Weekly CFO Buys Highlight

Insiders invest in Vaalco Energy, Dasan Zhone Solutions and Cassava Sciences

Author's Avatar
May 23, 2019
Article's Main Image

According to GuruFocus insider data, recent chief financial officer buys were Vaalco Energy Inc. (EGY, Financial), Dasan Zhone Solutions Inc. (DZSI, Financial) and Cassava Sciences Inc. (SAVA, Financial).

Vaalco Energy CFO bought 8,600 shares

CFO Elizabeth D. Prochnow bought 8,600 shares for $1.7 per share on May 14. Since then, the stock has declined 4.12%.

Vaalco Energy has a market cap of $97.460 million and its shares were traded around $1.63. The company has a price-earnings ratio of 1.05 and a price-sales ratio of 0.88.

The company announced its first-quarter results recently, posting revenue of $19.77 million and gross profit of $13.14 million, while the net income was $6.50 million. The 2018 total revenue was $104.94 million, a 36% increase from 2017. The gross profit was $64.53 million, a 73% increase from the year prior. The net income was $98.23 million.

CEO and Chief Operating Officer Cary M. Bounds bought 5,622 shares for $1.8 per share on May 16. Since then, the stock has fallen 9.44%. Director William R. Thomas bought 2,237 shares for $1.66 per share on May 22. Since then, the shares have tumbled 1.81%. Director Alfred John Knapp Jr. bought 20,000 shares for $1.8 per share on May 17. Since then, the stock price has decreased by 9.44%.

Dasan Zhone Solutions CFO bought 10,256 shares

CFO Mikhail Golomb bought 10,256 shares for $9.75 per share on May 20. Since then, the share price has increased by 15.9%.

Dasan Zhone Solutions has a market cap of $187.660 million and its shares were traded around $11.30. The company has a price-earnings ratio of 1130.00 and a price-sales ratio of 0.62.

The company announced its first-quarter results recently, reporting $74.09 million in revenue and gross profit of $25.48 million, while the net loss was $1.64 million. The 2018 total revenue was $282.35 million, a 14% increase from 2017. The gross profit was $91.94 million, a 10% increase from the year prior. The net income was $2.77 million.

Cassava Sciences CFO bought 10,000 shares

CFO Eric Schoen bought 10,000 shares for $1.06 per share on May 14. Since then, the stock has risen 0.94%.

Cassava Sciences has a market cap of $18.420 million and its shares were traded around $1.07.

The company announced its first-quarter results recently, recording a gross loss of $574,000, while the net loss was $1.36 million. The 2018 gross loss was $2.97 million, a 156% increase from 2017. The net loss was $6.56 million.

Disclosure: None.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.