Audience Inc. (ADNC): CFO Kevin S. Palatnik Bought 25,000 Shares
CFO of Audience Inc. (ADNC) Kevin S. Palatnik bought 25,000 shares on 05/07/2013 at an average price of $13.97.
Audience Inc was founded in July 2000 in California under the name Applied Neurosystems Corporation and changed its name to Audience Inc. Audience Inc has a market cap of $334.699 million; its shares were traded at around $15.83 with a P/E ratio of 22.90 and P/S ratio of 2.00.
On May 2, 2013 Audience Inc. announced its first quarter 2013 financial results.
Revenue for the first quarter of 2013 was $47.2 million, compared with $31.1 million for the same period in 2012. As reported under U.S. generally accepted accounting principles (GAAP), first quarter 2013 net income was $4.6 million, or $0.20 per diluted share based on weighted average shares outstanding of 23.3 million. This compares with GAAP net income of $4.2 million, or $0.16 per diluted share based on weighted average shares outstanding of 3.8 million, for the same period in 2012. Gross margin on a GAAP basis for the first quarter of 2013 was 54.0% of revenue, compared to 56.9% of revenue for the same period in 2012.
Director, 10% Owner Forest Baskett sold 2,999 shares of ADNC stock on 03/07/2013 at the average price of 12.9. Forest Baskett owns at least 2,878,005 shares after this. The price of the stock has increased by 22.71% since.
Misonix Inc. (MSON): Senior Vice President and CFO Richard A. Zaremba Bought 15,000 Shares
Senior Vice President and CFO of Misonix Inc. (MSON) Richard A. Zaremba bought 15,000 shares on 05/13/2013 at an average price of $2.04.
Misonix Inc. is incorporated in the state of New York which, through its predecessors, was first organized in 1959. Misonix Inc. has a market cap of $40.708 million; its shares were traded at around $5.71 with a P/E ratio of 171.90 and P/S ratio of 2.40. Misonix Inc. had an annual average earnings growth of 25.5% over the past five years.
On May 9, 2013 Misonix Inc. reported financial results for the nine months and the third quarter of fiscal year 2013, ended March 31, 2013. Revenue for the nine months increased 7% to $11.1 million compared to $10.4 million in the first nine months of 2012. Third quarter revenue decreased 17% to $3.0 million compared to $3.6 million in the third quarter of 2012.
Director Howard Alliger sold 20,000 shares of MSON stock on 11/26/2012 at the average price of 4.1. Howard Alliger owns at least 58,900 shares after this. The price of the stock has increased by 39.27% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.