According to GuruFocus Insider Data, the recent CFO sells were: Twitter Inc. (TWTR, Financial) and Okta Inc. (OKTA, Financial).
Twitter Inc. (TWTR, Financial): CFO Ned D. Segal sold 6,000 shares
CFO Ned D. Segal sold 6,000 shares for $31.67 per share on Jan. 8. Since then, the stock price has increased by 5.05%. Twitter Inc. has a market cap of $25.33 billion and its shares were traded around $33.27. The company has a price-earnings ratio of 24.63 and price-sales ratio of 8.87.
Twitter announced its third-quarter results with revenue of $758.11 million and gross profit of $514.47 million, while the net income was $789.18 million. The 2017 total revenue was $2.44 billion, a 3% decrease from 2016. The 2017 gross profit was $1.58 billion, a 4% decrease from the year prior. The 2017 net loss was $108.06 million.
Director Evan Clark Williams sold 682,242 shares for $32.88 per share on Jan. 16. Since then, the stock price has increased by 1.19%. Vice President Engineering Michael Montano sold 1,250 shares for $30.2 per share on Jan. 7. Since then, the stock price has increased by 10.17%. Vice President Revenue and Partnerships Matthew Derella sold 5,944 shares for $29.63 per share on Jan. 4. Since then, the stock price has increased by 12.28%.
Okta Inc. (OKTA, Financial): CFO William E. Losch sold 20,000 shares
CFO William E. Losch sold 20,000 shares for $76.89 per share on Jan. 22. Since then, the stock price has increased by 3.17%. Okta Inc. has a market cap of $8.76 billion and its shares were traded around $79.33. The company has a price-sales ratio of 22.98.
Okta announced its fourth-quarter results with revenue of $105.58 million and gross profit of $75.88 million, while the net loss was $29.52 million. The 2018 total revenue was $259.99 million, a 62% increase from 2017. The 2018 gross profit was $179.24 million, a 72% increase from the year prior. The 2018 net loss was $114.36 million.
COO Jacques Frederic Kerrest sold 166,666 shares for $76.82 per share on Jan. 22. Since then, the stock price has increased by 3.27%. Director Benjamin A. Horowitz sold 98,242 shares for $71.76 per share on Jan. 15. Since then, the stock price has increased by 10.55%.
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