Weekly CFO Sells Highlight: P, MTOR, PSSI, ASTM

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Jan 08, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Pandora Media, Aastrom Biosciences In.c, Meritor and PSS World Medical Inc.


Pandora Media (P, Financial): CFO Steven Cakebread Sold 40,000 Shares


CFO of Pandora Media (P) Steven Cakebread sold 40,000 shares on 01/03/2012 at an average price of $9.98. Pandora Media Inc. operates as a provider of Internet radio in the U.S. Pandora Media has a market cap of $1.61 billion; its shares were traded at around $10.01 with and P/S ratio of 11.7.


Pandora Media announced in November that for its third quarter ended October 2011, the company saw a revenue increase of 99% to $75.4 million, and EPS of $0.02. The company also saw its advertising revenue (which accounts for most of its earnings) rise 102%.


CFO Steven Cakebread sold 40,000 shares of P stock on 01/03/2012 at the average price of $9.98. The price of the stock has increased by 0.3% since. Director Robert M. Kavner, CTO, Executive Vice President Product Thomas Conrad, Chief Revenue Officer John Trimble, and Chief Strategy Officer and Director Timothy Westergren all also sold shares of P stock on 01/03/2012.


Aastrom Biosciences Inc. (ASTM, Financial): CFO Scott Durbin Sold 40,000 Shares


CFO Scott Durbin sold 40,000 shares of ASTM stock on 01/04/2012 at the average price of $1.8. Scott Durbin owns at least 850 shares after this. The price of the stock has increased by 3.89% since.


Aastrom Biosciences Inc. develops autologous cell products for the repair or regeneration of multiple human tissues, based on its proprietary Tissue Repair Cell technology. Aastrom Biosciences Inc. has a market cap of $72.2 million; its shares were traded at around $1.87 with and P/S ratio of 811.8.


For its third quarter of 2011, Aastrom Biosciences Inc. reported a net loss of $1.9 million ($0.05 per share), compared to a loss of $5.9 million ($0.21) prior year quarter.


Meritor (MTOR, Financial): Senior Vice President and CFO Jeffrey A. Craig Sold 37,591 Shares


Senior Vice President and CFO of Meritor (MTOR) Jeffrey A. Craig sold 37,591 shares on 01/05/2012 at an average price of $5.81. Meritor Inc., formerly known as ArvinMeritor Inc., has a market cap of $556.4 million; its shares were traded at around $5.88 with a P/E ratio of 7.5 and P/S ratio of 0.1.


Meritor recently reported its fourth quarter 2011 results. For this quarter, the company announced sales from continuing operations of $1.2 billion — up 29% from last year. GAAP net income was $31 million, as compared to $2 million in prior year quarter. Adjusted EBITDA was $97 million, and cash flow from operations was $60 million.


Chairman, CEO and President Charles G. Mcclure sold 108,498 shares of MTOR stock on 01/05/2012 at the average price of $5.77. Senior Vice President and CFO Jeffrey A. Craig sold 37,591 shares of MTOR stock on 01/05/2012 at the average price of $5.81. Jeffrey A. Craig owns at least 328,190 shares after this. The price of the stock has increased by 1.2% since.


PSS World Medical Inc. (PSSI, Financial): Executive Vice President and CFO David M. Bronson Sold 35,000 Shares


Executive Vice President and CFO David M. Bronson sold 35,000 shares of PSSI stock on 01/03/2012 at the average price of $24.82. David M. Bronson owns at least 22,191 shares after this. The price of the stock has decreased by 2.46% since.


PSS World Medical Inc. is a specialty marketer and distributor of medical products to physicians, alternate-site imaging centers, long-term care providers, home care providers, and hospitals. PSS World Medical Inc. has a market cap of $1.28 billion; its shares were traded at around $24.21 with a P/E ratio of 18 and P/S ratio of 0.6. PSS World Medical Inc. had an annual average earnings growth of 24.1% over the past 10 years.


In its fiscal second quarter 2012 ended September, PSS World Medical Inc. reported net sales growth of 5.2% from last year, EPS of $0.37, and cash flow of $22.6 million


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