According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
PJT Partners CEO bought 35,000 shares
PJT Partners Inc. (PJT, Financial) Chairman and CEO Paul J. Taubman bought 35,000 shares for $29.73 per share on Nov. 15. The stock price has increased by 0.91% since.
PJT is an independent financial advisory firm. It provides strategic advisory, restructuring and reorganization and funds advisory services to corporations, financial sponsors, institutional investors and governments. The company has a market cap of $1.02 billion. As of Nov. 18 its shares traded at $30 per share with a price-earnings (P/E) ratio of -15.56.
Total revenues for the three months ended Sept. 30 were $121.3 million compared with $147.3 million for the three months ended Sept. 30, 2015.
Taubman also bought 789 shares for $29.65 per share on Nov. 15. The stock price has increased by 1.18% since.
Akamai Technologies CEO bought 15,245 shares
Akamai Technologies Inc. (AKAM, Financial) CEO F. Thomson Leighton bought 15,245 shares for $65.58 per share on Nov. 15. The stock price has increased by 1.31% since.
Akamai provides cloud services for delivering, optimizing and securing online content and business applications. The company has a market cap of $11.51 billion. As of Nov. 18 its shares traded at $66.44 with a P/E ratio of 37.73.
Revenue for the third quarter was $584 million, a 6% increase over third-quarter 2015 revenue of $551 million. Net income was $76 million, a 14% decrease from third-quarter 2015.
Executive Vice President Platform Robert Blumofe sold 2,000 shares for $69.39 per share on Nov. 1. The stock price has decreased by 4.25% since.
President and General Manager of the Web Division Rick M. McConnell sold 12,899 shares for $57.98 per share on Oct. 24. McConnell also sold 20,000 shares for $67.5 per share on Oct. 28. The stock price has decreased by 1.57% since.
Executive Vice President and Chief Human Resources Officer James Gemmell sold 1,869 shares for $67.79 per share on Oct. 27. The stock price has decreased by 1.99% since.
Executive Vice President and General Counsel Melanie Haratunian sold 20,487 shares for $57.94 per share on Oct. 24. The stock price has increased by 14.67% since.
American Axle and Manufacturing Holdings CEO bought 50,000 shares
American Axle and Manufacturing Holdings Inc. (AXL, Financial) Chairman and CEO David C. Dauch bought 50,000 shares for $14.47 per share on Nov. 14. The stock price has increased by 8.29% since.
American Axle manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. The company has a market cap of $1.2 billion. Its shares traded at $15.67 with a P/E ratio of 4.78 as of Nov. 18.
American Axle's net income in the third quarter was $61.7 million. This compares to net income of $60.9 million in the third quarter of 2015.
Director Samuel Valenti III bought 10,000 shares for $13.44 per share on Nov. 9. The stock price has increased by 16.59% since.
NGL Energy Partners CEO bought 30,000 shares
NGL Energy Partners LP (NGL, Financial) CEO H. Michael Krimbill bought 30,000 shares for $18.13 per share on Nov. 15. The stock price has increased by 1.49% since.
NGL purchases propane, butane and other natural gas liquids from refiners, processing plants, producers and other parties and sells the product to retailers, refiners and other participants in the wholesale markets. The company has a market cap of $1.98 billion. As of Nov. 18 its shares traded at $18.40 per share with a P/E ratio of -24.73.
Revenue for the second quarter of fiscal 2017 totaled $3.05 billion; operating loss was $35.8 million compared to operating income of $18.3 million during the second quarter of fiscal 2016
Director James M. Collingsworth bought 20,000 shares for $17.52 per share on Nov. 14. The stock price has increased by 5.02% since.
Black Stone Minerals CEO bought 27,800 shares
Black Stone Minerals LP (BSM, Financial) President, CEO and Chairman Thomas L. Carter Jr. bought 27,800 shares for $17.93 per share during the past week. The stock price has increased by 4.68% since.
Black Stone is the owner of oil and natural gas mineral interests in the U.S. The company also owns nonoperated working interests in certain oil and natural gas properties. Black Stone has a market cap of $3.58 billion. As of Nov. 18 its shares traded at $18.77 per share with a P/E ratio of -264.37.
The company reported oil and gas revenues of $81.8 million for the third quarter, an increase of 7% from $76.3 million for the third quarter of 2015.
Carter bought 10,800 shares for $17.83 per share on Nov. 14. He purchased 14,000 shares for $17.94 per share on Nov. 16 and bought another 3,000 shares for $18.21 per share on Nov. 17. The stock price has increased by 3.08% since.
For the complete list of stocks bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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