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Myra Ramdenbourg
Myra Ramdenbourg
Articles (334) 

Weekly CFO Sells Highlight

Insiders shed shares of Advanced Micro Devices, Sarepta Therapeutics

February 11, 2019 | About:

According to GuruFocus insider data, the recent chief financial officer sells were Advanced Micro Devices Inc. (NASDAQ:AMD) and Sarepta Therapeutics Inc. (NASDAQ:SRPT).

Advanced Micro Devices CFO sold 130,000 shares

Senior Vice President, CFO and Treasurer Devinder Kumar sold 130,000 shares for $19.82 per share on Jan. 29. Since then, the share price has climbed 16.3%. Advanced Micro Devices has a market cap of $23.04 billion and its shares traded around $23.05. The company has a price-earnings ratio of 72.03 and a price-sales ratio of 3.98.

Advanced Micro Devices announced its fourth-quarter results with revenue of $1.42 billion and gross profit of $537 million, while net income was $38 million. The 2018 total revenue was $6.48 million, a 22% increase from 2017. The gross profit was $2.45 million, a 34% increase from the year prior. The net income was $337 million.

Mubadala Investment C. PJSC sold 34,906,166 shares for $23.43 per share on Feb. 5. Since then, the share price has decreased 1.62%. Senior Vice President and General Manager Forrest Eugene Norrod sold 50,000 shares for $20.29 per share on Jan. 28. Since then, the share price has climbed 13.6%.

Sarepta Therapeutics CFO sold 130,000 shares

Executive Vice President, CFO and Chief Business Officer Sandesh Mahatme sold 65,000 shares for $145 per share on Feb. 7. Since then, the share price has tumbled 11.81%. Sarepta has a market cap of $8.54 billion and its shares were traded around $127.87. The company has a price-sales ratio of 30.39. Over the past five years, Sarepta had an annual average earnings growth of 2.70%.

Sarepta announced its third-quarter results with revenue of $78.49 million and gross loss of $16.84 million, while the net loss was $76.39 million. The 2017 total revenue was $154.58 million, a 3% decrease from 2016. The gross loss was $18.69 million, a 4% decrease from the year prior. The net loss was $50.69 million. It will post third-quarter results on March 7.

Senior Vice President and Chief Commercial Officer Alexander Cumbo sold 15,000 shares for $140 per share on Feb. 1. Since then, the share price has declined 8.66%. Senior Vice President and General Counsel David T. Howton sold 30,000 shares for $140 per share on Feb. 1. Since then, the share price has fallen 8.66%.

Disclosure: None. 


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