Weekly CFO Sells Highlight: SGEN, APKT, AMRC, FNGN

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Oct 10, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Seattle Genetics Inc., Acme Packet Inc., Ameresco,and Financial Engines Inc.


Seattle Genetics Inc. (SGEN, Financial): CFO Todd E Simpson Sold 24,350 Shares


President and CEO Clay B. Siegall has sold a total of 39,350 shares of SGEN stock over the past week. CFO Todd E. Simpson sold 24,350 shares of SGEN stock on 10/07/2011 at the average price of $21.97. Todd E. Simpson owns at least 49,242 shares after this. The price of the stock has decreased by 2.05% since.


Seattle Genetic develops monoclonal antibody-based drugs to treat cancer and related diseases. Seattle Genetics Inc. has a market cap of $2.47 billion; its shares were traded at around $21.52 with and P/S ratio of 22.97. Seattle Genetics Inc. had an annual average earnings growth of 0.3% over the past 10 years.


For its second quarter 2011, Seattle Genetics Inc. reported revenues of $13.1million and net loss of $51.5 million ($0.45 per share), compared to revenues of $36.9 million and net loss of $8.3 million ($0.08 per share) in the same quarter last year.


Acme Packet Inc. (APKT, Financial): CFO and Treasurer Peter J Minihane Sold 11,875 Shares


CFO and Treasurer Peter J. Minihane sold 11,875 shares of APKT stock on Sept. 29, 2011, at the average price of $43.35. The price of the stock has decreased by 8.79% since.


Acme Packet Inc. is engaged in providing session delivery networks that enables delivery of next-generation voice, video and unified communications over IP networks. Acme Packet Inc. has a market cap of $2.63 billion; its shares were traded at around $39.54 with a P/E ratio of 51.35 and P/S ratio of 11.37. Acme Packet Inc. had an annual average earnings growth of 18.1% over the past five years.


For its second quarter 2011, Acme Packet Inc. reported revenues of $79.9 million, an increase from the $53.3 million reported prior year quarter. Net income was $14.0 million ($0.20 per share), compared to $9.7 million ($0.14 per share) last year.


Ameresco (AMRC, Financial): Vice President and CFO Andrew B. Spence Sold 10,000 Shares


Vice President and CFO Andrew B. Spence sold 10,000 shares of AMRC stock on Oct. 3, 2011, at the average price of $9.81. The price of the stock has decreased by 3.06% since.


Ameresco Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. Ameresco has a market cap of $238.43 million; its shares were traded at around $9.51 with a P/E ratio of 12.51 and P/S ratio of 0.39.


For its second quarter 2011, Ameresco reported revenues of $165.5 million, an increase of 17.1% from prior-year quarter. Net income was $8.8 million ($0.19 per share), a 14.6% increase from last year. Operating cash flows were $1.6 million.


Financial Engines Inc. (FNGN, Financial): EVP and CFO Raymond J. Sims Sold 10,000 Shares


Executive Vice President and CFO Raymond J. Sims sold 10,000 shares of FNGN stock on 10/05/2011 at the average price of 18. Raymond J. Sims owns at least 6,065 shares after this. The price of the stock has decreased by 4.44% since.


Financial Engines Inc. is an independent investment adviser that provides personalized retirement plans for saving, investing and retirement income. Financial Engines Inc. has a market cap of $776.67 million; its shares were traded at around $17.2 with a P/E ratio of 49.14 and P/S ratio of 6.95.


In its second quarter 2011, Financial Engines Inc. reported revenues of $35.3 million, an increase of 38% from the $25.6 million last year. Net income was $3.5 million ($0.07 per share), compared to $1.3 million ($0.03 per share) prior year quarter.


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