Weekly CFO Sells Highlight: Gilead Sciences Inc., Prudential Financial Inc., Ocwen Financial Corp, Facebook Inc.

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Nov 25, 2013
According to GuruFocus Insider Data, the CFO and other executive sales during the past month were: Gilead Sciences Inc.,Prudential Financial Inc., Ocwen Financial Corporation and Facebook Inc.

Gilead Sciences Inc. (GILD, Financial): SVP and CFO Robin L. Washington Sold 2,869 Shares

SVP and CFO Robin L. Washington recently sold 2,869 shares on 11/06/2013 at an average price of $68.63. The price of the stock has increased by 8.22% since. Gilead Sciences Inc has a market cap of $113.88 billion. Over the past five years, it has had an annual average earnings growth of 14.80%; additionally, its shares were traded at around $74.27 with a P/E ratio of 40.70 and P/S ratio of 11.66.

Gilead Sciences Inc. announced their 2013 third quarter results with revenues of $2.78 billion. The company’s net income is $789 million and has a gross profit of $2.1 billion. Gilead Sciences Inc.’s operating income is $1.15 billion. Total revenues for the third quarter of 2013 increased 15 percent from $2.43 billion for the third quarter of 2012. In 2012, the total revenue was $9.7 billion with a gross profit of $7.23 billion; the net income was $2.59 billion.

On 11/14/2013, President and COO John F. Milligan sold 395,635 shares at an average price of $74.27; also, EVP, R&D and CSO Norbert W. Bischofberger sold 90,000 shares at the average price of $68.86. The price of the stock has increased by 7.86% since. Chairman and CEO John C. Martin sold 282,242 shares on 11/01/2013 at the average price of $70.83. EVP, Corp and Med Affairs Gregg H. Alton sold 30,000 shares on 11/01/2013 at the average price of $70.79 and EVP, Commericial Operations Kevin Young sold 75,000 shares at the average price of $68.56 on 10/23/2013.

Prudential Financial Inc. (PRU, Financial): Vice Chairman Mark B. Grier Sold 280,902 Shares

On 11/18/2013, Vice Chairman Mark B. Grier sold 280,902 shares at an average price of $90.07. The price of the stock has increased by 0.86% since. Prudential Financial Inc. has a market cap of $41.7 billion; its dividend yield of stocks is 1.92%. Prudential Financial Inc. has a P/S ratio of 0.54.

Prudential Financial Inc. announced its 2013 third quarter results with revenues of $11.343 billion. The company’s net income is $1.042 billion with a gross profit of $5.558 billion. In 2012, the total revenue is $84.815 billion and the gross profit is $18.18 billion; the net income is $469 million.

Senior Vice President Richard F. Lambert sold 2,610 shares on 11/11/2013 at the average price of $87.27. The price has increased by 4.4% since. On 11/13/2013 EVP and General Counsel Susan L. Blount sold 6,000 shares at the average price of $87.05. Director Colin John Carson bought 200,000 shares on 7/17/2013 at the average price of $0.00. Additionally, Director Jeffrey Allan Quartermaine bought 88,100 shares on 7/19/2013 at the average price of $0.00.

Ocwen Financial Corporation (OCN, Financial): CFO Ocwen Mortgage Servicing Nikhil Malik Sold 7,500 Shares

On 08/22/2013, CFO, Ocwen Mortgage Servicing Nikhil Malik sold 7,500 shares at the average price of $50.49. The price of the stock has increased by 8.93% since. Ocwen Financial Corporation’s shares were traded at around $55.00 with a P/E ratio of 31.40 and P/S ratio of 4.44. It has a market cap of $7.47 billion. Over the past 10 years, the company had an annual average earnings growth of 4.80%.

Ocwen Financial Corporation announced their 2013 third quarter results with revenues of $528.3 million. The company has a net income of $67 million and total assets of $5.312 billion. In 2012, the total revenue was $845 million with a net income of $180.9 million.

On 11/21/2013, Director Barry N. Wish sold 250,000 shares at an average price of $55.00. EVP, Gen. Counsel and Secretary Timothy M. Hayes bought 1,000 shares of the OCN stock at the average price of $52.44 on 11/18/2013. The price of the stock has increased by 4.88% since. Over the past week, Director, Senior Officer Richard Basil Gordan bought 10,000 shares at the average price of $0.22. Richard Basil Gordan owns 1,426,307 shares after this.

Facebook Inc. (FB, Financial): CFO David A. Eberman Sold 11,700 shares

On 11/13/2013, CFO David A. Ebersman sold 11,700 shares at the average price of $46.21 and on 11/12/2013, he sold 911,700 shares. Facebook Inc. has a market cap of $113.49 billion; its shares were traded at an average price of $46.23. The company has a P/E ratio of 114.50 and P/S ratio of 17.70.

Facebook Inc. announced its 2013 third quarter results with revenues of $2.015 billion and a gross profit of $1.509 billion. The company has a net income of $422 million. In 2012, the total revenue was $5.089 billion with a gross profit of $3.725 billion; the net income was $32 million.

On 11/20/2013, Sheryl Sandberg, the COO of Facebook Inc., sold 283,334 shares at an average price of $46.23. The price of the stock has decreased by 1.43% since. On 11/18/2013, Chief Accounting Officer Jas Athwal sold 10,000 shares and Chief Technology Officer Michael Todd Schroepfer sold 25,000 shares both at the average price of $48.46. The price of the stock has decreased by 4.6% since. On 11/12/2013 VP, Gen. Counsel and Secretary Colin Stretch sold 2,977 shares at the average price of $46.00. Additionally, on 11/07/2013, VP Marketing and Bus Part David B. Fischer sold 36,000 shares at the average price of $49.77.

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