Weekly CFO Buys Highlight

Recent insider buys from company CFOs

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Jun 13, 2016
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According to GuruFocus Insider Data, the recent CFO buys were: Orion Energy Systems Inc. (OESX, Financial), Sequenom Inc. (SQNM, Financial) and Energy Recovery Inc. (ERII, Financial).

Orion Energy Systems Inc.: CFO William T Hull bought 57,065 shares

Orion Energy Systems announced its 2015 fourth-quarter results with revenues of $16.75 million and gross profit of $4.71 million, while the net loss was $2 million. The 2015 total revenue was $72.21 million, a 19% decrease from the 2014 total revenue. The 2015 gross loss was $1.14 million, a 95% decrease from the 2014 gross profit. The 2015 net loss was $32.06 million.

On June 7, Hull bought 57,065 shares at an average price of $1.38. The price of the stock has decreased by 7.97%. On June 8, Executive Vice President Marc Meade bought 3,500 shares at an average price of $1.43. The price of the stock has decreased by 11.19%. On June 7, Director Anthony L. Otten bought 1,000 shares at an average price of $1.35. The price of the stock has decreased by 5.93%.

Sequenom Inc.: SVP and CFO Carolyn Beaver bought 10,000 shares

On June 9, Beaver bought 10,000 shares at an average price of $1.10. Sequenom Inc. has a market cap of $131.138 million and its shares were traded around $1.10. The company has a P/S ratio of 1.10.

Sequenom announced its 2015 fourth-quarter results with revenues of $27.81 million and gross profit of $11.83 million, while the net loss was $12.16 million. The 2015 total revenue was $128.28 million, a 15% decrease from the 2014 total revenue. The 2015 gross profit was $61.33 million, a 10% decrease from the 2014 gross profit. The 2015 net loss was $16.33 million.

On June 8, President and CEO Den Boom Dirk Van bought 40,000 shares at an average price of $1.09. The price of the stock has increased by 0.92%. On June 9, Secretary Jeffrey D Linton bought 5,000 shares at an average price of $1.1. On May 11, SVP and CMO Daniel S Grosu bought 30,000 shares at an average price of $1.11. The price of the stock has decreased by 0.9%.

Energy Recovery Inc.: CFO Chris M Gannon bought 6,350 shares

On June 6, Gannon bought 6,350 shares at an average price of $10.96. The price of the stock has decreased by 1.82%. Energy Recovery Inc. has a market cap of $563.114 million and its shares were traded around $10.76. The company has a P/S ratio of 11.19.

Energy Recovery announced its 2016 first-quarter results with revenues of $11.3 million and gross profit of $7.63 million, while the net loss was $1.97 million. The 2015 total revenue was $44.71 million, a 47% increase from the 2014 total revenue. The 2015 gross profit was $25.6 million, a 53% increase from the 2014 gross profit. The 2015 net loss was $11.64 million.

On May 24, VP of Corporate Strategy Eric Siebert bought 21,389 shares at an average price of $9.51. The price of the stock has increased by 13.14%. On March 11, Director Robert Yu Lang Mao bought 40,000 shares at an average price of $9.45. The price of the stock has increased by 13.86%. On May 17, VP of Human Resources Andrew B Stroud Jr. sold 2,700 shares at an average price of $11.11. The price of the stock has decreased by 3.15%.

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