Weekly CFO Sells Highlight: Costco Wholesale Corp, Goldman Sachs Group Inc, NetApp Inc.

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Aug 24, 2014

According to GuruFocus Insider Data, the recent CFO sales were: Costco Wholesale Corp, Goldman Sachs Group Inc, and NetApp Inc.

Costco Wholesale Corp (COST, Financial): Executive VP and CFO Richard A Galanti sold 6,000 Shares

On 08/20/2014, Executive VP and CFO Richard A Galanti sold 6,000 shares at an average price of $121.16. The price of the stock has increased by 011% since. Costco Wholesale Corp has a market cap of $53.16 billion and its shares were traded at around $121.29. The company has a P/E ratio of 27.10 and P/S ratio of 0.49 with a dividend yield of 1.10%. Over the past 10 years, Costco Wholesale Corp had an annual average earnings growth of 10.10%. GuruFocus rated Costco Wholesale Corp the business predictability rank of 5-star.

Costco Wholesale Corp announced their 2014 second quarter results with revenues of $25.79 billion and gross profit of $3.2 billion; the net income was $473 million. The 2013 total revenue was $105.2 billion, a 6% increase from the 2012 total revenue. The 2013 gross profit was $13.2 billion, a 7% increase from the 2012 gross profit. The 2013 net income was $2 billion.

On 08/21/2014, Executive VP Timothy L Rose sold 5,439 shares at an average price of $121.5. The price of the price has decreased by 0.17% since. On 08/15/2014, Chairman of the Board Jeffrey H Brotman sold 161,445 shares at an average price of $118.23. The price of the stock has increased by 2.59%. On 03/14/2014, President and CEO W Craig Jelinek sold 41,444 shares at an average price of $114.01. The price of the stock has increased by 6.39% since.

Goldman Sachs Group Inc. (GS, Financial): Executive Vice President – CFO Harvery M Schwartz sold 32,112 Shares

On 07/23/2014, Executive Vice President – CFO Harvey M Schwartz sold 32,112 shares at an average price of $176.02. The price of the stock has decreased by 0.31% since. Goldman Sachs Group Inc. has a market cap of $77.31 billion and its shares were traded at around $175.47. The company has a P/E ratio of 11.50 and P/S ratio of 2.59 with a dividend yield of 1.23%. Over the past 10 years, Goldman Sachs Group Inc had an annual average earnings growth of 2.10%.

Goldman Sachs Group Inc. announced their 2014 second quarter results with revenues and groups profit of $9.13 billion; the net income was $2 billion. The 2013 total revenue and gross profit was $34.2 billion; the net income was $8.04 billion.

In June, Senior Officer William Reid Webb bought 16,300 shares at an average price of $33.47. On 08/19/2014, EVP- Chief of Staff and Secretary John F.W. Rogers sold 86,692 shares at an average price of $175. The price of the stock has increased by 0.27% since. On 07/28/2014, Vice Chairman Michael S Sherwood sold 18,315 shares at an average price of $175.65. The price of the stock has decreased by 0.1% since.

NetApp Inc. (NTAP, Financial): Executive VP, CFO Nicholas R Noviello sold 11,519 Shares

On 06/04/2014, Executive VP, CFO Nicholas R Novello sold 11,519 shares at an average price of $36.81. The price of the stock has increased by 11.38% since. NetApp Inc. has a market cap of $13.26 billion and its shares were traded at around $41. The company has a P/E ratio of 22.20 and P/S ratio of 2.25 with a dividend yield of 1.50%. Over the past 10 years, Netapp Inc had an annual average earnings growth of 16.00%. GuruFocus rated Netapp Inc the business predictability rank of 3-star.

NetApp Inc. announced their 2014 second quarter results with revenues of $1.65 billion and gross profit of $1.04 billion; the net income was $197 million. The 2014 total revenue was $6.3 billion and the 2014 net income was $637 million; the 2014 gross profit was $3.92 billion, a 4% increase from the 2013 gross profit.

On 08/19/2014, Chairman of the Board and CEO Thomas Georgens sold 150,000 shares at an average price of $41.07. The price of the stock has decreased by 0.17% since. On 08/20/2014, President, Head of Go-to-Mkt Robert E Salmon sold 30,000 shares at an average price of $40.87. The price of the stock has increased by 0.32% since. On 08/19/2014, Exec VP, Product Operations George Kurian sold 10,000 shares at an average price of $41.