Weekly CFO Sells Highlight: BLOX, ASGN, SBUX, WAGE, TIVO

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Jun 17, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Infoblox Inc., On Assignment Inc., Starbucks Corporation, WageWorks Inc. and Tivo Inc.

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

CFO Remo Canessa sold 94,000 shares of BLOX stock on 06/06/2013 at the average price of $24.5. Remo Canessa owns at least 397,892 shares after this. The price of the stock has increased by 11.22% 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 $1.35 billion; its shares were traded at around $27.25 with and P/S ratio of 6.22.

Infoblox Inc. recently reported third quarter 2013 GAAP net loss of $0.3 million ($0.01 per diluted share), compared with a loss of $1 million ($0.07 per share) in the third quarter of 2012. Non-GAAP income was $6 million compared to $2.2 million last year. Total net revenue was $58 million this quarter, an increase of 34% over prior year quarter.

President and CEO Robert D. Thomas sold 95,000 shares of BLOX stock on 06/12/2013 at the average price of $27.51. Executive VP, Engineering Sohail M. Parekh sold 4,600 shares of BLOX stock on 06/10/2013 at the average price of $26.23.

On Assignment Inc. (ASGN, Financial): CFO of Apex Systems Inc. Theodore S. Hanson Sold 75,000 Shares

CFO of Apex Systems Inc. Theodore S. Hanson sold 75,000 shares of ASGN stock on 06/13/2013 at the average price of $26.15. Theodore S. Hanson owns at least 430,798 shares after this. The price of the stock has increased by 0.57% since.

On Assignment Inc. was incorporated on Dec. 30, 1985. On Assignment Inc. has a market cap of $1.4 billion; its shares were traded at around $26.30 with a P/E ratio of 21.98 and P/S ratio of 0.93. On Assignment Inc. had an annual average earnings growth of 14.3% over the past five years.

On Assignment Inc. generated first quarter 2013 revenues of $389.2 million, up 13.6% over the same period of last year. Gross profit was up 115% year-over-year to $113.3 million, and income from continuing operations increased to $10.6 million from $9.7 million last year. Adjusted EBITDA was $34.1 million this quarter, compared to $28.4 million prior year quarter.

President and CEO Peter T. Dameris sold 50,000 shares of ASGN stock on 05/28/2013 at the average price of $27.27.

Starbucks Corporation (SBUX, Financial): CFO and CAO Troy Alstead Sold 63,385 Shares

CFO and CAO Troy Alstead sold 63,385 shares of SBUX stock on 06/10/2013 at the average price of $66.12. Troy Alstead owns at least 153,102 shares after this. The price of the stock has decreased by 0.48% since.

Starbucks Corporation was formed in 1985. The Company purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich-brewed coffees, Italian-style espresso beverages, cold blended beverages, complementary food items, a selection of teas, and beverage-related accessories and equipment, through its Company-operated retail stores. Starbucks Corporation has a market cap of $49.39 billion; its shares were traded at around $65.80 with a P/E ratio of 33.22 and P/S ratio of 3.60. The dividend yield of Starbucks Corporation stocks is 1.22%. Starbucks Corporation had an annual average earnings growth of 14% over the past 10 years. GuruFocus rated Starbucks Corporation the business predictability rank of 3-star.

Starbucks has released its second quarter 2013 results. For this quarter, net revenues increased 11% to $3.6 billion, while comparable store sales increased 6%. Second quarter EPS were $0.51, a 20% increase over prior year quarter. Consolidated operating income grew 26% to $544 million.

WageWorks Inc. (WAGE, Financial): CFO Richard T. Green Sold 55,000 Shares

CFO Richard T. Green sold 55,000 shares of WAGE stock on 06/11/2013 at the average price of $27.08. Richard T. Green owns at least 3,707 shares after this. The price of the stock has increased by 9.16% since.

WageWorks Inc was founded in 2000 and it was incorporated in state of Delaware. Wageworks Inc has a market cap of $981.359 million; its shares were traded at around $29.56 with a P/E ratio of 68.49 and P/S ratio of 4.65.

WageWorks Inc. recently reported first quarter 2013 revenues of $56.1 million, a 27% increase over the previous year quarter. GAAP net income for the company was $4.6 million ($0.14 per diluted share), compared to $0.3 million ($0.02 per share) last year. First quarter non-GAAP adjusted EBITDA increased 47% to $14 million.

Director Bruce G. Bodaken sold 61,500 shares of WAGE stock on 06/13/2013 at the average price of $29.7. Multiple other insiders have also recently sold shares of WAGE stock.

Tivo Inc. (TIVO, Financial): CFO Naveen K. Chopra Sold 37,177 Shares

CFO Naveen K. Chopra sold 37,177 shares of TIVO stock on 06/06/2013 at the average price of $13.93. Naveen K. Chopra owns at least 451,488 shares after this. The price of the stock has decreased by 18.23% since.

Tivo Inc. was incorporated in August 1997 as a Delaware corporation. Tivo Inc. has a market cap of $1.41 billion; its shares were traded at around $11.39 with a P/E ratio of 263.16 and P/S ratio of 4.45.

Tivo Inc. has released its results for its first quarter ended April 30, 2013. The company reported net loss of $10.3 million, compared to a loss of $20.8 million prior year quarter.

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