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WEEKLY CFO SELLS HIGHLIGHT: SBAC, XOXO, MTH, FICO, SGEN, OAS

Posted
9/3/2012 10:36:00 AM
By: GuruFocus
Referenced Stocks:FICO;MTH;SBAC;SGEN;XOXO

According to GuruFocus Insider Data , the largest CFO sells during the past week were: SBA Communications Corporation, XO Group Inc, Meritage Homes Corporation, Fair Isaac Corporation, Seattle Genetics Inc, and Oasis Petroleum Inc.

SBA Communications Corporation ( SBAC ): Senior Vice President & CFO Brendan Thomas Cavanagh Sold 93,639 Shares

Senior Vice President & CFO Brendan Thomas Cavanagh sold 93,639 shares of SBAC stock on 08/29/2012 at the average price of $60.08. Brendan Thomas Cavanagh owns at least 3,141 shares after this. The price of the stock has decreased by 0.5% since.

SBA Communications Corp. is a independent owner and operator of wireless communications infrastructure in the United States. Sba Communications Corporation has a market cap of $7.27 billion; its shares were traded at around $59.78 with and P/S ratio of 10.41. Sba Communications Corporation had an annual average earnings growth of 12.5% over the past 10 years.

SBA Communications Corporation has released its second quarter 2012 results. The company reported total revenues of $229.1 million, compared to $171.1 million in the prior year quarter. Tower cash flow for the quarter increased 28.4% over last year to $152.3 million. Net loss was reported to be $53.5 million ($0.44 per share) in the second quarter of 2012, compared to $29.8 million ($0.27 per share) prior year quarter. Adjusted EBITDA increased 30.5% to $142.9 million.

XO Group Inc ( XOXO ): CFO John P Mueller Sold 125,922 Shares

CFO of XO Group Inc ( XOXO ) John P Mueller sold 125,922 shares during the past week at an average price of $8.

XO Group Inc. is a media and technology company. It provides information, products and advice related to weddings and pregnancy. Xo Group Inc has a market cap of $207.95 million; its shares were traded at around $7.94 with a P/E ratio of 26.47 and P/S ratio of 1.67.

Meritage Homes Corporation ( MTH ): Executive VP - CFO Larry Wayne Seay Sold 59,482 Shares

Executive VP - CFO Larry Wayne Seay sold 59,482 shares of MTH stock on 08/27/2012 at the average price of $36.25. Larry Wayne Seay owns at least 35,000 shares after this. The price of the stock has increased by 2.81% since.

Meritage Homes Corp. is one of the nation's largest single-family homebuilders. Meritage Homes Corporation has a market cap of $1.22 billion; its shares were traded at around $37.27 with a P/E ratio of 465.88 and P/S ratio of 1.42.

Meritage Homes Corporation reported second quarter net income of $8.0 million ($0.24 per share), compared to $562,000 ($0.02 per share) prior year quarter. Home closing gross margin for the quarter was 18.5% compared to 18.0% in 2011. Home closing revenue was 28% this quarter than the same quarter prior year.

CEO Steven J Hilton and Director Robert Gary Sarver both also sold shares of MTH stock.

Fair Isaac Corporation ( FICO ): EVP & CFO Michael J Pung Sold 51,455 Shares

EVP & CFO Michael J Pung sold 51,455 shares of FICO stock on 08/27/2012 at the average price of $43.59. Michael J Pung owns at least 15,252 shares after this. The price of the stock has decreased by 2.02% since.

Fair Isaac Corporation makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Fair Isaac Corporation has a market cap of $1.46 billion; its shares were traded at around $42.71 with a P/E ratio of 16.49 and P/S ratio of 2.36. The dividend yield of Fair Isaac Corporation stocks is 0.19%. Fair Isaac Corporation had an annual average earnings growth of 5.4% over the past 10 years.

Fair Isaac Corporation has released its third quarter 2012 results ended June 30, 2012. Net income in this quarter was $20.7 million ($0.59), compared to $23.2 million ($0.58 per share) in the same quarter of 2011. Revenues for this quarter were $160.5 million, an increase of 7% over last year, and bookings were $57.5 million, compared to $50.0 million prior year quarter.

Multiple other insiders also recently sold shares of FICO stock.

Seattle Genetics Inc. ( SGEN ): CFO Todd E Simpson Sold 45,000 Shares

CFO Todd E Simpson sold 45,000 shares of SGEN stock on 08/27/2012 at the average price of $26.97. Todd E Simpson owns at least 70,762 shares after this. The price of the stock has decreased by 1.59% since.

Seatlle Genetic develops monoclonal antibody-based drugs to treat cancer and related diseases. Seattle Genetics, Inc. has a market cap of $3.11 billion; its shares were traded at around $26.54 with and P/S ratio of 32.78. Seattle Genetics, Inc. had an annual average earnings growth of 3.2% over the past 10 years. GuruFocus rated Seattle Genetics, Inc. the business predictability rank of 3-star.

Seattle Genetics Inc reported second quarter 2012 revenues of $48.8 million, an increase from the $13.1 million generated prior year quarter. Net loss for this quarter was $17.2 million ($0.15 per share), compared to a net loss of $51.5 million ($0.45 per share) prior year quarter.

Oasis Petroleum Inc. ( OAS ): Executive VP and CFO Michael H Lou Sold 40,000 Shares

Executive VP and CFO Michael H Lou sold 40,000 shares of OAS stock on 08/27/2012 at the average price of $29.21. Michael H Lou owns at least 179,616 shares after this. The price of the stock has increased by 0.41% since.

Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. Oasis Petroleum Inc. has a market cap of $2.73 billion; its shares were traded at around $29.33 with a P/E ratio of 25.28 and P/S ratio of 8.26.

For its second quarter ended June 30, 2012, Oasis Petroleum Inc. increased revenues to $149.1 million from $67.2 million prior year quarter. The company increased average barrel production per day by 158% over the second quarter of 2011. Net income was $76.0 million, compared to $33.3 million last year.

For the complete list of stocks that 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 .