Weekly CFO Sells Highlight: EGHT, PETM, IRM, UXG, DFT

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May 29, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: 8x8 Inc, PetSmart Inc, Iron Mountain, U S GOLD CORP, and DUPONT FABROS TECHNOLOGY INC.


8x8 Inc (EGHT, Financial): CFO Daniel Weirich Sold 111,641 Shares

CFO of 8x8 Inc (EGHT) Daniel Weirich sold 111,641 shares on 05/26/2011 at an average price of $3.5. 8X8, Inc. (formerly Netergy Networks Inc.), and its two subsidiaries, Netergy Microelectronics and Centile, Inc. 8x8 Inc has a market cap of $219.6 million; its shares were traded at around $3.46 with a P/E ratio of 32 and P/S ratio of 3.2.


8x8 Inc has recently released its fourth quarter 2011 results. For this quarter, the company reported revenues of $18.2 million compared to $15.9 million prior year quarter. Net income was $2.01 million compared to $1.11 million prior year quarter.


Sell: CFO Daniel Weirich sold 111,641 shares of EGHT stock on 05/26/2011 at the average price of 3.5. Daniel Weirich owns at least 937,080 shares after this. The price of the stock has decreased by 1.14% since. Director Donn R Wilson sold 10,000 shares of EGHT stock on 05/27/2011 at the average price of 3.5.


PetSmart Inc. (PETM, Financial): SVP CFO Lawrence Molloy Sold 97,669 Shares

SVP CFO of PetSmart Inc. (PETM) Lawrence Molloy sold 97,669 shares on 05/23/2011 at an average price of $45.06. PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $5.06 billion; its shares were traded at around $45.17 with a P/E ratio of 21.9 and P/S ratio of 0.9. The dividend yield of Petsmart Inc. stocks is 1.1%. Petsmart Inc. had an annual average earnings growth of 17% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.


For its first quarter 2011, PetSmart Inc. reported net income of $71 million compared to $56 million prior year quarter. Also, total sales for the quarter increased 6.8% to $1.5 billion.


Sell: SVP CFO Lawrence Molloy sold 97,669 shares of PETM stock on 05/23/2011 at the average price of 45.06. Lawrence Molloy owns at least 18,036 shares after this. The price of the stock has increased by 0.24% since. Executive Chairman of Board Philip L Francis sold 95,000 shares of PETM stock on 05/19/2011 at the average price of 45.71. Chief Information Officer Donald E Beaver sold 136,917 shares of PETM stock on 05/19/2011 at the average price of 44.6. EVP Store Operations, HR & IS David K Lenhardt sold 37,500 shares of PETM stock on 05/26/2011 at the average price of 45.42.SVP Marketing John William Alpaugh sold 35,892 shares of PETM stock on 05/24/2011 at the average price of 45.06.


Iron Mountain (IRM, Financial): CFO Brian P Mckeon Sold 83,138 Shares

CFO of Iron Mountain (IRM) Brian P Mckeon sold 83,138 shares on 05/25/2011 at an average price of $32.86. Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain has a market cap of $6.69 billion; its shares were traded at around $33.98 with a P/E ratio of 28.1 and P/S ratio of 2.1. The dividend yield of Iron Mountain stocks is 2.3%. Iron Mountain had an annual average earnings growth of 12.2% over the past 10 years. GuruFocus rated Iron Mountain the business predictability rank of 4-star.


Iron Mountain has released its first quarter 2011 results. For this quarter, the company reported consolidated revenues of $799 million- a 3% increase from prior year quarter. Net income was $73 million compared to $26 million prior year quarter.


CFO Brian P Mckeon sold 83,138 shares of IRM stock on 05/25/2011 at the average price of 32.86. Brian P Mckeon owns at least 6,404 shares after this. The price of the stock has increased by 3.41% since.


U S GOLD CORP (UXG, Financial): Vice President, CFO Perry Ing Sold 74,000 Shares

Vice President, CFO of U S GOLD CORP (UXG) Perry Ing sold 74,000 shares on 05/20/2011 at an average price of $6.65. U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States. U S Gold Corp has a market cap of $924.1 million; its shares were traded at around $6.86 .


Vice President, CFO Perry Ing sold 74,000 shares of UXG stock on 05/20/2011 at the average price of 6.65. Perry Ing owns at least 16,833 shares after this. The price of the stock has increased by 3.16% since.


DUPONT FABROS TECHNOLOGY INC. (DFT, Financial): CFO Mark L Wetzel Sold 56,585 Shares

CFO of DUPONT FABROS TECHNOLOGY INC. (DFT) Mark L Wetzel sold 56,585 shares on 05/25/2011 at an average price of $25.07. DuPont Fabros Technology, Inc. is a owner, developer, operator and manager of wholesale data centers and a real estate investment trust. Dupont Fabros Technology Inc. has a market cap of $1.51 billion; its shares were traded at around $25.79 with a P/E ratio of 17.5 and P/S ratio of 6.3. The dividend yield of Dupont Fabros Technology Inc. stocks is 2%.


DUPONT FABROS TECHNOLOGY INC. recently released its first quarter 2011 results. The company reported total revenues of $68.5 million compared with $56.9 million prior year quarter. Net income was $17.6 million compared to $5.23 million prior year quarter.


Sell: CFO Mark L Wetzel sold 56,585 shares of DFT stock on 05/25/2011 at the average price of 25.07. Mark L Wetzel owns at least 182,985 shares after this. Other insiders have sold shares of DFT stock as well.


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