO Mark Daniel Roberson, Director Joseph J. Lahti and President and 10% Owner James T. Crawford III bought shares of PTEK stock.

Inphi Corp (IPHI): CFO John Edmunds Bought 10,000 Shares

CFO of Inphi Corp (IPHI) John Edmunds bought 10,000 shares on 11/30/2012 at an average price of $7.8. Inphi Corporation was incorporated in Delaware in November 2000 as TCom Communications Inc. Inphi Corp has a market cap of $222.71 million; its shares were traded at around $8.87 with and P/S ratio of 2.81.

Inphi Corporation announced financial results for its third quarter ended Sept. 30, 2012. Revenue for the third quarter of 2012 was $24.8 million, up 50% from $16.5 million reported for the third quarter of 2011. GAAP net loss for the third quarter of 2012 was $1.1 million, or ($0.04) per diluted common share, compared with a GAAP net loss of $1.6 million or ($0.06) per diluted common share for the second quarter of 2012 and a GAAP net loss of $2.6 million, or ($0.10) per diluted common share, for the third quarter of 2011.

President and CEO Ford Tamer, CFO John Edmunds and Director Sam Srinivasan bought shares of IPHI stock.

ValueVision Media Inc. (VVTV): Executive Vice President and CFO William J. McGrath Bought 10,000 Shares

Executive Vice President and CFO of ValueVision Media Inc. (VVTV) William J. McGrath bought 10,000 shares on 12/03/2012 at an average price of $1.79. ValueVision Media Inc. was incorporated on June 25, 1990. ValueVision Media Inc. has a market cap of $89.53 million; its shares were traded around $1.79 with and P/S ratio of 0.16.

ValueVision Media Inc. announced operating results for its fiscal 2012 third quarter. ValueVision's third quarter 2012 net sales rose 1.8% to $137.6 million versus third quarter 2011.

Executive Vice President and CFO William J. McGrath, Senior Vice President Operations Michael Anthony Murray and Director Sean F. Orr bought shares of VVTV stock.

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


Rating: 1.7/5 (3 votes)

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