Weekly CEO Buys Highlight

Insiders invest in Paycom, Intrexon, Akamai, Inovalon, Covanta

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Dec 19, 2016
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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:

Paycom Software Inc. CEO bought 25,000 shares

Chad R. Richison, president, CEO and 10% owner of Paycom Software Inc. (PAYC, Financial), bought 25,000 shares for $45.73 per share on Dec. 13. The stock price has increased by 0.42% since then.

Paycom is a provider of cloud-based HCM software solutions delivered as software-as-a-service (saas). It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The company has a market cap of $2.76 billion. As of Dec. 16, its shares traded at $45.92 with a price-earnings (P/E) ratio of 67.73.

Total revenues of $77.3 million for the third quarter represented a 40% increase compared to total revenues of $55.3 million in the same period last year. Net income was $6.2 million compared to net income of $3.8 million from the prior-year period.

Intrexon Corp. CEO bought 34,606 shares

Randal J. Kirk, CEO and 10% owner of Intrexon Corp. (XON, Financial), bought 34,606 shares for $28.90 per share on Dec. 13. The stock price has decreased by 1.9% since then.

Intrexon is a synthetic biology company that designs, builds and regulates gene programs using its proprietary and complementary technologies. The company has a market cap of $3.36 billion. As of Dec. 16, its shares traded at $28.35 with a P/E ratio of -19.01.

Total revenues for the third quarter were $49.0 million, a decrease of 8% from the third quarter of 2015.

Senior Vice President of Finance Joel D. Liffman bought 8,500 shares for $28.62 per share on Dec. 12. The price of the stock has decreased by 0.94% since then.

Director Fred Hassan bought 6,900 shares for $29.02 per share on Dec. 1. The price of the stock has decreased by 2.31% since then.

Akamai Technologies Inc. CEO bought 14,828 shares

F. Thomson Leighton, CEO of Akamai Technologies Inc. (AKAM, Financial), bought 14,828 shares for $67.43 per share on Dec. 15. The stock price has decreased by 0.36% since then.

Akamai provides cloud services for delivering, optimizing and securing online content and business applications. The company has a market cap of $11.64 billion. As of Dec. 16, its shares traded at $67.19 with a P/E ratio of 38.15.

Revenue for the third quarter was $584 million, a 6% increase over third quarter 2015 revenue of $551 million.

Director Paul Sagan sold 23,258 shares for $64.84 per share on Dec. 7. The price of the stock has increased by 3.62% since then.

Inovalon Holdings Inc. CEO bought 100,000 shares

Keith R. Dunleavy, CEO, chairman and 10% owner of Inovalon Holdings Inc. (INOV, Financial),  bought 100,000 shares for $9.21 per share on Dec. 14. The stock price has increased by 2.06% since then.

Inovalon is a technology company. It combines cloud-based data analytics and data-driven intervention platforms to achieve meaningful insight and improvement in clinical and quality outcomes, utilization and financial performance in health care. The company has a market cap of $592.73 million. As of Dec. 16, its shares traded at $9.40 with a P/E ratio of 33.57.

Revenue for the third quarter was $105.0 million, down slightly from $105.5 million for the third quarter of 2015. Net income for the third quarter was $7.8 million, down from $10.1 million for the third quarter of 2015.

Director William D. Green bought 30,000 shares for $9.29 per share on Dec. 16. The price of the stock has increased by 1.18% since then.

Covanta Holding Corp. CEO bought 30,000 shares

 Stephen J. Jones, president and CEO of Covanta Holding Corp. (CVA, Financial) bought 30,000 shares for $14.81 per share on Dec. 13. The stock price has increased by 3.65% since then.

Covanta is a developer, owner and operator of infrastructure for the conversion of waste to energy, known as 'energy-from-waste', as well as other waste disposal and renewable energy production businesses. The company has a market cap of $1.99 billion. As of Dec. 16, its shares traded at $15.35 with a P/E ratio of 30.64.

Revenue for the third quarter was $421 million compared to $422 million from the prior-year period. Net income was $54 million compared to $34 million last year.

Director Joseph M. Holsten bought 20,000 shares for $14.34 per share on Dec. 8. The stock price has increased by 7.04% since then.

For the complete list of stocks bought by 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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