Weekly CEO Sells Highlight: Widepoint Corp, Gilead Sciences, Primoris Services, and Riverbed Tech.

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Jun 10, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Widepoint Corp, Gilead Sciences, Primoris Services, and Riverbed Tech. Widepoint Corp (WYY, Financial): Chairman, President & CEO Steve L Komar sold 149,800 Shares

Chairman, President & CEO of Widepoint Corp (WYY) Steve L Komar sold 149,800 shares on 05/31/2012 at an average price of $0.72. WidePoint is a technology-based provider of products and services to the government sector and commercial markets. Widepoint Corp has a market cap of $44.3 million; its shares were traded at around $0.69 with and P/S ratio of 1.1.

Announced in Widepoint Corp’s 2012 first quarter financial results, net revenue was $13.7 million and net income was approximately $57,000, compared to the net loss of about $317,000 in the first quarter of 2011.

Chairman, President & CEO Steve L Komar sold 149,800 shares of WYY stock on May 31, 2012.

Gilead Sciences (GILD, Financial): Chairman and CEO John C Martin sold 145,450 Shares

Chairman and CEO of Gilead Sciences (GILD) John C Martin sold 145,450 shares on 06/01/2012 at an average price of $48.75. Gilead Sciences, Inc. is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. Gilead Sciences has a market cap of $36.9 billion; its shares were traded at around $49.67 with a P/E ratio of 14.1 and P/S ratio of 4.4. Gilead Sciences had an annual average earnings growth of 26.1% over the past 5 years.

Gilead Sciences announced their 2012 first quarter results on April 26, 2012. The Company reported that revenue has increased 19% from the 2011 results to $2.28 billion. Net income was $442.0 million, or $0.57 per diluted share.

Chairman and CEO John C Martin sold 727,250 shares of GILD stock from February to June. SVP, CFO Robin L Washington sold 37,329 shares of GILD stock in February, March and April. EVP, Corp & Med Affairs Gregg H Alton sold 103,000 shares of GILD stock in April, May and June.

Primoris Services (PRIM, Financial): Chairman, CEO & President, 10% Owner Brian Pratt sold 265,987 Shares

Chairman, CEO & President, 10% Owner of Primoris Servcs (PRIM) Brian Pratt sold 265,987 shares during the past week at an average price of $12. Primoris Services Corporation, through various subsidiaries, operates as one of the largest specialty contractors and infrastructure companies in the United States. Primoris Servcs has a market cap of $612.1 million; its shares were traded at around $12 with a P/E ratio of 10.9 and P/S ratio of 0.4. The dividend yield of Primoris Servcs stocks is 1%.

Net income for Primoris Services’s 2012 first financial quarter was announced as $10.5 million, or $0.20 per diluted share compared to the net income of $12.3 million, or $0.24 per diluted share in the 2011 first quarter. Revenue has also decreased from the $359.7 million in the first quarter of 2011, to $291.6 million in this quarter.

Chairman, CEO & President, 10% Owner Brian Pratt sold 265,987 shares of PRIM stock in June. Director Eric Rosenfeld, Exec. VP Corp. Dev. John Schauerman, Director Stephen C. Cook, and Sr. VP of Acct. & Finance Alfons Theeuwes sold 203,434 shares of PRIM stock in March.

Riverbed Tech (RVBD): Chairman and CEO Jerry M Kennelly sold 133,332 Shares

Chairman and CEO of Riverbed Tech (RVBD) Jerry M Kennelly sold 133,332 shares on 05/31/2012 at an average price of $16.24. Riverbed Technology, Inc. provides solutions to the fundamental problems of wide-area distributed computing in the United States and internationally. Riverbed Tech has a market cap of $2.49 billion; its shares were traded at around $17.63 with a P/E ratio of 35.2 and P/S ratio of 3.4.

On April 19, 2012, Riverbed Tech reported their 2012 first quarter results ended March 31, 2012. The Company reported total revenues of $182.4 million and net income of $6.95 million.

Chairman and CEO Jerry M Kennelly sold 599,996 shares of RVBD stock in February and May. CFO Randy Gottfried sold 100,000 shares of RVBD stock in February, March, May and June. Chief Technology Officer Steven Mccanne, Director Michael R Kourey and Director James R Swartz sold 491,330 shares of RVBD stock in March, April, and May.