Weekly CFO Buys Highlight: Biolase, AES Corporation, FireEye

Recent insider buys from company CFOs

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Nov 16, 2015
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According to GuruFocus Insider Data, the recent CFO buys were: Biolase Inc. (BIOL, Financial), The AES Corporation (AES, Financial), and FireEye Inc. (FEYE, Financial).

Biolase Inc.: SVP / CFO David C. Dreyer bought 33,000 shares

On Nov. 9, SVP / CFO David C. Dreyer bought 33,000 shares at the average price of 77 cents per share. Biolase has a market cap of $61.139 million and its shares were traded at around $1.05. The company has a P/S ratio of 1.27. Over the past five years, Biolase had an annual average earnings growth of 31.00%.

Biolase announced its 2015 second-quarter results with revenues of $11.87 million and gross profit of $3.7 million; the net income was $7.04 million. The 2014 total revenue was $47.66 million, a 16% decrease from the 2013 total revenue. The 2014 gross profit was $18.17 million, a 16% decrease from the 2013 gross profit. The 2014 net income was $18.93 million.

On Nov. 9, President and CEO Harold C. Flynn Jr. bought 50,000 shares at the average price of 77 cents per share. On Nov. 11, 10% owner Larry N. Feinberg bought 54,800 shares at the average price of 79 cents per share. On Nov. 10, Director Paul N. Clark bought 134,579 shares at the average price of 75 cents per share.

The AES Corporation: EVP and CFO Thomas M. O'Flynn bought 20,000 shares

On Nov. 10, EVP and CFO Thomas M. O'Flynn bought 20,000 shares at an average price of $10.08 per share. The price of the stock has decreased by 2.78%. The AES Corporation has a market cap of $6.59 billion and its shares were traded at around $9.80 per share. The company has a P/E ratio of 11.60 and P/S ratio of 0.44 with a dividend yield of 4.08%.

The AES Corporation announced its 2015 third-quarter results with revenues of $3.72 billion and gross profit of $673 million; the net income was $180 million. The 2014 total revenue was $17.15 billion, an 8% increase from the 2013 total revenue. The 2014 gross profit was $3.09 billion, a 5% decrease from the 2013 gross profit. The 2014 net income was $769 million.

On Nov. 9, President and CEO Andres Gluski bought 20,250 shares at an average price of $9.88 per share. The price of the stock has decreased by 0.81%. On Nov. 12, Sr. VP and CIO Elizabeth Hackenson bought 5,000 shares at an average price of $9.81. The price of the stock has decreased by 0.1%. On Nov. 11, Sr. VP and COO Bernerd Da Santos bought 5,000 shares at an average price of $10.13. The price of the stock has decreased by 3.26%.

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. The price of the stock has decreased by 1.9%. FireEye has a market cap of $3.57 billion, and its shares were traded at around $22.25 per share. The company has a P/S ratio of 5.81.

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 per share. The price of the stock has decreased by 1.77%. 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 23.78%. On Oct. 16, Director Ronald E. F. Codd sold 3,000 shares at an average price of $30.39. The price of the stock has decreased by 26.79%.