Weekly CEO Sells Highlight: McKesson Corp, NETAPP INC COMMON STOCK, PetroQuest Energy Inc, Calavo Growers Inc, and Sonic Solutions

Weekly CEO Sells Highlight: MCK, NTAP, PQ, CVGW, SNIC

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Jun 20, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: McKesson Corp, NETAPP INC COMMON STOCK, PetroQuest Energy Inc, Calavo Growers Inc, and Sonic Solutions


McKesson Corp. (MCK, Financial): Chairman, President & CEO John H Hammergren sold 500,000 Shares

Chairman, President & CEO of McKesson Corp. (MCK) John H Hammergren sold 500,000 shares on 06/15/2010 at an average price of $69.73. McKesson Corporation is a health care service and technology company, delivers unique supply and information management solutions that reduce costs and improve quality for its health care customers. Mckesson Corp. has a market cap of $19.02 billion; its shares were traded at around $70.09 with a P/E ratio of 15.2 and P/S ratio of 0.2. The dividend yield of Mckesson Corp. stocks is 1%. Mckesson Corp. had an annual average earning growth of 18.4% over the past 10 years. GuruFocus rated Mckesson Corp. the business predictability rank of 3-star.


On May 3, McKesson Corporation reported that revenues for the fourth quarter ended March 31, 2010 were $26.6 billion compared to $26.2 billion a year ago. Fourth-quarter earnings per diluted share was $1.26 compared to $1.01 per diluted share a year ago. Last year’s fourth-quarter earnings were impacted by a non-cash, pre-tax impairment charge of $63 million ($60 million after-tax), or approximately 22 cents per diluted share.


Chairman, President & CEO John H Hammergren sold 500,000 shares of MCK stock on 06/15/2010 at the average price of 69.73. The price of the stock has increased by 0.52% since. EVP Patrick Blake, Director M Christine Jacobs, EVP, Group President Paul C Julian, EVP,Gen. Counsel & Secretary Laureen Seeger, and EVP, Corp. Strategy & Bus. Dev. Marc E Owen together sold 302,369 shares of MCK stock in May and June.


NETAPP INC COMMON STOCK (NTAP, Financial): CEO and President Thomas Georgens sold 175,000 Shares

CEO and President of NETAPP INC COMMON STOCK (NTAP) Thomas Georgens sold 175,000 shares on 06/16/2010 at an average price of $40.96. NetApp Inc., formerly Network Appliance, Inc., is a provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. Netapp Inc Common Stock has a market cap of $14.21 billion; its shares were traded at around $41.22 with a P/E ratio of 39.2 and P/S ratio of 3.7. Netapp Inc Common Stock had an annual average earning growth of 6.5% over the past 10 years.


On May 26, NetApp reported results for the fourth fiscal quarter, which ended April 30, 2010. Revenues for the fourth fiscal quarter of 2010 totaled $1.17 billion, GAAP net income was $145 million.


CEO and President Thomas Georgens sold 197,786 shares of NTAP stock in June. Executive VP, CFO Steven J Gomo sold 180,000 shares of NTAP stock in June. Executive Chairman Daniel J Warmenhoven sold 350,000 shares of NTAP stock in June. Director Alan L Earhart and Mark Leslie together sold 85,000 shares of NTAP stock in June.


PetroQuest Energy Inc. (PQ, Financial): Chairman, CEO and President Charles T Goodson sold 130,000 Shares

Chairman, CEO and President of PetroQuest Energy Inc. (PQ) Charles T Goodson sold 130,000 shares on 06/17/2010 at an average price of $8.01. PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and potential exploration prospects along and in the Gulf of Mexico. Petroquest Energy Inc. has a market cap of $526 million; its shares were traded at around $8.33 with a P/E ratio of 18.5 and P/S ratio of 2.4.


On May 5, PetroQuest Energy, Inc. announced the company's First Quarter Results for 2010. The Company recorded net income of $0.46 per share. Net cash flow for the first quarter of 2010 was $40,764,000, and Oil and gas sales during the first quarter of 2010 were $47,545,000


Chairman, CEO and President Charles T Goodson sold 223,780 shares of PQ stock in December, March, and June. 10% Owner Advisory Corp Spo bought 1,775,200 shares of PQ stock on 05/24/2010 at the average price of 5.84. Advisory Corp Spo owns at least 8,197,700 shares after this. The price of the stock has increased by 42.64% since. Director William W Iv Rucks bought 58,600 shares of PQ stock on 03/03/2010 at the average price of 5.68. William W Iv Rucks owns at least 1,260,000 shares after this. The price of the stock has increased by 46.65% since. Senior VP - Exploration Stephen H Green, COO William Todd Zehnder, and Director E Wayne Nordberg together sold 67,000 shares of PQ stock in March.


Calavo Growers Inc. (CVGW, Financial): Chairmn of Bd, CEO, President, 10% Owner Lecil E Cole sold 125,000 Shares

Chairmn of Bd, CEO, President, 10% Owner of Calavo Growers Inc. (CVGW) Lecil E Cole sold 125,000 shares on 06/11/2010 at an average price of $18.33. Calavo Growers, Inc. engages in the procurement and marketing of avocados and other perishable foods and the preparation and distribution of processed avocado products. Calavo Growers Inc. has a market cap of $283.1 million; its shares were traded at around $19.52 with a P/E ratio of 23.9 and P/S ratio of 0.8. The dividend yield of Calavo Growers Inc. stocks is 2.5%. Calavo Growers Inc. had an annual average earning growth of 5.5% over the past 10 years.


On June 2, Calavo Growers, Inc. reported record operating results for its fiscal 2010 second quarter. Revenues Rise 26 Percent to $109.2 Million from $86.8 Million. Net Income Increases seven percent to record $4.8 Million. Earnings Per Share advance to quarterly record $0.33 from $0.31.


Chairman of Board, CEO, President, 10% Owner Lecil E Cole sold 270,000 shares of CVGW stock in March and June.


Sonic Solutions (SNIC, Financial): President and CEO David C Habiger sold 100,000 Shares

President and CEO of Sonic Solutions (SNIC) David C Habiger sold 100,000 shares on 06/11/2010 at an average price of $9.82. SONIC SOLUTIONS designs, develops, manufactures and markets digital random access editing and processing systems, commonly known as digital audio workstations, for audio applications. Sonic Solutions has a market cap of $275.7 million; its shares were traded at around $9 with a P/E ratio of 900 and P/S ratio of 2.6.


On June 3, Sonic Solutions announced financial results for the fourth quarter of and full 2010 fiscal year. For the three months ended March 31, 2010 net revenue was $26.4 million, gross profit was $18.5 million, and net income was $1.2 million, or $0.04 per diluted share.


President and CEO David C Habiger sold 100,000 shares of SNIC stock on 06/11/2010 at the average price of 9.82. David C Habiger owns at least 9,000 shares after this. The price of the stock has decreased by 8.35% since. Director Peter Marguglio, Robert J Doris, and Mary C Sauer, Executive VP and COO A Clay Leighton, and EVP, General Manager Roxio Matthew Dimaria together sold 33,350 shares of SNIC stock in June.


For the complete list of stocks that bought by their CEOs, go to: Insider Buys.