econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 20 March 2016

Insider Trading 18 March 2016: Workday, Facebook, Reynolds Selling

by Asif Suria

Insider buying more than doubled last week with insiders buying $269.24 million of stock compared to $103.49 million in the week prior. Selling on the other hand decreased with insiders selling $1.33 billion of stock last week compared to $2.15 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 4.93. In other words, insiders sold almost 5 times as much stock as they purchased.

The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 20.79. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio March 18, 2016

Insider Sell Buy Ratio March 18, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Incyte Corporation (INCY): $65.07

Director Julian Baker acquired 800,000 shares of this drug discovery and development company, paying $63.98 per share for a total amount of $51.18 million. These shares were acquired indirectly through Baker Brothers Life Sciences Capital and other related entities.

You can view the list of recent insider transactions for Incyte Corporation here.

P/E: 2Forward P/E: 51.24Industry P/E: 26.02
P/S: 15.66Price/Book: 68.76EV/EBITDA: 195.89
Market Cap: $12.18BAvg. Daily Volume: 2,446,02052 Week Range: $55 - $133.62

2. Seattle Genetics, Inc. (SGEN): $33.92

Director Felix Baker acquired 1,349,237 shares of this biotech company, paying $32.10 per share for a total amount of $43.31 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

This is the fifth week in a row we have seen the Baker Bros add to their position and the total this week exceeds the purchases we saw in each of the prior four weeks.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/AForward P/E: N/AIndustry P/E: 26.02
P/S: 13.71Price/Book: 6.72EV/EBITDA: -38.49
Market Cap: $4.75BAvg. Daily Volume: 1,359,66052 Week Range: $26.02 - $52.33

3. OvaScience, Inc. (OVAS): $8.74

Chief Executive Officer Michelle Dipp acquired 221,761 shares of this biotech company, paying $7.68 per share for a total amount of $1.7 million. These shares were purchased indirectly by Longwood Fund III LP.

We normally tend to exclude purchases made by venture capital firms like Longwood but decided to make an exception in this case because Ms. Dipp is both the co-founder and partner of Longwood as well as the CEO and co-founder of OvaScience.

You can view the list of recent insider transactions for OvaScience, Inc. here.

P/E: N/AForward P/E: N/AIndustry P/E: N/A
P/S: 779.01Price/Book: 1.7EV/EBITDA: -1.57
Market Cap: $238.60MAvg. Daily Volume: 486,63452 Week Range: $4.53 - $55.69

4. Tempur Sealy International Inc. (TPX): $63.19

Shares of this bedding products company were acquired by 2 insiders:

  • CEO & President Scott L. Thompson acquired 35,000 shares, paying $57.67 per share for a total amount of $2.02 million. Mr. Thompson increased his stake by 50.23% to 104,686 shares with this purchase.

  • EVP & President North America Richard W. Anderson acquired 17,430 shares, paying $57.32 per share for a total amount of $999,091. Mr. Anderson increased his stake by 50.18% to 52,162 shares with this purchase.

You can view the list of recent insider transactions for Tempur Sealy International Inc. here.

P/E: 54.01Forward P/E: 13.95Industry P/E: 16.26
P/S: 1.23Price/Book: 13.32EV/EBITDA: 13.23
Market Cap: $3.94BAvg. Daily Volume: 1,319,00052 Week Range: $50.8 - $82.61

5. Sarepta Therapeutics, Inc. (SRPT): $18

Shares of this biotech company were acquired by 3 insiders:

  • Director M. Kathleen Behrens acquired 75,000 shares, paying $16.28 per share for a total amount of $1.22 million. Ms. Behrens increased her stake by 201.80% to 112,166 shares with this purchase. 10,000 of these shares were purchased indirectly through a trust.

  • Director Richard Barry acquired 75,000 shares, paying $15.66 per share for a total amount of $1,174,185. Mr. Barry increased his stake by 2.37% to 3,241,014 shares with this purchase.

  • Director Ben Gil Price acquired 4,500 shares, paying $16.70 per share for a total amount of $75,144. Mr. Price increased his stake by 11.74% to 42,830 shares with this purchase.

You can view the list of recent insider transactions for Sarepta Therapeutics, Inc. here.

P/E: N/AForward P/E: N/AIndustry P/E: 26.02
P/S: 620.66Price/Book: 4.08EV/EBITDA: -3.18
Market Cap: $822.00MAvg. Daily Volume: 1,943,75052 Week Range: $10.2 - $41.97

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Workday, Inc. (WDAY): $72

Shares of this application software company were sold by 6 insiders:

  • Chairman David A. Duffield sold 350,000 shares for $70.29, generating $24.6 million from the sale. These shares were sold indirectly by The Dave & Cheryl Duffield Foundation.

  • Vice Chairman Michael A. Stankey sold 141,000 shares for $47.23, generating $6.66 million from the sale. 47,000 of these shares were sold as a result of exercising options immediately prior to the sale.

  • Co-President Philip W. Wilmington sold 34,275 shares for $70.43, generating $2.41 million from the sale.

  • Senior Vice President James Bozzini sold 12,500 shares for $71.02, generating $887,742 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

  • Co-President & CFO Mark S. Peek sold 8,817 shares for $72.31, generating $637,557 from the sale.

  • Director Michael M. McNamara sold 3,400 shares for $69.79, generating $237,286 from the sale. These shares were sold indirectly by Flextronics International USA, Inc. 2005 Senior Executive Deferred Compensation Plan.

You can view the list of recent insider transactions for Workday, Inc. here.

P/E: N/AForward P/E: 257.14Industry P/E: 32.42
P/S: 11.62Price/Book: 11.89EV/EBITDA: -69.36
Market Cap: $13.82BAvg. Daily Volume: 2,710,00052 Week Range: $47.32 - $93.62

2. Facebook, Inc. (FB): $111.45

Shares of Facebook were sold by 4 insiders:

  • Chief Operating Officer Sheryl Sandberg sold 109,000 shares for $111.46, generating $12.15 million from the sale. 52,504 of these shares were sold as a result of exercising options immediately prior to the sale.

  • Chief Product Officer Christopher K. Cox sold 21,534 shares for $109.78, generating $2.36 million from the sale.

  • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $109.13, generating $2.18 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

  • VP and General Counsel Colin Stretch sold 1,000 shares for $109.13, generating $109,130 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 86.19Forward P/E: 26.99Industry P/E: 30
P/S: 17.63Price/Book: 7.12EV/EBITDA: 36.3
Market Cap: $326.92BAvg. Daily Volume: 34,875,60052 Week Range: $72 - $117.59

3. Reynolds American Inc. (RAI): $50.69

Shares of this cigarettes manufacturer were sold by 12 insiders:

  • EVP & Chief Financial Officer Andrew D. Gilchrist sold 49,180 shares for $51.19, generating $2.52 million from the sale.

  • EVP, Gen. Counsel & Asst. Sec Martin L. Holton sold 41,752 shares for $51.19, generating $2.14 million from the sale.

  • EVP of RJRTC Jeffery S. Gentry sold 35,855 shares for $51.19, generating $1.84 million from the sale.

  • EVP & Chief HR Officer Lisa J. Caldwell sold 33,499 shares for $51.19, generating $1.71 million from the sale. 2,007 of these shares were sold indirectly by Ms. Lisa's spouse.

  • EVP - Public Affairs John Brice O'Brien sold 29,097 shares for $51.19, generating $1.49 million from the sale.

  • EVP - R&D of RJRT Daniel J. Herko sold 27,196 shares for $51.19, generating $1.39 million from the sale.

  • Executive Vice President Robert H. Dunham sold 22,262 shares for $51.19, generating $1.14 million from the sale.

  • SVP & Chief Accounting Officer Frederick W. Smothers sold 19,082 shares for $51.19, generating $976,786 from the sale.

  • SVP, Deputy GC & Secretary McDara Folan sold 17,498 shares for $51.19, generating $895,656 from the sale.

  • SVP & Treasurer Daniel A. Fawley sold 16,577 shares for $51.19, generating $848,531 from the sale.

  • EVP - Trade Marketing of RJRT Michael P. Auger sold 9,828 shares for $51.19, generating $503,067 from the sale.

  • EVP - Operations of RJRT Nancy H. Hawley sold 6,817 shares for $51.19, generating $348,938 from the sale.

You can view the list of recent insider transactions for Reynolds American Inc. here.

P/E: 19.72Forward P/E: 19.42Industry P/E: 21.83
P/S: 6.78Price/Book: 3.96EV/EBITDA: 20.6
Market Cap: $72.35BAvg. Daily Volume: 5,271,54052 Week Range: $33.71 - $52.54

4. The Priceline Group Inc. (PCLN): $1344.22

Shares of this online travel company were sold by 3 insiders:

  • Chief Financial Officer Daniel J. Finnegan sold 5,871 shares for $1341.94, generating $7.88 million from the sale.

  • Executive VP, General Counsel Peter J. Millones sold 5,871 shares for $1321.38, generating $7.76 million from the sale.

  • President & COO, Booking.com Gillian Tans sold 130 shares for $1315.15, generating $170,970 from the sale.

You can view the list of recent insider transactions for The Priceline Group Inc. here.

P/E: 27.18Forward P/E: 16.61Industry P/E: 19.03
P/S: 7.24Price/Book: 7.6EV/EBITDA: 20.05
Market Cap: $66.70BAvg. Daily Volume: 731,98752 Week Range: $954.02 - $1476.52

5. Activision Blizzard, Inc. (ATVI): $32.2

CEO, Activision Publishing Eric Hirshberg sold 287,847 shares of this multimedia & graphics software company for $32.47, generating $9.35 million from the sale. 120,858 of these shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Activision Blizzard, Inc. here.

P/E: 27.06Forward P/E: 15.48Industry P/E: 21.41
P/S: 5.12Price/Book: 2.96EV/EBITDA: 18.22
Market Cap: $23.67BAvg. Daily Volume: 10,418,00052 Week Range: $22.28 - $39.93

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Investing Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Investing


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Expected Effects of Petitions to Improve the Monetary System
Energy and Falling Productivity
News Blog
The World's Most Sustainable Cities
Big Sam In Bad Company
Other Ways To Spend Your AirPod Budget
Crashing Space Station Shows Why China Must Start To Collaborate In Orbit
NFL Edges Towards A Full House In London
What We Read Today 28 September 2016
October 2016 Economic Forecast: Outlook Insignificantly Declines But Little Economic Strength Entering 4Q2016
1 Minute. 34 Seconds. In The U.S., That's All It Takes To Register To Vote. A Single Registration Lasts A Lifetime Of Elections. We've Made It Easy For You Here: Http://g.co/elections/134
Durable Goods New Orders Unchanged in August 2016
90% Rally In Sugar Prices Since Late 2015
U.S. Real Wage Growth: Slowing Down With Age - Part 2 Of 2
Infographic Of The Day: Four Tips To Grow Wealth
Early Headlines: Asia Stocks Down, Yen Rises, Oil Soft, Wells CEO Gives Up Bonuses, Trump Didn't Want To Embarass Clinton, US Asset Bubbles, US Crime Rates Falling And More
Investing Blog
Will Deutsche Bank Survive
Banks Of Absurdity
Opinion Blog
The Federal Reserve Note
Trump, Trade And Taxes
Precious Metals Blog
War On Cash Turns To $20, $50, And $100 Bills
Live Markets
28Sep2016 Market Close: Wall Street Closes Higher After A Sluggish Start In The Morning, Crude Prices Close Higher In Face Of GS Saying Crude Will Fall, Indicators Neutral
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved