WEEKLY CFO SELLS HIGHLIGHT: AMP, SBH, BLOX, ZIP, CAM

Author's Avatar
Mar 17, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Ameriprise Financial Inc., Sally Beauty Holdings Inc., Infoblox Inc., Zipcar Inc, and Cameron International Corporation.

Ameriprise Financial Inc. (AMP, Financial): Executive VP and CFO Walter Stanley Berman Sold 110,792 Shares

Executive Vice President and CFO Walter Stanley Berman sold 110,792 shares of AMP stock on March 6, 2013 at the average price of $70.25. Walter Stanley Berman owns at least 50,341 shares after this. The price of the stock has increased by 6.09% since.

Ameriprise Financial Inc. was formed in 1983 as a Delaware corporation in connection with American Express Company's 1984 acquisition of IDS Financial Services from Alleghany Corporation. Ameriprise Financial Inc. has a market cap of $15.12 billion; its shares were traded at around $74.53 with a P/E ratio of 16.051 and P/S ratio of 1.614. The dividend yield of Ameriprise Financial Inc. stocks is 2.15%.

Ameriprise Financial Inc. has released its fourth quarter 2012 results. Fourth quarter income from continuing operations was $388 million ($1.80 per share), compared to $223 million ($0.95 per share) a year ago. Operating net revenues increased 6% year-over-year to $2.6 billion, with operating expenses increasing 5% to $2.2 billion.

Chairman and CEO James M. Cracchiolo sold 33,414 shares of AMP stock on March 5, 2013 at the average price of $70.42. Executive Vice President Deirdre Davey Mcgraw and other multiple insiders all also sold shares of AMP stock during the past week.

Sally Beauty Holdings Inc. (SBH, Financial): Senior VP and CFO Mark J. Flaherty Sold 96,250 Shares

Senior Vice President and CFO Mark J. Flaherty sold 96,250 shares of SBH stock on March 6, 2013 at the average price of $29. Mark J. Flaherty owns at least 45,368 shares after this. The price of the stock has increased by 0.21% since.

Sally Beauty Holdings Inc. began operations with a single store in New Orleans in 1964 and was acquired in 1969 by its former parent Company, Alberto-Culver. Sally Beauty Holdings Inc. has a market cap of $5.11 billion; its shares were traded at around $29.06 with a P/E ratio of 20.7469 and P/S ratio of 1.5239. Sally Beauty Holdings Inc. had an annual average earnings growth of 14.7% over the past 5 years. GuruFocus rated Sally Beauty Holdings Inc. the business predictability rank of 4-star.

Sally Beauty has released its first quarter 2013 results. For this quarter, consolidated net sales increased 4.7% from the first quarter of 2012 to $905.4 million, with same store sales growth of 2.8%. First quarter 2013 net income was $59 million, a 5.9% increase over adjusted first quarter 2012 income of $55.7 million. The diluted EPS was $0.32, compared to the first quarter 2012 adjusted EPS of $0.29.

Chairman, President and CEO Gary Winterhalter sold 170,000 shares of SBH stock on March 8,2013 at the average price of $29.53. Vice President, Chief Accounting Office, and Controller Janna Minton sold 8,250 shares of SBH stock on March 6, 2013 at the average price of $29.25.

Infoblox Inc. (BLOX, Financial): CFO Remo Canessa Sold 94,000 Shares

CFO Remo Canessa sold 94,000 shares of BLOX stock on March 11, 2013 at the average price of $21.7. Remo Canessa owns at least 397,892 shares after this. The price of the stock has increased by 0.18% since.

Infoblox Inc. was originally incorporated in Illinois in February 1999 and reincorporated in Delaware in May 2003. Infoblox Inc. has a market cap of $1.07 billion; its shares were traded at around $21.74 with and P/S ratio of 4.3745.

Infoblox Inc. recently reported second quarter 2013 net revenue of $54.4 million, a 32% increase from prior year quarter. The GAAP net loss was $3.0 million ($0.07 per share), compared to a net loss of $1.1 million ($0.10 per share) prior year quarter. Non-GAAP income was $3.0 million ($0.06 per share) compared to $1.6 million last year.

President and CEO Robert D. Thomas sold 107,135 shares of BLOX stock on March 6, 2013 at the average price of $21.83. Director Michael L. Goguen, Executive Vice President, Engineering Sohail M. Parekh, and other multiple insiders all also sold shares of BLOX stock.

Zipcar Inc. (ZIP, Financial): CFO Edward G. Goldfinger Sold 70,163 Shares

CFO Edward G. Goldfinger sold 70,163 shares of ZIP stock on March 11, 2013 at the average price of $12.24. The price of the stock has decreased by 67.73% since.

Zipcar Inc. was incorporated in Delaware in January 2000. Zipcar Inc. has a market cap of $500.642 million; its shares were traded at around $3.95 with a P/E ratio of 34.965 and P/S ratio of 1.8252.

Zipcar Inc. has released its fourth quarter 2012 results. Fourth quarter revenue increased 12% to $70.7 million, and GAAP net income grew to $13.8 million ($0.34 per diluted share) from $3.9 million ($0.09 per share) prior year quarter.

Chairman of the Board and CEO Scott W. Griffith sold 25,580 shares of ZIP stock on March 11, 2013 at the average price of $12.25.

Cameron International Corporation (CAM, Financial): Senior VP and CFO Charles M. Sledge Sold 63,728 Shares

Senior Vice President and CFO Charles M. Sledge sold 63,728 shares of CAM stock on March 15, 2013 at the average price of $67. Charles M. Sledge owns at least 100,226 shares after this. The price of the stock has decreased by 0.45% since.

Cooper Cameron Corporation, a Delaware corporation, was incorporated on November 10, 1994. Cameron International Corporation has a market cap of $16.52 billion; its shares were traded at around $66.7 with a P/E ratio of 22.0751 and P/S ratio of 1.9451. Cameron International Corporation had an annual average earnings growth of 20.9% over the past 10 years. GuruFocus rated Cameron International Corporation the business predictability rank of 4-star.

Cameron International Corporation reported fourth quarter 2012 GAAP net income of $218.3 million ($0.88 per diluted share), compared to the fourth quarter 2011 EPS of $0.40. Revenues increased to $2.4 billion, up 20% from the $2 billion generated prior year quarter.

Senior Vice President James E. Wright sold 21,728 shares of CAM stock on March 14, 2013 at the average price of $66.38.

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