Weekly CFO Buys Highlight: Twitter, GenMark Diagnostics, FireEye

Recent insider buys

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Nov 09, 2015
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According to GuruFocus Insider Data, the recent CFO buys were: Twitter Inc. (TWTR, Financial), GenMark Diagnostics Inc. (GNMK, Financial) and FireEye Inc. (FEYE, Financial).

Twitter Inc.: CFO Anthony Noto bought 5,230 shares

On Nov. 2, CFO Anthony Noto bought 5,230 shares at an average price of $29.09 per share. The price of the stock has decreased by 2.78%. Twitter has a market cap of $19.25 billion and its shares were traded at around $28.28 per share. The company has a P/S ratio of 10.10.

Twitter announced its 2015 second-quarter results with revenues of $502.38 million and gross profit of $334.76 million; the net income was $136.66 million. The 2014 total revenue was $1.4 billion, a 111% increase from the 2013 total revenue. The 2014 gross profit was $956.69 million, a 140% increase from the 2013 gross profit. The 2014 net income was $577.82 million.

On Aug. 7, Director Peter H. Fenton bought 7,260 shares at an average price of $27.73 per share. The price of the stock has increased by 1.98%. On Aug. 7, Director Peter L. S. Currie bought 9,200 shares at an average price of $27.03 per share. The price of the stock has increased by 4.62%. On Aug. 7, Chairman Jack Dorsey bought 31,627 shares at an average price of $27.67 per share. The price of the stock has increased by 2.2%.

GenMark Diagnostics Inc.: CFO Scott Mendel bought 10,000 shares

On Oct. 30, CFO Scott Mendel bought 10,000 shares at an average price of $6.47 per share. The price of the stock has increased by 10.66%. GenMark Diagnostics has a market cap of $269.936 million and its shares were traded at around $7.16 per share. The company has a P/S ratio of 8.33.

GenMark Diagnostics announced its 2015 second-quarter results with revenues of $7.65 million and gross profit of $4.36 million; the net income was $12.15 million. The 2014 total revenue was $30.59 million, a 12% increase from the 2013 total revenue. The 2014 gross profit was $17.47 million, a 48% increase from the 2013 gross profit. The 2014 net income was $38.26 million.

On Sept. 11, President and CEO Hany Massarany sold 1,683 shares at an average price of $9.64 per share. The price of the stock decreased by 25.73%. On Nov. 3, Director Kevin C. Oboyle bought 4,500 shares at an average price of $6.71 per share. The price of the stock has increased by 6.71%. On Nov. 3, Director Lisa M. Giles bought 4,000 shares at an average price of $6.6 per share. The price of the stock increased by 8.48%.

FireEye Inc.: SVP and CFO Michael J. Berry bought 13,500 shares

On Nov. 6, SVP and CFO Michael J. Berry bought 13,500 shares at an average price of $22.68 per share. The price of the stock has increased by 5.07%. FireEye has a market cap of $4.17 billion and its shares were traded at around $23.83 per share. The company has a P/S ratio of 6.23.

FireEye announced its 2015 second-quarter results with revenues of $147.21 million and gross profit of $91.1 million; the net income was $133.57 million. The 2014 total revenue was $425.66 million, a 163% increase from the 2013 total revenue. The 2014 gross profit was $250.57 million, a 120% increase from the 2013 gross profit. The 2014 net income was $443.79 million.

On Nov. 6, CEO David G. Dewalt bought 22,500 shares at an average price of $22.65. The price of the stock has increased by 5.21%. On Oct. 22, Chief Strategy Officer Ashar Aziz sold 188,434 shares at an average price of $29.19 per share. The price of the stock has decreased by 18.36%. On Oct. 16, Director Ronald E. F. Codd sold 3,000 shares at an average price of $30.39 per share. The price of the stock has decreased by 21.59%.