According to GuruFocus Insider Data, the recent CFO sales were: Adobe Systems Inc. (ADBE), Facebook Inc. (FB), and Constellation Brands Inc. (STZ).
Adobe Systems Inc.: EVP, CFO and Asst. Secretary Mark Garrett sold 26,899 shares
On Aug. 17, Garrett sold 26,899 shares at an average price of $86.49. The price of the stock has increased by 3.63%. Adobe Systems Inc. has a market cap of $44.67 billion and its shares were traded at around $89.63. The company has a P/E ratio of 92.11 and P/S ratio of 9.48. Over the past 10 years, Adobe Systems Inc. had an annual average earnings growth of 2.40%.
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The intrinsic value of ADBE
Adobe Systems Inc. announced its 2015 fourth-quarter results with revenues of $1.31 billion and gross profit of $1.11 billion, while the net income was $222.71 million. The 2015 total revenue was $4.80 billion, a 16% increase from the 2014 total revenue. The 2015 gross profit was $4.05 billion, a 15% increase from the 2014 gross profit. The 2015 net income was $629.55 million.
On Dec. 1, President and CEO Shantanu Narayen sold 22,422 shares at an average price of $91.89. The price of the stock has decreased by 2.46%. On Jan. 22, Co-Chairman of the Board John E Warnock sold 37,000 shares at an average price of $89.05. The price of the stock has increased by 0.65%. On Oct. 29, SVP, Gen. Counsel and Secretary Michael A Dillon sold 5,000 shares at an average price of $88.12. The price of the stock has increased by 1.71%.
Facebook Inc.: CFO David M. Wehner sold 12,587 shares
On Nov. 16, Wehner sold 12,587 shares at an average price of $102.01. The price of the stock has decreased by 3.99%. Facebook Inc. has a market cap of $276.97 billion and its shares were traded at around $97.94. The company has a P/E ratio of 99.11 and P/S ratio of 17.44.
Facebook announced its 2015 third-quarter results with revenues of $4.5 billion and gross profit of $3.78 billion, while the net income was $891 million. The 2014 total revenue was $12.47 billion, a 58% increase from the 2013 total revenue. The 2014 gross profit was $10.31 billion, a 72% increase from the 2013 gross profit. The 2014 net income was $2.93 billion.
On Jan. 19, VP, Gen. Counsel and Secretary Colin Stretch sold 4,877 shares at an average price of $94.33. The price of the stock has increased by 3.83%. On Jan. 15, Chief Technology Officer Michael Todd Schroepfer sold 29,892 shares at an average price of $94.99. The price of the stock has increased by 3.11%. On Jan. 15, COO Sheryl Sandberg sold 37,711 shares at an average price of $94.83. The price of the stock has increased by 3.28%.