WEEKLY CFO SELLS HIGHLIGHT: ZNGA, ARNA, JACK, TUMI, PANW

Author's Avatar
Apr 07, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Zynga Inc., Arena Pharmaceuticals Inc., Jack In The Box Inc., Tumi Holdings Inc. and Palo Alto Networks Inc.

Zynga Inc. (ZNGA, Financial): CFO Mark Vranesh Sold 125,000 Shares

CFO Mark Vranesh sold 125,000 shares of ZNGA stock on April 1, 2013 at the average price of $3.26. Mark Vranesh owns at least 801,892 shares after this. The price of the stock has increased by 8.9% since.

Zynga Inc. originally organized in April 2007 as a California limited liability company under the name Presidio Media LLC, and it converted to a Delaware corporation in October 2007. Zynga Inc. has a market cap of $2.79 billion; its shares were traded at around $3.55 with a P/E ratio of 178.1 and a P/S ratio of 2.0534.

Zynga Inc. reported fourth quarter 2012 revenue of $311 million, flat over prior year quarter, and bookings of $261 million, down 15% over last year. Fourth quarter net loss was $48.6 million. GAAP EPS was $0.06.

Arena Pharmaceuticals Inc. (ARNA, Financial): SVP, Finance and CFO Robert Hoffman Sold 71,250 Shares

Senior Vice President, Finance and CFO Robert Hoffman sold 71,250 shares of ARNA stock on April 1, 2013 at the average price of $8.21. Robert Hoffman owns at least 19,570 shares after this. The price of the stock has decreased by 0.97% since.

Arena Pharmaceuticals, Inc. was incorporated on April 14, 1997, and commenced operations in July 1997. Arena Pharmaceuticals, Inc. has a market cap of $1.77 billion; its shares were traded at around $8.13 with and a P/S ratio of 57.8035.

Arena Pharmaceuticals Inc. reported fourth quarter 2012 revenues of $1.9 million, compared to $2.1 million in the same quarter of 2011.

Jack In The Box, Inc. (JACK, Financial): Executive VP and CFO Jerry P. Rebel Sold 70,000 Shares

Executive Vice President and CFO Jerry P. Rebel sold 70,000 shares of JACK stock on April 1, 2013 at the average price of $34.17. Jerry P. Rebel owns at least 88,036 shares after this. The price of the stock has increased by 1.17% since.

Jack In The Box Inc. is a Delaware corporation. The company operates and franchises more than 2,800 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Grill fast-casual restaurants. Jack In The Box Inc. has a market cap of $1.5 billion; its shares were traded at around $34.57 with a P/E ratio of 20.7039 and a P/S ratio of 0.9991. Jack In The Box Inc. had an annual average earnings growth of 6% over the past 10 years.

Jack In The Box Inc. has recently released its first quarter 2013 results. In this quarter, the company generated earnings from continuing operations of $23.9 million ($0.54 per diluted share) compared with earnings of $12 million ($0.27 per share) in the prior year quarter. Jack in the Box company same-store sales increased 2.1%, and the consolidated restaurant operating margin improved 220 basis points to 15.7% of sales.

Chairman and CEO Linda Lang sold 93,254 shares of JACK stock on April 1, 2013 at the average price of $34.14.

Tumi Holdings Inc. (TUMI, Financial): CFO and Executive VP Michael J. Mardy Sold 50,000 Shares

CFO and Executive Vice President Michael J. Mardy sold 50,000 shares of TUMI stock on April 3, 2013 at the average price of $21.1. Michael J. Mardy owns at least 892,695 shares after this. The price of the stock has increased by 7.44% since.

Tumi Holdings Inc. was founded in 1975. It was incorporated in Delaware during September 2004, in connection with its acquisition by funds managed by Doughty Hanson. Tumi Holdings Inc. has a market cap of $1.54 billion; its shares were traded at around $22.67 with a P/E ratio of 39.0625 and a P/S ratio of 3.601.

Tumi Holdings Inc. has released its fourth quarter 2012 results. Fourth quarter net sales increased 18.6% to $126.8 million. Net income was $16.9 million ($0.25 per diluted share), compared to $12.8 million ($0.24 per share) prior year quarter. Company gross profit increased 15.6% in this quarter.

CEO and President Jerome Griffith sold 80,000 shares of TUMI stock on April 3, 2013 at the average price of $21.1. Chairman of the Board Richard P. Hanson, and multiple other insiders also sold shares of TUMI stock.

Palo Alto Networks Inc. (PANW, Financial): CFO Steffan Tomlinson Sold 40,300 Shares

CFO Steffan Tomlinson sold 40,300 shares of PANW stock on April 1, 2013 at the average price of $54.88. Steffan Tomlinson owns at least 5,000 shares after this. The price of the stock has decreased by 3.41% since.

Palo Alto Networks Inc. was incorporated in March 2005 under the laws of Delaware and commenced operations in April 2005. Palo Alto Networks Inc. has a market cap of $3.66 billion; its shares were traded at around $53.01 and a P/S ratio of 7.3206.

Palo Alto Networks Inc. saw first quarter 2013 revenue growth of 50% year-over-year to $85.9 million. GAAP net loss was $3.5 million ($0.05 per diluted share), compared with net income of $4.1 million ($0.00 per diluted share) in the same quarter of 2012.

President and CEO Mark D. Mclaughlin sold 22,732 shares of PANW stock on April 1, 2013 at the average price of $54.99. Chief Technology Officer and Vice President, Engineering Rajiv Batra also sold shares of PANW stock over the past week.

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