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Weekly CEO Sells Highlight: Saba Software Inc, Cubist Pharmaceuticals Inc, Polo Ralph Lauren Corp, Perry Ellis International Inc, and IntercontinentalExchange Inc.

April 25, 2010 | About:
Ryan Vanzo

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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Saba Software Inc, Cubist Pharmaceuticals Inc, Polo Ralph Lauren Corp, Perry Ellis International Inc, and IntercontinentalExchange Inc.

Cubist Pharmaceuticals Inc. (CBST): President and CEO Michael W Bonney sold 184,548 Shares

President and CEO of Cubist Pharmaceuticals Inc. (CBST) Michael W Bonney sold 184,548 shares on 04/22/2010 at an average price of $22.52. Cubist Pharmaceuticals, Inc. is a biopharmaceutical company focused on the research, development and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. Cubist Pharmaceuticals Inc. has a market cap of $1.32 billion; its shares were traded at around $22.7 with a P/E ratio of 14.1 and P/S ratio of 2.3.

On April 15, Cubist Pharmaceuticals, Inc. announced results for the first quarter ended March 31, 2010. GAAP Basic and Diluted Net Income were $0.35 and $0.34 Per Share, Respectively, for 1Q10. NON-GAAP Basic and Diluted Net Income of $0.61 and $0.53 Per Share, Respectively, for 1Q10.

President and CEO Michael W Bonney sold 184,548 shares of CBST stock on 04/22/2010 at the average price of 22.52, the price of the stock has increased by 0.8% since. SVP & CFO David W J Mcgirr sold 27,750 shares of CBST stock on 04/21/2010 at the average price of 22.93, the price of the stock has decreased by 1% since. SVP, Commercial Operations Gregory Stea and EVP, COO Robert J Perez together sold 26,062 shares of CBST stock in April.

Polo Ralph Lauren Corp. (RL): Chairman & CEO, 10% Owner Ralph Lauren sold 120,833 Shares

Chairman & CEO, 10% Owner of Polo Ralph Lauren Corp. (RL) Ralph Lauren sold 120,833 shares on 04/15/2010 at an average price of $90.5. Polo Ralph Lauren Corp. is in the design, marketing and distribution of premium lifestyle products. Polo Ralph Lauren Corp. has a market cap of $9.37 billion; its shares were traded at around $95 with a P/E ratio of 21 and P/S ratio of 1.8. The dividend yield of Polo Ralph Lauren Corp. stocks is 0.4%. Polo Ralph Lauren Corp. had an annual average earning growth of 15.7% over the past 10 years. GuruFocus rated Polo Ralph Lauren Corp. the business predictability rank of 3.5-star.

On March 22, Polo Ralph Lauren Corporation announced that its Board of Directors has declared a regular quarterly dividend of $0.10 per share on Polo Ralph Lauren Corporation Common Stock. The dividend is payable on April 16, 2010 to shareholders of record at the close of business on April 2, 2010.

Chairman & CEO, 10% Owner Ralph Lauren sold 612,532 shares of RL stock in April, March, February, January, and December. Senior Vice President & CFO Tracey Thomas Travis sold 65,000 shares of RL stock in March and December. Director Hubert Joly bought 4,000 shares of RL stock in February and November. President & COO Roger N Farah, Executive Vice President Jackwyn Nemerov, and Director Arnold H Aronson together sold 108,667 shares of RL stock in March and April.

Perry Ellis International Inc. (PERY): Chairman of the Board and CEO, 10% Owner George Feldenkreis sold 125,000 Shares

Chairman of the Board and CEO, 10% Owner of Perry Ellis International Inc. (PERY) George Feldenkreis sold 125,000 shares during the past week at an average price of $24.71. Perry Ellis International, Inc. is a designer, distributor and licensor of men's and women's apparel, accessories, and fragrances. Perry Ellis International Inc. has a market cap of $363.6 million; its shares were traded at around $26.75 with a P/E ratio of 26.3 and P/S ratio of 0.4.

On March 19, Perry Ellis International, Inc. reported results for the fourth quarter and the fiscal year ended January 31, 2010. Fiscal 2010 revenues were in line with company guidance at $754.2 million versus $851.3 million reported in the prior year ended January 31, 2009. The company reported net income of $13.2 million or $1.01 per fully diluted share, compared to a net loss of $12.9 million or $.89 per fully diluted share, for the comparable period last year.

Chairman of the Board and CEO, 10% Owner George Feldenkreis sold 125,000 shares of PERY stock in April. CFO Anita D Britt sold 5,000 shares of PERY stock on 04/14/2010 at the average price of 24.8, the price of the stock has increased by 7.86% since. Chief Information Officer Luis S Paez, General Counsel Cory Shade, and Secretary and Treasurer Fanny Hanono together sold 12,100 shares of PERY stock in April and March. President and COO, 10% Owner Oscar Feldenkreis sold 125,000 shares of PERY stock in April.

IntercontinentalExchange Inc. (ICE): CEO Jeffrey C Sprecher sold 103,300 Shares

CEO of IntercontinentalExchange Inc. (ICE) Jeffrey C Sprecher sold 103,300 shares on 04/21/2010 at an average price of $112.5. IntercontinentalExchange operates the electronic global futures and OTC marketplace for trading energy commodity contracts, including crude oil and refined products, natural gas, power and emissions. Intercontinentalexchange Inc. has a market cap of $8.7 billion; its shares were traded at around $118.26 with a P/E ratio of 26.3 and P/S ratio of 8.8. Intercontinentalexchange Inc. had an annual average earning growth of 48.6% over the past 5 years.

On April 5, IntercontinentalExchange reported record futures volume and average daily volume (ADV) for the first quarter of 2010. Futures ADV increased 28% in the first quarter of 2010, including year-over-year growth of 24% for the month of March 2010. ICE also achieved record average daily commissions (ADC) of $1.37 million in its OTC energy business during the first quarter of 2010, an increase of 27% from the prior first quarter.

CEO Jeffrey C Sprecher sold 1,015,900 shares of ICE stock in April, February, December, and November. CEO Creditex Group Inc Sunil G. Hirani sold 10,000 shares of ICE stock on 12/04/2009 at the average price of 105.71, the price of the stock has increased by 11.87% since. Director Frederick W Schoenhut sold 700 shares of ICE stockin April. Sr VP, Gen. Coun. & Corp. Sec. Johnathan H Short, Director Charles R Crisp and Pres.& COO of ICE Futures Eur. David J Peniket together sold 4,700 shares of ICE stock in April.

Saba Software Inc. (SABA): CEO & Chairman of the Board Babak Yazdani sold 100,000 Shares

CEO & Chairman of the Board of Saba Software Inc. (SABA) Babak Yazdani sold 100,000 shares on 04/21/2010 at an average price of $5.09. Saba Software Inc. is a provider of software and services that enable businesses and governments to create and deploy global networks over the Internet that connect people to learning. Saba Software Inc. has a market cap of $142.6 million; its shares were traded at around $5.11 with a P/E ratio of 23.2 and P/S ratio of 1.4.

On March 25, Saba Software Inc. reported financial results for its third fiscal quarter ended February 28, 2010: License revenue up 17% during the quarter from same period of prior year and up 65% year-to-date; Year-to-date non-GAAP net income up 50% to $6.4 million.

CEO & Chairman of the Board Babak Yazdani sold 100,000 shares of SABA stock on 04/21/2010 at the average price of 5.09, the price of the stock has increased by 0.39% since. 10% Owner Management Llc Diker sold 125,000 shares of SABA stock in October and November.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.

About the author:

guruat
Ryan Vanzo has been working in the financial sector for over six years and has expertise in both the stock market and the economy. Specializing in deep-value investing, Ryan Vanzo has been able to navigate turbulent and calm markets alike.

Rating: 3.0/5 (4 votes)

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