Weekly CEO Sales Highlight: pSivida Corp., Equity Residential, Ciena Corp., Sabre Corp.

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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: pSivida Corp., Equity Residential, Ciena Corp., Sabre Corp.

pSivida Corp. (PSDV): President and CEO Paul Ashton sold 120,000 shares

Ashton sold 120,000 shares on Dec. 22 at an average price of $5.39. pSivida Corp. was organized as a Delaware Corporation in March 2008. Psivida Corp. has a market cap of $128.550 million; its shares were traded at around $4.37 with and P/S ratio of 76.67.


pSivida Corp. announced its 2016 first fiscal quarter results. The company reported net sales of $466,000 and net loss of $4.9 million.

Vice President of Finance Leonard S Ross sold 40,000 shares of PSDV stock in August and December.

Equity Residential (EQR): President and CEO David J Neithercut sold 118,558 shares

Neithercut sold 118,558 shares on Dec. 17 at an average price of $80.04. Equity Residential, a Maryland real estate investment trust formed in March 1993, is an S&P 500 company. Equity Residential has a market cap of $29.46 billion; its shares were traded at around $80.87 with a P/E ratio of 34.10 and P/S ratio of 11.36. The dividend yield of Equity Residential stocks is 2.73%. Equity Residential had an annual average earnings growth of 2.50% over the past 10 years.

Equity Residential recognized revenues of $696.3 million and net income of $205.5 million in its 2015 third quarter financial report.

Executive Vice President and CFO Mark J. Parrell sold 31,503 shares of EQR stock in August and October. Executive Vice President and CIO Alan W George, Director John W Alexander, Vice Chairman Gerald A Spector, and Executive Vice President Alexander Brackenridge sold 147,418 shares of EQR stock altogether in December.

Ciena Corp. (CIEN): President and CEO Gary B Smith sold 114,860 shares

Smith sold 114,860 shares on Dec. 21 at an average price of $19.9. Ciena Corp has a market cap of $2.81 billion; its shares were traded at around $20.70 with and P/S ratio of 1.02.

Ciena Corp. announced its 2015 fiscal year results. The company declared net sales of $1.9 billion and net loss of $40.6 million.

SVP Finance and CFO James E Moylan Jr. sold 36,819 shares of CIEN stock in November and December.

Sabre Corp. (SABR): CEO and President Thomas Klein sold 114,856 shares

Klein sold 114,856 shares on Dec. 21 at an average price of $28.35. Sabre Corporation is incorporated in Delaware on December 2006. Sabre Corp. has a market cap of $7.77 billion; its shares were traded at around $28.00 with a P/E ratio of 16.68 and P/S ratio of 2.73. The dividend yield of Sabre Corp. stocks is 1.29%.

Sabre Corp. reported its 2015 third quarter financial results with revenues of $785.0 million and net income of $177.0 million.

Executive Vice President and CFO Richard A Simonson sold 60,000 shares of SABR stock in October and December. Executive Vice President Deborah Kerr, Executive Vice President Hugh W Jones, Vice Chair Gregory T Webb, and Director Lawrence W Kellner together sold 248,093 shares of SABR stock in November and December.

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

This article first appeared on GuruFocus.


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