Thomas Carson (Insider Trades), president and CEO of entertainment company Rovi Corp. (ROVI), purchased 10,000 shares of the company on July 6, 2015. The average price per share was $15.88, for a transaction total of $158,800. Rovi Corp. powers top entertainment brands worldwide by providing products through a cloud-based platform. Rovi has a market cap of 1.49 billion and a P/S ratio of 2.57.
Insider transactions with this company have been predominantly sells since January 2012; Carson’s two buys for a total of 25,000 shares were the only insider buys of Rovi Corp throughout the past three years. In comparison, Carson has sold 525,055 shares of this company in 32 transactions during the same period of time. Rovi CFO Peter Halt (Insider Trades), sold 3,284 shares of the company at an average price of $15.92 per share on July 2, 2015. Rovi COO and Executive Vice President John Burke (Insider Trades), also sold 4,259 shares of the company at an average price of $17.39 per share on May 4, 2015.
The month-end price decreased from an average price of $62.01 per share in December 2010, to an average price of $22.59 per share in December 2014. 
Month-end price is indirectly correlated with insider sells number and volume. 
EPS for the trailing 12 months is -$0.35. This company has a business predictability rating of 2 out of 5 stars. For more information about business predictability rank, click here.
Revenue of this company decreased 6% since the first quarter of 2014, from $142 million to $134 million in the first quarter of 2015. This company also experienced net loss of $15.47 million, or $0.18 per share in the first quarter of 2015, compared to a loss of $0.02 per share in the first quarter of 2014. Carson stated, “Rovi delivered solid results during the first quarter” by securing a deal to power DISH’s (DISH) voice-based TV interface, which will “affirm the health of Rovi’s licensing business and validate [Rovi’s] next-generation product strategy.” On June 9, 2015, this company also signed a patent license agreement with video-on-demand service, UULA, a provider for SoftBank Mobile. This agreement will allow Rovi to cover video-on-demand services for three major mobile carriers in Japan.
In the first quarter of 2015, one guru sold out, two reduced, two bought, and two sold shares in Rovi Corp. Joel Greenblatt (Trades, Portfolio) (Trades, Portfolio) of Gotham Asset Management, reduced his position in this company, selling 935,162 shares at an average price of $22.38 per share. Greenblatt reduced his position by 98.64% with this transaction. George Soros (Trades, Portfolio) (Trades, Portfolio) of Soros Fund Management, bought 806,666 shares of Rovi Corp at an average price of $22.38 per share after selling out in the previous quarter. David Dreman (Trades, Portfolio) of Dreman Value Management (Trades, Portfolio), increased his position in this company by 3967.92% with the purchase of 103,404 shares at the average price of $22.38 per share. For more information about Guru transactions with Rovi Corp., click here.
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