Weekly CFO Sells Highlight: CSOD, UTX, MEMS, SBAC, BIIB

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Sep 22, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Cornerstone OnDemand, United Technologies, Memsic, SBA Communications and Biogen Idec.

Cornerstone OnDemand (CSOD, Financial): CFO Perry A. Wallack Sold 225,235 Shares

CFO of Cornerstone OnDemand (CSOD), Perry Wallack, sold 225,235 shares during the past week at an average price of $53.52.

Cornerstone OnDemand has a market cap of $2.78 billion; its shares were traded at around $53.93 with and P/S ratio of 18.35.

Cornerstone OnDemand reported second quarter 2013 revenue of $44.3 million, up 66% over the second quarter last year, and second quarter bookings up 55% to $48.9 million. The company’s net loss for the quarter was $8.7 million ($0.17 per share).

President & CEO Adam L Miller sold 12,800 shares of CSOD stock on Sept. 10 at the average price of $53.43. Multiple other insiders also sold shares of CSOD stock over the past week.

United Technologies Corp (UTX, Financial): SVP and CFO Gregory Hayes Sold 146,033 Shares

SVP and CFO Gregory Hayes sold 146,033 shares of UTX stock on Sept. 16 at the average price of $109.55. Gregory Hayes owns at least 66,803 shares after this. The price of the stock has increased by 0.03% since.

United Technologies Corp has a market cap of $100.54 billion; its shares were traded at around $109.58 with a P/E ratio of 19.92 and P/S ratio of 1.61. The dividend yield of United Technologies Corp stocks is 1.95%. United Technologies Corp had an annual average earnings growth of 9.1% over the past 10 years. GuruFocus rated United Technologies Corp the business predictability rank of 2.5-star.

Memsic, Inc. (MEMS, Financial): CFO Patricia Niu Sold 107,185 Shares

CFO Patricia Niu sold 107,185 shares of MEMS stock on Sept. 17 at the average price of $4.23. The price of the stock has decreased by 0.24% since.

Memsic has a market cap of $102.6 million; its shares were traded at around $4.22 with a P/E ratio of 54.10 and P/S ratio of 1.89.

Memsic Inc generated second quarter net sales of $13.2 million compared to $14.4 million in the 2012 quarter. GAAP net loss was $2.3 million ($0.09 per share), compared to a net loss of $0.5 million ($0.02 per share) in the prior year quarter.

CEO Yang Zhao sold 485,654 shares of MEMS stock on Sept. 17 at the average price of $4.23. President, NA & EU Operations Paul M Zavracky and multiple directors all also sold shares of MEMS stock over the past week.

SBA Communications Corp (SBAC, Financial): Senior Vice President & CFO Brendan Thomas Cavanagh Sold 101,628 Shares

Senior Vice President & CFO Brendan Thomas Cavanagh sold 101,628 shares of SBAC stock on Sept. 16 at the average price of $77.04. Brendan Thomas Cavanagh owns at least 6,628 shares after this. The price of the stock has increased by 0.23% since.

SBA Communications Corp has a market cap of $9.87 billion; its shares were traded at around $77.22 with and P/S ratio of 8.31. SBA Communications Corp had an annual average earnings growth of 15.8% over the past 10 years.

SBA Communications Corp has released its second quarter 2013 results. Total revenues for this quarter were $324.3 million compared to $229.1 million last year. Tower Cash Flow increased 33.8% to $203.9 million. Net loss was $35.9 million compared to loss of $53.5 million in the prior year quarter.

Biogen Idec Inc (BIIB, Financial): Executive VP and CFO Paul J Clancy Sold 125,815 Shares

Executive VP and CFO of Biogen Idec Inc (BIIB) Paul J Clancy sold 125,815 shares during the past week at an average price of $238.27.

Biogen Idec has a market cap of $58.97 billion; its shares were traded at around $248.13 with a P/E ratio of 36.76 and P/S ratio of 9.95. Biogen Idec Inc had an annual average earnings growth of 14.3% over the past 5 years.

Biogen Idec Inc. has released its second quarter 2013 results ended June 30, 2013. For this quarter, total revenues were $1.7 billion, an increase of 21% compared to the same quarter last year. Non-GAAP EPS were $2.30, an increase of 26% over the prior year quarter.

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

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