Weeky CFO Sells Highlight: ADBE, HAE, WAGE, OVTI, ICPT

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Jun 24, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Adobe Systems Inc., Haemonetics Corporation, WageWorks Inc., OmniVision Technologies Inc. and Intercept Pharmaceuticals Inc.

Adobe Systems Inc. (ADBE, Financial): EVP, CFO and Assistant Secretary Mark Garrett Sold 232,276 Shares

EVP, CFO and Assistant Secretary Mark Garrett sold 232,276 shares of ADBE stock on 06/21/2013 at the average price of $44.95. Mark Garrett owns at least 117,847 shares after this. The price of the stock has decreased by 0.4% since.

Adobe Systems Inc was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. Adobe Systems Inc has a market cap of $22.53 billion; its shares were traded at around $44.77 with a P/E ratio of 31.75 and P/S ratio of 5.33. Adobe Systems Inc had an annual average earnings growth of 13.8% over the past 10 years. GuruFocus rated Adobe Systems Inc the business predictability rank of 3.5-star.

Adobe Systems Inc. reported second quarter 2013 income of $76.5 million ($0.15 per share), compared to $223.9 million ($0.45 per share) in the prior year quarter. Second quarter revenue was $1.01 billion, down from the $1.12 billion reported last year.

President and CEO Shantanu Narayen sold 50,000 shares of ADBE stock on 06/20/2013 at the average price of $44.85.

Haemonetics Corporation (HAE, Financial): CFO & EVP Business Development Christopher J. Lindop Sold 68,628 Shares

CFO & EVP Business Development Christopher J. Lindop sold 68,628 shares of HAE stock on 06/18/2013 at the average price of $42.5. Christopher J. Lindop owns at least 30,414 shares after this. The price of the stock has decreased by 0.8% since.

Haemonetics Corporation was founded in 1971 and incorporated in Massachusetts in 1985. Haemonetics Corporation has a market cap of $2.14 billion; its shares were traded at around $42.16 with a P/E ratio of 56.82 and P/S ratio of 2.47. Haemonetics Corporation had an annual average earnings growth of 6.3% over the past 10 years. GuruFocus rated Haemonetics Corporation the business predictability rank of 4-star.

Haemonetics Corporation has released its fourth quarter 2013 results ended March 31, 2013. For this quarter, net revenue increased 34% to $249.9 million. GAAP net income was $12.6 million ($0.24 per share), down 29% from last year. Adjusted net income was up 21% to $25.1 million.

WageWorks Inc (WAGE, Financial): CFO Richard T. Green Sold 78,000 Shares

CFO of WageWorks Inc (WAGE) Richard T. Green sold 78,000 shares during the past week at an average price of $30.44.

WageWorks Inc. was founded in 2000 and it was incorporated in state of Delaware. Wageworks Inc. has a market cap of $1.06 billion; its shares were traded at around $31.83 with a P/E ratio of 74.07 and P/S ratio of 4.82.

For its first quarter of 2013, WageWorks Inc. reported a 27% year-over-year increase in total revenue to $56.1 million. During this quarter, the company generated GAAP net income of $4.6 million ($0.14 per share), compared to $0.3 million ($0.02 per share) last year.

Richard M. Berkeley sold 92,164 shares of WAGE stock on 06/19/2013 at the average price of $32.5.

OmniVision Technologies Inc. (OVTI, Financial): CFO/VP of Finance Anson Hoi-fung Chan Sold 53,123 Shares

CFO/VP of Finance Anson Hoi-fung Chan sold 53,123 shares of OVTI stock on 06/18/2013 at the average price of $20. Anson Hoi-fung Chan owns at least 36,697 shares after this. The price of the stock has decreased by 5.35% since.

OmniVision Technologies, Inc. designs, develops and markets semiconductor image sensor devices. Omnivision Technologies, Inc. has a market cap of $1.02 billion; its shares were traded at around $18.93 with a P/E ratio of 27.55 and P/S ratio of 0.72.

OmniVision Technologies Inc. has released its fourth quarter 2013 results ended April 30, 2013. Revenues were $336.2 million this quarter, compared to $218.5 million in the fourth quarter of 2012. GAAP net income was $8.9 million compared to $2.7 million in the prior year quarter.

Intercept Pharmaceuticals Inc. (ICPT, Financial): CFO Barbara Gayle Duncan Sold 50,575 Shares

CFO Barbara Gayle Duncan sold 50,575 shares of ICPT stock on 06/19/2013 at the average price of $34.5. Barbara Gayle Duncan owns at least 6,814 shares after this. The price of the stock has increased by 13.62% since.

Intercept Pharmaceuticals Inc was incorporated in the State of Delaware on September 4, 2002. Intercept Pharmaceuticals Inc has a market cap of $653.237 million; its shares were traded at around $39.20.

President and CEO Mark Pruzanski sold 25,000 shares of ICPT stock on 06/20/2013 at the average price of $38.25. CMO and EVP Development David Shapiro sold 5,016 shares of ICPT stock on 06/17/2013 at the average price of $32.72.

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