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Weekly CFO Sells Highlight: WRES, NPSP, MKTO, GRPN, RXN

By: GuruFocus
Posted: 9/29/2013 1:40:00 PM
Referenced Stocks: GRPN;MKTO;NPSP;RXN;WRES

According to GuruFocus Insider Data , the largest CFO sells during the past week were: Warren Resources Inc, NPS Pharmaceuticals Inc, Marketo Inc, Groupon Inc, and Rexnord Corp.

Warren Resources, Inc. ( WRES ): Vice President & CFO Stewart P Skelly Sold 54,000 Shares

Vice President & CFO Stewart P Skelly sold 54,000 shares of WRES stock on 09/19/2013 at the average price of $2.91. Stewart P Skelly owns at least 116,545 shares after this. The price of the stock has increased by 1.37% since.

Warren Resources, Inc. has a market cap of $215.27 million; its shares were traded at around $2.95 with a P/E ratio of 11.57 and P/S ratio of 1.71. Warren Resources, Inc. had an annual average earnings growth of 5.4% over the past 5 years.

Warren Resources Inc. has announced its second quarter 2013 results. The company reported net income of $9.2 million ($0.13 per share), compared to net income of $5.3 million ($0.07 per share) in the second quarter of 2012.

Secretary & General Counsel David E Fleming , and EVP Timothy A Larkin both also sold shares of WRES stock over the past week.

NPS Pharmaceuticals Inc ( NPSP ): EVP & CFO Luke M Beshar Sold 50,000 Shares

EVP & CFO Luke M Beshar sold 50,000 shares of NPSP stock on 09/20/2013 at the average price of $30.26. Luke M Beshar owns at least 59,180 shares after this. The price of the stock has increased by 7.01% since.

NPS Pharmaceuticals Inc has a market cap of $3.28 billion; its shares were traded at around $32.38 with and P/S ratio of 25.06.

NPS reported a second quarter 2013 net loss of $12.4 million ($0.16 per share) compared to net income of $7.4 million ($0.08 per share) the same quarter last year. The company generated revenues of $31.7 million this quarter, compared to $28.5 million

VP, Technical Operations Joseph J Rogus sold 25,312 shares of NPSP stock on 09/16/2013 at the average price of $28.11.

Marketo Inc ( MKTO ): SVP & CFO Frederick Ball Sold 50,000 Shares

SVP & CFO of Marketo Inc ( MKTO ) Frederick Ball sold 50,000 shares on 09/18/2013 at an average price of $33.99.

Marketo Inc has a market cap of $1.17 billion; its shares were traded at around $31.56 with and P/S ratio of 13.89.

Marketo Inc. reported revenues of $22.5 million for its second quarter of 2013, representing a 62% increase over the second quarter of 2012. GAAP net loss was $0.63 per share, and non-GAAP net loss was $0.49 per share.

Groupon Inc ( GRPN ): CFO Jason Child Sold 40,000 Shares

CFO Jason Child sold 40,000 shares of GRPN stock on 09/23/2013 at the average price of $11.98. Jason Child owns at least 300,778 shares after this. The price of the stock has decreased by 2.67% since.

Groupon Inc has a market cap of $7.75 billion; its shares were traded at around $11.66 with and P/S ratio of 3.17.

Groupon reported second quarter gross billings increase of 10% globally to $1.41 billion, revenue increase of 7% to $608.7 million, and operating income decrease to $27.4 million from $46.5 million prior year quarter. Free cash flow for the quarter was $29.3 million.

Rexnord Corp ( RXN ): SVP & CFO Mark W Peterson Sold 35,983 Shares

SVP & CFO of Rexnord Corp ( RXN ) Mark W Peterson sold 35,983 shares on 09/19/2013 at an average price of $20.03.

Rexnord Corp has a market cap of $2.03 billion; its shares were traded at around $20.85 with a P/E ratio of 30.49 and P/S ratio of 1.05.

Rexnord Corp has released its first quarter 2014 results ended July 2013. Net sales increased 3% to $509 million, and net income increased to $14 million from a net loss of $1 million the same quarter of last year.

President & CEO Todd A. Adams sold 40,000 shares of RXN stock on 09/23/2013.

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 .