Weekly CFO Sells Highlight: FB, HAR, SAAS, DSW, LYV

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Sep 02, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Facebook Inc., Harman International Industries Inc., inContact Inc., DSW Inc. and Live Nation Entertainment Inc.

Facebook Inc. (FB, Financial): CFO David A. Ebersman Sold 223,400 Shares

CFO of Facebook Inc. (FB) David A. Ebersman sold 223,400 shares during the past week at an average price of $40.

Facebook Inc. was incorporated in Delaware in July 2004. Facebook Inc has a market cap of $100.56 billion; its shares were traded at around $41.29 with a P/E ratio of 188.68 and P/S ratio of 17.01.

For its second quarter 2013 ended June 30, Facebook Inc. reported revenues of $1.81 billion – an increase of 53% compared with $1.18 billion the prior year quarter. Non-GAAP income was $488 million compared to $295 million last year. Also for this quarter, daily average users increased 27% year-over-year, with GAAP operating margin at 31% compared to a negative 63% last year.

VP, Gen. Counsel & Secretary Colin Stretch sold 24,007 shares of FB stock on 08/27/2013 at the average price of $39.63. Chief Technology Officer Michael Todd Schroepfer and multiple other insiders have all also sold shares of FB stock during the past week.

Harman International Industries Inc. (HAR, Financial): EVP and CFO Herbert K. Parker Sold 144,677 Shares

EVP and CFO Herbert K. Parker sold 144,677 shares of HAR stock on 08/26/2013 at the average price of $67.56. Herbert K. Parker owns at least 4,659 shares after this. The price of the stock has decreased by 5.42% since.

Harman International Industries Inc. was incorporated in the state of Delaware in 1980. Harman International Industries Inc. has a market cap of $4.36 billion; its shares were traded at around $63.90 with a P/E ratio of 31.35 and P/S ratio of 1.07. The dividend yield of Harman International Industries Inc. stocks is 1.17%.

Harman International has released its fourth quarter 2013 results ended June 30, 2013. For this quarter, the company increased net sales by 8% year-over-year to $1.182 billion, with non-GAAP operating income of $87 million and EPS of $0.91.

Director Liu Jiren and other insiders all also sold shares of HAR stock over the previous week.

inContact Inc. (SAAS, Financial): CFO Gregory S. Ayers Sold 120,000 Shares

CFO Gregory S. Ayers sold 120,000 shares of SAAS stock on 08/26/2013 at the average price of $8.54. Gregory S. Ayers owns at least 19,900 shares after this. The price of the stock has decreased by 4.8% since.

inContact Inc is a provider of cloud-based contact center solutions. Incontact Inc. has a market cap of $444.388 million; its shares were traded at around $8.13 with and P/S ratio of 3.46.

For its second quarter 2013 ended June 30, inContact Inc. reported consolidated revenue of $31.1 million and net loss of $1.8 million ($0.03 per share). This compares to revenue of $26.1 million and net loss of $1.8 million ($0.04 per share) in the prior year quarter.

Chief Business Officer Bassam Salem sold 15,000 shares of SAAS stock on 08/23/2013 at the average price of $8.53.

DSW Inc. (DSW, Financial): EVP and CFO Douglas J. Probst Sold 60,000 Shares

EVP and CFO Douglas J. Probst sold 60,000 shares of DSW stock on 08/29/2013 at the average price of $85.82. Douglas J. Probst owns at least 13,090 shares after this. The price of the stock has increased by 0.17% since.

DSW Inc. was incorporated in the state of Ohio on January 20, 1969 and opened its first DSW store in Dublin, Ohio in July 1991. DSW Inc has a market cap of $3.9 billion; its shares were traded at around $85.97 with a P/E ratio of 27.78 and P/S ratio of 1.70. The dividend yield of DSW Inc stocks is 0.71%. DSW Inc. had an annual average earnings growth of 36.8% over the past five years.

DSW Inc. has released its second quarter 2013 results. Second quarter reported sales increased 9.7% to $562 million, and net income was $33.7 million ($0.73 per share) compared to $29.3 million ($0.65 per share) for the same quarter last year. The company announced a dividend of $0.25 per share to be paid September 30, 2013.

EVP-Chief Marketing Officer Derek Ungless sold 22,260 shares of DSW stock on 08/28/2013 at the average price of $85.47.

Live Nation Entertainment Inc. (LYV, Financial): EVP and CFO Elizabeth Kathleen Willard Sold 50,000 Shares

EVP and CFO Elizabeth Kathleen Willard sold 50,000 shares of LYV stock on 08/29/2013 at the average price of $17.26. Elizabeth Kathleen Willard owns at least 300,301 shares after this. The price of the stock has decreased by 2.26% since.

Live Nation Inc. was incorporated in Delaware in August 2, 2005 in preparation for the contribution and transfer by Clear Channel Communications Inc. Live Nation Entertainment Inc. has a market cap of $3.35 billion; its shares were traded at around $16.87 with and P/S ratio of 0.54.

For its second quarter of 2013, Live Nation Entertainment reported revenue growth of 8% to $1.67 billion and operating income growth to $97.8 million from $43.0 million last year.

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