Weekly CFO Sells Highlight

Recent sells from company CFOs

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Sep 02, 2019
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According to GuruFocus Insider Data, the recent CFO sells were: Extra Space Storage Inc. (EXR, Financial), IAC/InterActiveCorp (IAC, Financial), and Facebook Inc. (FB, Financial).

Extra Space Storage Inc.: Executive Vice President and CFO P. Scott Stubbs sold 9,200 shares

Executive Vice President and CFO P. Scott Stubbs sold 9,200 shares for $120.9 per share on Aug. 15. Since then, the stock price has increased by 0.84%. Extra Space Storage Inc. has a market cap of $15.67 billion and its shares were traded around $121.92. The company has a P/E ratio of 36.18 and P/S ratio of 13.12. The trailing 12-month dividend yield of Extra Space Storage Inc. stocks is 2.85%, while the forward dividend yield is 2.95%. Over the past 10 years, Extra Space Storage Inc. had an annual average earnings growth of 16.20%. GuruFocus rated Extra Space Storage Inc. the business predictability rank of 4-star.

Extra Space Storage announced its second-quarter results with revenue of $326.72 million and gross profit of $238.87 million, while the net income was $104.83 million. The 2018 total revenue was $1.21 billion, an 8% increase from 2017. The 2018 gross profit was $909.81 million, an 8% increase from the year prior. The 2018 net income was $415.29 million.

Director Spencer Kirk sold 251,897 shares for $121.17 per share on Aug. 22. Since then, the stock price has increased by 0.62%. Executive Vice President and Chief Marketing Officer James Overturf sold 3,103 shares for $120.77 per share on Aug. 16. Since then, the stock price has increased by 0.95%. Senior Vice President Accounting and Finance Grace Kunde sold 1,738 shares for $120.45 per share on Aug. 15. Since then, the stock price has increased by 1.22%.

IAC/InterActiveCorp: Executive Vice President and CFO Glenn Schiffman sold 1,000 shares

Executive Vice President and CFO Glenn Schiffman sold 1,000 shares for $256.72 per share on Aug. 7. Since then, the stock price has decreased by 0.81%. IAC/InterActiveCorp has a market cap of $21.47 billion and its shares were traded around $254.64. The company has a P/E ratio of 45.23 and P/S ratio of 5.14. Over the past 5 years, IAC/InterActiveCorp had an annual average earnings growth of 2.60%.

IAC/InterActiveCorp announced its second-quarter results with revenue of $1.19 billion and gross profit of $911.51 million, while the net income was $113.47 million. The 2018 total revenue was $4.26 billion, a 29% increase from 2017. The 2018 gross profit was $3.35 billion, a 26% increase from the year prior. The 2018 net income was $626.96 million.

Executive Vice President Gregg Winiarski sold 73,409 shares for $253.54 per share on Aug. 28. Since then, the stock price has increased by 0.43%. Senior Vice President and Controller (CAO) Michael H. Schwerdtman sold 6,676 shares for $255.55 per share on Aug. 09. Since then, the stock price has decreased by 0.36%.

Facebook Inc.: CFO David M. Wehner sold 11,036 shares

CFO David M. Wehner sold 11,036 shares for $183.44 per share on Aug. 22. Since then, the stock price has increased by 1.22%. Facebook Inc. has a market cap of $529.71 billion and its shares were traded around $185.67. The company has a P/E ratio of 31.47 and P/S ratio of 8.56. Over the past 5 years, Facebook Inc. had an annual average earnings growth of 48.30%.

Facebook announced its second-quarter results with revenue of $16.89 billion and gross profit of $13.58 billion, while the net income was $2.62 billion. The 2018 total revenue was $55.84 billion, a 37% increase from 2017. The 2018 gross profit was $46.48 billion, a 32% increase from the year prior. The 2018 net income was $22.11 billion.

CEO and 10% Owner Mark Zuckerberg sold 118,500 shares for $181.04 per share on Aug. 28. Since then, the stock price has increased by 2.56%. Chief Operations Officer Sheryl Sandberg sold 55,000 shares for $182.41 per share on Aug. 27. Since then, the stock price has increased by 1.79%. Director Peter Thiel sold 22,246 shares for $182 per share on Aug. 22. Since then, the stock price has increased by 2.02%.

Disclosure: none.