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Weekly CFO Sells Highlight: FB, HAR, SAAS, DSW, LYV

Posted
9/1/2013 8:34:00 PM
By: GuruFocus
Referenced Stocks:DSW;FB;HAR;LYV;SAAS

According to GuruFocus Insider Data , the largest CFO sells during the past week were: Facebook Inc., Harman International Industries Inc., inContact Inc., DSW Inc. and Live Nation Entertainment Inc.

Facebook Inc. ( FB ): CFO David A. Ebersman Sold 223,400 Shares

CFO of Facebook Inc. ( FB ) David A. Ebersman sold 223,400 shares during the past week at an average price of $40.

Facebook Inc. was incorporated in Delaware in July 2004. Facebook Inc has a market cap of $100.56 billion; its shares were traded at around $41.29 with a P/E ratio of 188.68 and P/S ratio of 17.01.

For its second quarter 2013 ended June 30, Facebook Inc. reported revenues of $1.81 billion - an increase of 53% compared with $1.18 billion the prior year quarter. Non-GAAP income was $488 million compared to $295 million last year. Also for this quarter, daily average users increased 27% year-over-year, with GAAP operating margin at 31% compared to a negative 63% last year.

VP, Gen. Counsel & Secretary Colin Stretch sold 24,007 shares of FB stock on 08/27/2013 at the average price of $39.63. Chief Technology Officer Michael Todd Schroepfer and multiple other insiders have all also sold shares of FB stock during the past week.

Harman International Industries Inc. ( HAR ): EVP and CFO Herbert K. Parker Sold 144,677 Shares

EVP and CFO Herbert K. Parker sold 144,677 shares of HAR stock on 08/26/2013 at the average price of $67.56. Herbert K. Parker owns at least 4,659 shares after this. The price of the stock has decreased by 5.42% since.

Harman International Industries Inc. was incorporated in the state of Delaware in 1980. Harman International Industries Inc. has a market cap of $4.36 billion; its shares were traded at around $63.90 with a P/E ratio of 31.35 and P/S ratio of 1.07. The dividend yield of Harman International Industries Inc. stocks is 1.17%.

Harman International has released its fourth quarter 2013 results ended June 30, 2013. For this quarter, the company increased net sales by 8% year-over-year to $1.182 billion, with non-GAAP operating income of $87 million and EPS of $0.91.

Director Liu Jiren and other insiders all also sold shares of HAR stock over the previous week.

inContact Inc. ( SAAS ): CFO Gregory S. Ayers Sold 120,000 Shares

CFO Gregory S. Ayers sold 120,000 shares of SAAS stock on 08/26/2013 at the average price of $8.54. Gregory S. Ayers owns at least 19,900 shares after this. The price of the stock has decreased by 4.8% since.

inContact Inc is a provider of cloud-based contact center solutions. Incontact Inc. has a market cap of $444.388 million; its shares were traded at around $8.13 with and P/S ratio of 3.46.

For its second quarter 2013 ended June 30, inContact Inc. reported consolidated revenue of $31.1 million and net loss of $1.8 million ($0.03 per share). This compares to revenue of $26.1 million and net loss of $1.8 million ($0.04 per share) in the prior year quarter.

Chief Business Officer Bassam Salem sold 15,000 shares of SAAS stock on 08/23/2013 at the average price of $8.53.

DSW Inc. ( DSW ): EVP and CFO Douglas J. Probst Sold 60,000 Shares

EVP and CFO Douglas J. Probst sold 60,000 shares of DSW stock on 08/29/2013 at the average price of $85.82. Douglas J. Probst owns at least 13,090 shares after this. The price of the stock has increased by 0.17% since.

DSW Inc. was incorporated in the state of Ohio on January 20, 1969 and opened its first DSW store in Dublin, Ohio in July 1991. DSW Inc has a market cap of $3.9 billion; its shares were traded at around $85.97 with a P/E ratio of 27.78 and P/S ratio of 1.70. The dividend yield of DSW Inc stocks is 0.71%. DSW Inc. had an annual average earnings growth of 36.8% over the past five years.

DSW Inc. has released its second quarter 2013 results. Second quarter reported sales increased 9.7% to $562 million, and net income was $33.7 million ($0.73 per share) compared to $29.3 million ($0.65 per share) for the same quarter last year. The company announced a dividend of $0.25 per share to be paid September 30, 2013.

EVP-Chief Marketing Officer Derek Ungless sold 22,260 shares of DSW stock on 08/28/2013 at the average price of $85.47.

Live Nation Entertainment Inc. ( LYV ): EVP and CFO Elizabeth Kathleen Willard Sold 50,000 Shares

EVP and CFO Elizabeth Kathleen Willard sold 50,000 shares of LYV stock on 08/29/2013 at the average price of $17.26. Elizabeth Kathleen Willard owns at least 300,301 shares after this. The price of the stock has decreased by 2.26% since.

Live Nation Inc. was incorporated in Delaware in August 2, 2005 in preparation for the contribution and transfer by Clear Channel Communications Inc. Live Nation Entertainment Inc. has a market cap of $3.35 billion; its shares were traded at around $16.87 with and P/S ratio of 0.54.

For its second quarter of 2013, Live Nation Entertainment reported revenue growth of 8% to $1.67 billion and operating income growth to $97.8 million from $43.0 million last year.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .