According to GuruFocus Insider Data, the recent CFO sells were Pure Storage Inc. (PSTG, Financial), Palo Alto Networks Inc. (PANW, Financial) and CarMax Inc. (KMX, Financial).
Pure Storage CFO sold 25,000 shares
CFO Timothy Riitters sold 25,000 shares for $23.44 per share on June 28. Since then, the stock price has increased by 3.24%. Pure Storage has a market cap of $5.59 billion and its shares were traded around $24.20. The company has a price-sales ratio of 4.80.
Pure Storage announced its second-quarter results with revenue of $255.95 million and gross profit of $166.32 million, while the net loss was $64.3 million. The 2017 total revenue was $727.98 million, a 65% increase from 2016. The gross profit was $475.70 million, a 75% increase from the year prior. The net loss was $245.07 million.
Director Michael L. Speiser sold 1,200,000 shares for $23.79 per share on July 5. Since then, the stock price has increased by 1.72%. Director Scott Dietzen sold 125,000 shares for $23.19 per share on June 26. Since then, the stock price has increased by 4.36%. President David Hatfield sold 150,000 shares for $24.74 per share on June 18. Since then, the stock price has decreased by 2.18%.
Palo Alto Networks CFO sold 5,818 shares
Executive Vice President and CFO Kathleen Bonanno sold 5,818 shares for $199.61 per share on June 11. Since then, the stock price has increased by 4.38%. Palo Alto has a market cap of $19.35 billion and its shares were traded around $208.36. The company has a price-sales ratio of 8.95.
Palo Alto Networks announced its second-quarter results with revenue of $567.1 million and gross profit of $407.2 million, while the net loss was $46.7 million. The 2017 total revenue was $1.76 billion, a 28% increase from 2016. The gross profit was $1.29 billion, a 27% increase from the year prior. The net loss was $216.6 million.
CEO Nikesh Arora bought 62,395 shares for $214.44 per share on June 15. Since then, the stock price has decreased by 2.84%. President Mark Anderson sold 30,000 shares for $208.43 per share on July3. Since then, the stock price has decreased by 0.03%. Director Mark D. Mclaughlin sold 40,000 shares for $204.84 per share on July 2. Since then, the stock price has increased by 1.72%.
CarMax Inc. CFO sold 98,858 Shares
EVP and CFO Thomas W. Reedy Jr. sold 98,858 shares for $74.09 per share on July 3. Since then, the stock price has increased by 3.39%. CarMax has a market cap of $13.52 billion and its shares were traded around $76.60. The company has a price-earnings ratio of 20.21 and a price-sales ratio of 0.81. Over the past 10 years, Carmax Inc. had an annual average earnings growth of 20.10%. GuruFocus rated Carmax the business predictability rank of 3-star.
Carmax announced its second-quarter results with revenue of $5.02 billion and gross profit of $776.93 million, while the net income was $238.66 million. The 2018 total revenue was $17.98 billion, an 8% increase from 2017. The gross profit was $2.75 billion, an 8% increase from the year prior. The net income was $664.11 million.
Senior Vice President and Chief Human Resources Officer Diane L. Cafritz sold 20,351 shares for $75.01 per share on June 27. Since then, the stock price has increased by 2.12%. Executive Vice President and Chief Operating Officer William C. Wood Jr. sold 50,904 shares for $75.66 per share on June 27. Since then, the stock price has increased by 1.24%. Senior Vice President and Chief Information Officer Mohammad Shamim sold 8,556 shares for $75.44 per share on June 27. Since then, the stock price has increased by 1.54%.
Disclosure: None.
