Weekly CFO Sells Highlight

Recent sells from chief financial officers

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Mar 22, 2019
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According to GuruFocus Insider Data, the recent CFO sells were: Ulta Beauty Inc. (ULTA, Financial) and Okta Inc. (OKTA, Financial).

Ulta Beauty Inc.: CFO Scott M. Settersten sold 29,529 shares

CFO Scott M. Settersten sold 29,529 shares for $338.64 per share on March 19. Since then, the stock price has decreased by 1.04%. Ulta Beauty Inc. has a market cap of $19.88 billion and its shares were traded around $335.13. The company has a price-earnings ratio of 30.64 and price-sales ratio of 3.02. Over the past 10 years, Ulta Beauty Inc. had an annual average earnings growth of 27.80%. GuruFocus rated Ulta Beauty Inc. the business predictability rank of 5-star.

Ulta Beauty announced its fourth-quarter results with revenue of $1.56 billion and gross profit of $572.28 million, while the net income was $131.17 million. The 2018 total revenue was $5.88 billion, a 21% increase from 2017. The 2018 gross profit was $2.10 billion, a 20% increase from the year prior. The 2018 net income was $555.23 million.

CEO Mary N. Dillon sold 120,949 shares for $334.42 per share on March 19. Since then, the stock price has increased by 0.21%. Director Dennis K. Eck sold 15,000 shares for $336.06 per share on March 20. Since then, the stock price has decreased by 0.28%. Director Charles Heilbronn sold 242,432 shares for $334.99 per share on March 20. Since then, the stock price has increased by 0.04%.

Okta Inc.: CFO William E. Losch sold 1,753 shares

CFO William E. Losch sold 1,753 sharesfor $80.93 per share on March 20. Since then, the stock price has increased by 5.61%. Okta Inc. has a market cap of $9.59 billion and its shares were traded around $85.47. The company has a price-sales ratio of 23.08.

Okta announced its first-quarter results with revenue of $115.47 million and gross profit of $84.09 million, while the net loss was $30.81 million. The 2018 total revenue was $399.25 million, a 56% increase from 2017. The 2018 gross profit was $285.83 million, a 63% increase from the year prior. The 2018 net loss was $124.50 million.

CEO Todd Mckinnon sold 1,781 shares for $80.93 per share on March 20. Since then, the stock price has increased by 5.61%. COO Jacques Frederic Kerrest sold 329,553 shares for $81.81 per share on March 20. Since then, the stock price has increased by 4.47%. General Counsel and Secretary Jonathan T. Runyan sold 964 shares for $80.93 per share on March 20. Since then, the stock price has increased by 5.61%.

Disclosure: none.