Weekly CFO Buys Highlights

Insiders invest in Orion Energy, Foundation Building Materials, ChannelAdvisor

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Feb 23, 2017
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According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were: Orion Energy Systems Inc. (OESX, Financial), Foundation Building Materials Inc. (FBM, Financial) and ChannelAdvisor Corp. (ECOM, Financial).

Orion Energy Systems CFO bought 44,851 shares

Orion Energy Systems CFO William T. Hull bought 44,851 shares for $1.8 per share on Feb. 21. The stock price has increased by 1.67%.

Orion Energy Systems has a market cap of $51.790 million, and its shares were traded around $1.83. The company has a price-sales (P/S) ratio of 0.71.

Orion Energy Systems announced its 2016 fourth-quarter results with revenues of $20.62 million and gross profit of $6.16 million while the net loss was $1.09 million. The 2015 total revenue was $72.21 million, a 19% decrease from the 2014 total revenue. The 2015 gross profit loss was $1.14 million, a 95% decrease from the 2014 gross profit. The 2015 net loss was $32.06 million.

Director John H. Scribante bought 20,000 shares for $1.76 per share on Feb. 21. The stock price has increased by 3.98%. Director Anthony L. Otten bought 2,000 shares for $1.91 per share on Feb. 13. The stock price has decreased by 4.19%.

Foundation Building Materials CFO bought 12,000 shares

Foundation Building Materials CFO John Gorey bought 12,000 shares for $14 per share on Feb. 15. The stock price has increased by 9.14%.

Foundation Building Materials has a market cap of $653.590 million, and its shares were traded around $15.28.

Three other company insiders bought shares on Feb. 15. Each purchase was for $14 per share. President and CEO Ruben Mendoza bought 65,330 shares. Vice President Business Development James R. Carpenter bought 7,500 shares. Senior Vice President Sales and Marketing Alan Kirby Thompson also bought 7,500 shares.

ChannelAdvisor CFO bought 10,000 shares

CFO Mark Cook bought 10,000 shares for $10.67 per share on Feb. 16. The stock price has increased by 0.56%.

ChannelAdvisor has a market cap of $278.560 million, and its shares were traded around $10.73. The company has a P/S ratio of 2.43.

ChannelAdvisor Corp announced its 2016 fourth-quarter results with revenues of $31.76 million and gross profit of $24.73 million; the net was $5.84 million. The 2016 total revenue was $113.2 million, a 13% increase from the 2015 total revenue. The 2016 gross profit was $85.58 million, a 14% increase from the 2015 gross profit. The 2016 net loss was $8 million.

Executive Chairman M. Scot Wingo sold 99,000 shares for $10.89 per share on Feb. 17. The stock price has decreased by 1.47%.

Disclosure:Â None.

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