According to GuruFocus Insider Data, the recent chief financial officer buys were Aerohive Networks Inc. (HIVE, Financial) and Sunworks Inc. (SUNW, Financial).
Aerohive Networks CFO bought 20,000 shares
Senior Vice President, CFO and Chief Operating Officer John Ritchie bought 20,000 shares of Aerohive Networks Inc. (HIVE, Financial) for an average price of $4.31 per share on May 16. The stock price has increased 7.19% since then. Aerohive has a market cap of $244.121 million, and its shares were traded around $4.62. The company has a price-sales (P/S) ratio of 1.42.
Aerohive announced its first-quarter results with revenue of $36.35 million and gross profit of $24.44 million, while the net loss was $9.02 million. The 2016 total revenue was $169.83 million, a 12% increase from 2015 total revenue. The 2016 gross profit was $114.53 million, a 13% increase from 2015 gross profit. The 2016 net loss was $36.91 million.
On May 16, President, CEO and Director David K. Flynn bought 40,000 shares for an average price of $4.30 per share. Since then, the stock price has increased 7.44%.
Sunworks CFO bought 15,525 shares
CFO Paul Clayton Mcdonnel bought 15,525 shares of Sunworks Inc. (SUNW, Financial) for an average price of $1.45 per share on May 18. Since then, the stock price has increased 6.21%. Sunworks has a market cap of $33.660 million, and its shares were traded around $1.50. The company has a P/S ratio of 0.40.
Sunworks announced its first-quarter results with revenue of $14.35 million and gross profit of $2.78 million, while the net loss was $2.91 million. The 2016 total revenue was $86.42 million, a 61% increase from 2015. The 2016 gross profit was $22.11 million, a 30% increase from 2015. The 2016 net loss was $9.38 million.
On May 18, Director John Van Slooten bought 5,000 shares for an average price of $1.46 per share. The stock price has increased by 5.48% since then.
Disclosure: None.
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