According to GuruFocus insider data, these are the largest CEO buys for the past week.
Tesla CEO bought 72,500 shares
Tesla Inc. (TSLA, Financial) CEO and 10% owner Elon Musk bought 72,500 shares on June 13 for an average price of $343.78 per share. The stock price has increased by 4.19% since then.
Tesla is a vertically integrated sustainable energy company. It designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components. The company has a market cap of $60.82 billion; its shares traded at $358.17 as of June 15.
The net loss for the three months ended March 31 was $784.63 million, compared to $397.18 million in the prior-year period.
Palo Alto Networks CEO bought 95,650 shares
Palo Alto Networks Inc. (PANW, Financial) CEO Nikesh Arora bought 95,650 shares for an average price of $209.14 per share.
Palo Alto Networks develops and sells network and endpoint cybersecurity solutions to enterprise customers. The company has a market cap of $19.93 billion; its shares traded at $214.60 as of June 15.
The net loss for the three months ended April 30 was $46.7 million, compared to $60.9 million for the prior-year period.
Arora bought 33,255 shares on June 8 at a price of $199.2 and 62,395 shares on June 15 at a price of $214.44. The price of the stock has increased by 0.07% since then.
Executive Vice President and Chief Financial Officer Kathleen Bonanno sold 5,818 shares on June 11 at a price of $199.61. The stock price has increased by 7.51% since then.
Director Stanley J. Meresman sold 1,979 shares on June 13 for a price of $212.17 per share. The stock price has increased by 1.15% since then.
Executive Vice President and Chief Product Officer Lee Klarich sold 8,894 shares on June 12 for $202.08 per share. Since then, the stock price has increased by 6.2%.
Director Mark D. Mclaughlin sold 40,000 shares on June 12 for $202.33 per share. The price of the stock has increased by 6.06% since then.
Executive Vice President and Chief Marketing Officer Rene Bonvanie sold 13,503 shares on June 11 for $199.03 per share. Since then, the price of the stock has increased by 7.82%.
President Mark Anderson sold 30,000 shares on June 11 for an average of $199.44 per share. The price of the stock has increased by 7.6% since then.
Mack-Cali Realty CEO bought 68,301 shares
Mack-Cali Realty Corp. (CLI, Financial) CEO Michael J. DeMarco bought 68,301 shares on June 12 at a price of $20.12 per share.
Mack-Cali Realty is a self-managed real estate investment trust. The company has a market cap of $1.99 billion; its shares traded around $19.80 with a price-earnings ratio of 50.38 as of June 15.
Net income for the first quarter of 2018 was $43 million, compared to $19.9 million for the prior-year period.
DeMarco sold 68,301 shares on June 12 for an average price of $19.91 per share and 68,301 more shares the same day at a price of $20.12. The price of the stock has decreased by 1.59% since then.
Director Nathan Gantcher bought 25,000 shares on June 14 for $19.72 per share. The stock price has increased by 0.41% since then.
Manitowoc CEO bought 19,600 shares
Manitowoc Co. Inc. (MTW, Financial) President and CEO Barry Pennypacker bought 19,600 shares on June 14 for an average price of $25.19 per share. The price of the stock has increased by 1.03% since then.
Manitowoc provides services to the farming industry. It manufactures, markets and supports product lines of mobile telescopic cranes, tower cranes, crawler cranes and boom trucks. The company has a market cap of $903.96 million; its shares traded around $25.45 with a price-earnings ratio of 25.68 as of June 15.
Net loss for the first quarter of 2018 was $10 million, compared to net loss of $36 million in the first quarter of 2017.
American Assets Trust CEO bought 11,718 shares
American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President, and 10% owner Ernest S. Rady bought 11,718 shares on June 13 for an average price of $37.12 per share.
American Assets Trust is a self-administered real estate investment trust based in the U.S. The company mainly invests in, operates, and develops retail, office, residential and mixed-use properties in California, Oregon and Hawaii. The company has a market cap of $2.41 billion; its shares traded around $37.44 with a price-earnings ratio of 82.65 as of June 15.
Net loss for the first quarter of 2018 was $500,000, compared to net income of $7.4 million for the first quarter of 2017.
Rady bought 10,000 shares on June 4 for $36.48 per share and 11,718 shares on June 13 for $37.12. The stock price has increased by 0.86% since then.
For the complete list of stocks bought by company CEOs, go to CEO buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
