Weekly CFO Sales Highlight: WWWW, FIO, CRIS, ARIA, VOG, APKT

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Apr 22, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Web.Com Group, Fusion-Io Inc, Curis Inc, Ariad Pharma, Voyager Oil&Gas, and Acme Packet Inc.


Web.Com Group (WWWW, Financial): CFO Kevin M Carney Sold 81,169 Shares


CFO of Web.Com Group (WWWW) Kevin M Carney sold 81,169 shares on 04/20/2012 at an average price of $14.11. WEB.COM GROUP, INC. is a provider of online marketing for small businesses. Web.com Group has a market cap of $683.8 million; its shares were traded at around $13.58 with a P/E ratio of 15.8 and P/S ratio of 3.4.


Web.Com Group has released its fourth quarter 2011 results. During this quarter, the company saw total GAAP revenues of $73.6 million, compared to $37.6 million in the same quarter last year. GAAP net income from continuing operations for the quarter were $3.6 million ($0.08 per diluted share), as compared to a net loss of $16.1 million ($0.63 per share) prior year quarter. Web.Com also reported adjusted EBITDA of $24.8 million, and cash generated from operations of $4.5 million for the fourth quarter of 2011.


Chairman, CEO and President David Brown sold 243,507 shares of WWWW stock on 04/20/2012 at the average price of 14.11. CFO Kevin M Carney sold 81,169 shares of WWWW stock on 04/20/2012 at the average price of 14.11. Kevin M Carney owns at least 226,824 shares after this. The price of the stock has decreased by 3.76% since. EVP Chief People Officer Roseann Duran sold 27,324 shares of WWWW stock on 04/20/2012 at the average price of 14.11.


Fusion-Io Inc (FIO, Financial): CFO Dennis P Wolf Sold 50,000 Shares


CFO of Fusion-Io Inc (FIO) Dennis P Wolf sold 50,000 shares on 04/16/2012 at an average price of $26.6. Fusion-io, Inc. is engaged in the design, development and retail of storage memory platform that helps data decentralization. Fusion-io Inc has a market cap of $2.47 billion; its shares were traded at around $27.07 with and P/S ratio of 12.5.


Fusio-Io Inc has recently released its second quarter 2012 results. In this quarter, the company generated GAAP revenues of $84.1 million – up 162% over the $31.2 million from prior year quarter. GAAP net loss for the company was $5.7 million ($0.07 per diluted share) compared to a loss of $2.5 million in the same quarter last year. Gross margin for the second quarter was 51% compared to 58.7% last year quarter. At the end of the quarter, Fusion-Io had cash and equivalents of $307.4 million and net operating cash flow of $13.5 million.


Chairman, CEO & President David A. Flynn sold 40,000 shares of FIO stock on 04/16/2012 at the average price of 26.6. CFO Dennis P Wolf sold 50,000 shares of FIO stock on 04/16/2012 at the average price of 26.6. Dennis P Wolf owns at least 1,470 shares after this. The price of the stock has increased by 1.77% since. Multiple other insiders have sold shares of FIO stock as well.


Curis Inc (CRIS, Financial): COO and CFO Michael Gray Sold 42,844 Shares


COO and CFO Michael Gray sold 42,844 shares of CRIS stock on 04/19/2012 at the average price of 5.01. Michael Gray owns at least 86,613 shares after this. The price of the stock has decreased by 1.6% since.


Curis, Inc. is a therapeutic drug development company focusing on cancer, neurological and dermatological disease indications, with technologies that utilize regulatory pathways that control repair and regeneration. Curis Inc has a market cap of $349.2 million; its shares were traded at around $4.93 with and P/S ratio of 23.6.


Ariad Pharma (ARIA, Financial): Executive VP, CFO Edward M Fitzgerald Sold 40,000 Shares


Executive VP, CFO of Ariad Pharma (ARIA) Edward M Fitzgerald sold 40,000 shares on 04/17/2012 at an average price of $15. Ariad Pharmaceuticals is engaged in the discovery and development of novel pharmaceuticals based on intracellular signaling technology. Ariad Pharma has a market cap of $2.35 billion; its shares were traded at around $15.28 with and P/S ratio of 92.7.


For its fourth quarter of 2011, Ariad Pharma reported a net loss of $51.8 million ($0.38 per share), compared to a loss of $30.3 million ($0.25 per share) prior year quarter.


Executive VP, CFO Edward M Fitzgerald sold 40,000 shares of ARIA stock on 04/17/2012 at the average price of 15. Edward M Fitzgerald owns at least 169,548 shares after this. The price of the stock has increased by 1.87% since. President, R&D, CSO Timothy P Clackson and SVP, Corp. Dev. & Operations Pierre F Dodion both also sold shares of ARIA.


Voyager Oil&Gas (VOG, Financial): CFO & Treasurer Mitchell Raun Thompson Sold 18,153 Shares


CFO & Treasurer of Voyager Oil&Gas (VOG) Mitchell Raun Thompson sold 18,153 shares on 04/16/2012 at an average price of $2.42. Voyager Oil & Gas, Inc., formerly known as ante4, Inc. Voyager Oil&gas has a market cap of $144.8 million; its shares were traded at around $2.36 with and P/S ratio of 17.2.


CEO & Secy James Russell Reger sold 49,580 shares of VOG stock on 04/17/2012 at the average price of 2.4. CFO & Treasurer Mitchell Raun Thompson sold 18,153 shares of VOG stock on 04/16/2012 at the average price of 2.42. Mitchell Raun Thompson owns at least 200,000 shares after this. The price of the stock has decreased by 2.48% since.


Acme Packet Inc (APKT, Financial): CFO and Treasurer Peter J Minihane Sold 15,000 Shares


CFO and Treasurer Peter J Minihane sold 15,000 shares of APKT stock on 04/17/2012 at the average price of 28.07. The price of the stock has decreased by 4.17% 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 $1.87 billion; its shares were traded at around $26.9 with a P/E ratio of 41.5 and P/S ratio of 6.1. Acme Packet Inc had an annual average earnings growth of 25.9% over the past 5 years.


Acme Packet Inc. has released its fourth quarter 2011 results. For this quarter the company saw revenues of $83 million, an increase of 18% compared to $70.2 million prior year quarter. GAAP net income was $8.7 million ($0.12 per share), compared to $14.5 million ($0.21 per share) in the same quarter last year.


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