Weekly CEO Sells Highlight: Installed Building Products Inc, Express Scripts, Adobe Systems Inc, and Sanchez Energy Corp.

Author's Avatar
Jun 23, 2014

According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Installed Building Products Inc, Express Scripts, Adobe Systems Inc, and Sanchez Energy Corp.

Installed Building Products Inc (IBP, Financial): President, CEO & Chairman, 10% Owner Jeffrey Edwards sold 4,800,000 Shares

President, CEO & Chairman, 10% Owner of Installed Building Products Inc (IBP, Financial) Jeffrey Edwards sold 4,800,000 shares on June 17 at an average price of $11.88. Installed Building Products Inc has a market cap of $376.091 million; its shares were traded at around $12.29 with and P/S ratio of 0.63.

Installed Building Products Inc announced their 2014 first quarter results. The Company reported revenues of $105.9 million and net loss of $19.5 million.

President, CEO & Chairman, 10% Owner Jeffrey W. Edwards sold 4,800,000 shares of IBP stock on June 17 at the average price of 11.88. Director Michael H Thomas bought 10,000 shares of IBP stock on Feb. 19 at the average price of 11.

Express Scripts (ESRX, Financial): Chairman & CEO George Paz sold 681,508 Shares

Chairman & CEO of Express Scripts (ESRX, Financial) George Paz sold 681,508 shares on June 13 at an average price of $71.21. Express Scripts was incorporated in Missouri in September 1986, and reincorporated in Delaware in March 1992. Express Scripts has a market cap of $53.18 billion; its shares were traded at around $68.74 with a P/E ratio of 30.90 and P/S ratio of 0.55. Express Scripts had an annual average earnings growth of 25.70% over the past 10 years. GuruFocus rated Express Scripts the business predictability rank of 4.5-star.

Express Scripts announced their 2014 first quarter financial results with revenues of $23.7 billion and net income of $328.3 million.

Chairman & CEO George Paz sold 681,508 shares of ESRX stock on June 13 at the average price of 71.21. President Timothy C Wentworth, Sr. VP & Ch. Information Off. Gary Wimberly, Sr. Vice President, Operations Christine Houston, Exec. VP, Sales and Mktg Edward Ignaczak, and Senior VP, Supply Chain David A Norton sold 293,338 shares of ESRX stock in March and May.

Adobe Systems Inc (ADBE, Financial): President and CEO Shantanu Narayen sold 439,000 Shares

President and CEO of Adobe Systems Inc (ADBE, Financial) Shantanu Narayen sold 439,000 shares on 06/19/2014 at an average price of $72.65. Adobe Systems Inc was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. Adobe Systems Inc has a market cap of $36.14 billion; its shares were traded at around $72.61 with a P/E ratio of 137.80 and P/S ratio of 9.19. Adobe Systems Inc had an annual average earnings growth of 5.50% over the past 10 years.

Adobe Systems Inc reported their 2014 second fiscal results. The Company announced revenues of $1.1 billion and net income of $0.17 per diluted share.

President and CEO Shantanu Narayen sold 639,000 shares of ADBE stock from February to June. EVP, CFO & Asst. Secretary Mark Garrett sold 59,294 shares of ADBE stock from January to May. EVP WW Field Operations Matthew Thompson, Director Michael R Cannon, Co-Chairman of the Board John Warnock, and VP, Corp. Controller & PAO Richard Rowley sold 108,473 shares of ADBE stock in April and June.

Sanchez Energy Corp (SN, Financial): President and CEO Antonio Sanchez sold 425,000 Shares

President and CEO of Sanchez Energy Corp (SN, Financial) Antonio R Sanchez Iii sold 425,000 shares on June 18 at an average price of $35.25. Sanchez Energy Corpheadquartered in Houston, Texas, is a public company engaged in the exploration for and development of oil and natural gas. Sanchez Energy Corp has a market cap of $1.98 billion; its shares were traded at around $38.00 with and P/S ratio of 3.71.

Sanchez Energy Corp announced revenues of $134.6 million and net income of $3.4 million for their 2014 first financial quarter.

President and CEO Antonio R Sanchez Iii sold 425,000 shares of SN stock on 06/18/2014 at the average price of 35.25. Senior VP and CFO Michael G Long sold 7,754 shares of SN stock on Jan 18 at the average price of 24.37. Director Gilbert A Garcia bought 1,000 shares of SN stock on Jan 6 at the average price of 24.44. Exec. Chairman of the BoD, 10% Owner Antonio R Jr Sanchez and V.P. & Principal Acct. Officer Kirsten A Hink sold 705,623 shares of SN stock in January, February, May, and June.

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