Weekly CFO Sells Highlight: KKD, OSUR, LVLT, OVTI

According to GuruFocus Insider Data, the largest CFO sells during the past week were: Krispy Kreme Doughnuts Inc., OraSure Technologies Inc., Level 3 Communications Inc. and Omnivision Technologies Inc.

Krispy Kreme Doughnuts Inc. (KKD, Financial): CFO Douglas R. Muir Sold 181,000 Shares

CFO of Krispy Kreme Doughnuts Inc. (KKD) Douglas R. Muir sold 181,000 shares on 06/30/2011 at an average price of $9.48. Krispy Kreme Doughnuts Inc. is a branded specialty retailer of premium quality doughnuts which are made throughout the day in our stores. Krispy Kreme Doughnuts Inc. has a market cap of $644.85 million; its shares were traded at around $9.55 with a P/E ratio of 53.06 and P/S ratio of 1.78. Krispy Kreme Doughnuts Inc. had an annual average earnings growth of 50.8% over the past five years.


Krispy Kreme Doughnuts Inc. has released its first quarter 2012 results. For this quarter, the company reported revenues of $104.6 million, a 13.6% increase from the $92.1 million prior year quarter. Net income was $9.2 million compared to $4.5 million last year and operating income was $9.8 million compared to $6.1 million last year.


CFO Douglas R. Muir sold 181,000 shares of KKD stock on 06/30/2011 at the average price of 9.48. Douglas R. Muir owns at least 82,095 shares after this. The price of the stock has increased by 0.74% since.

OraSure Technologies Inc. (OSUR, Financial): COO & CFO Ronald H. Spair Sold 65,000 Shares

COO & CFO of OraSure Technologies Inc. (OSUR) Ronald H. Spair sold 65,000 shares on 07/06/2011 at an average price of $9.06. OraSure Technologies, Inc. is the market leader for oral fluid diagnostics. Orasure Technologies Inc. has a market cap of $463.61 million; its shares were traded at around $9.93 with and P/S ratio of 6.18.


During its first quarter 2011, OraSure Technologies Inc. reported total revenues of $17.4 million compared to $17.9 million prior year quarter. Net loss for the company was $2.6 million compared to a net loss of $2.2 million prior year quarter.


COO & CFO Ronald H. Spair sold 65,000 shares of OSUR stock on 07/06/2011 at the average price of 9.06. Ronald H. Spair owns at least 332,741 shares after this. The price of the stock has increased by 9.6% since.

Level 3 Communications Inc. (LVLT, Financial): Executive VP and CFO Sunit S. Patel Sold 64,300 Shares

Executive VP and CFO of Level 3 Communications Inc. (LVLT) Sunit S. Patel sold 64,300 shares on 07/05/2011 at an average price of $2.44. Level 3 Communications is an international communications and information services company. Level 3 Communications Inc. has a market cap of $4.42 billion; its shares were traded at around $2.59 with and P/S ratio of 1.21.


Level 3 Communications Inc. has released its first quarter 2011 results. For this quarter, the company reported net loss of $205 million compared to a net loss of $52 million prior year quarter. Consolidated revenues increased 2% year over year to $929 million.


CEO James Q. Crowe sold 195,600 shares of LVLT stock on 07/05/2011 at the average price of 2.51. Executive VP and CFO Sunit S Patel sold 64,300 shares of LVLT stock on 07/05/2011 at the average price of 2.44. Sunit S. Patel owns at least 2,305,343 shares after this. The price of the stock has increased by 6.15% since. President and COO Jeffrey K. Storey sold 96,000 shares of LVLT stock on 07/05/2011 at the average price of $2.51. Vice Chairman and Executive VP Charles C. Miller III sold 56,500 shares of LVLT stock on 07/05/2011 at the average price of $2.50. Other insiders also sold shares of LVLT stock on 07/05/2011.

OmniVision Technologies Inc. (OVTI, Financial): CFO/VP of Finance Anson Hoi-fung Chan Sold 50,000 Shares

CFO/VP of Finance of OmniVision Technologies Inc. (OVTI) Anson Hoi-fung Chan sold 50,000 shares on 07/01/2011 at an average price of $35. OmniVision Technologies Inc. designs, develops and markets high-performance, high-quality and cost-efficient semiconductor imaging devices for computing, communications and consumer electronics applications. Omnivision Technologies Inc. has a market cap of $1.97 billion; its shares were traded at around $33.64 with a P/E ratio of 15.87 and P/S ratio of 2.06.


For its fourth quarter 2010, OmniVision Technologies Inc. reported revenues of $258.3 million compared to $265.7 million prior year quarter. GAAP net income during this quarter was $34 million compared to $44.7 million last year.


CFO/VP of Finance Anson Hoi-fung Chan sold 50,000 shares of OVTI stock on 07/01/2011 at the average price of $35. Anson Hoi-fung Chan owns at least 21,710 shares after this. The price of the stock has decreased by 3.89% since. VP of Engineering Hongli Yang and President & CEO. Shaw Hong both also sold shares of OVTI stock.


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