Weekly CEO Buys Highlight
- By Joy Hu
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Intrexon CEO bought 1,739,471 shares
Intrexon Corp. (XON) CEO and 10% Owner Randal J. Kirk bought 1,739,471 shares during the past week at the average price of $4.67.
Intrexon is a biotechnology company that develops synthetic biology solutions. The company designs, builds and regulates gene programs. Its technologies are broadly applicable across a wide range of diverse end markets. Intrexon's business model is to commercialize its technologies through exclusive channel collaborations with collaborators that have specific industry expertise, development resources and sales and marketing capabilities, in order to bring new and improved products and processes to market. The company has a market cap of $756.37 million. Its shares traded at $4.69 as of May 24.
Net loss for the first quarter of 2019 was $62 million compared to $47 million for the prior-year period.
Kirk bought 838,482 shares on May 15 at a price of $4.4; 633,631 shares on May 21 at a price of $4.65; 422,423 shares on the same day at a price of $4.65; 410,050 shares on May 24 at a price of $4.69; and 273,367 shares on May 24 at a price of $4.69. The price of the stock has decreased by 0% since.
Bunge CEO bought 38,588 shares
Bunge Ltd. (BG) CEO Gregory A. Heckman bought 38,588 shares on May 21 at a price of $51.93. The price of the stock has decreased by 2.66% since.
Founded in 1818, Bunge is a global agribusiness and food company with operations along the farm-to-consumer food chain. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products. Bunge also grows and processes Brazilian sugar cane to produce sugar and ethanol. The company has a market cap of $7.15 billion. Its shares traded at $50.55 with a price-earnings ratio of 23.96 as of May 24.
Net income for the first quarter of 2019 was $45 million compared to net loss of $21 million for the prior-year quarter.
President of Global Risk Management Brian Zachman bought 10,000 shares on May 22 at a price of $51.28. The price of the stock has decreased by 1.42% since.
Director Henry Ward Winship IV bought 4,000 shares on May 22 at a price of $51.4. The price of the stock has decreased by 1.65% since.
ARMOUR Co-CEO and president bought 80,000 shares and co-CEO and chief investment officer bought 80,000 shares
ARMOUR Residential REIT Inc. (ARR) Co-CEO and President Jeffrey J. Zimmer bought 80,000 shares on May 22 at a price of $17.93. Co-CEO and CIO Scott Ulm also bought 80,000 shares the same day at a price of $17.93. The price of the stock has increased by 1.12% since.
ARMOUR Residential REIT is a real estate investment trust that primarily invests in residential mortgage-backed securities, or RMBS. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. The company has a market cap of $1.08 billion. Its shares traded at $18.13 as of May 24.
Net loss for the first quarter of 2019 was $114.38 million compared to net income of $44.75 million for the prior-year period.
Chief Financial Officer James R. Mountain bought 3,000 shares on May 15 at a price of $18.55. The price of the stock has decreased by 2.26% since.
Chairman of the Board Daniel C. Staton bought 5,000 shares on May 9 at a price of $18.7. The price of the stock has decreased by 3.05% since.
Director Robert C. Hain sold 750 shares on May 20 at a price of $18.27. The price of the stock has decreased by 0.77% since.
Cognizant CEO bought 19,000 shares
Cognizant Technology Solutions Corp. (CTSH) CEO Brian Humphries bought 19,000 shares on May 23 at a price of $61.09. The price of the stock has increased by 1.28% since.
Cognizant is an IT services provider with headquarters in Teaneck, New Jersey. The firm generates approximately 77% of group revenue from the North American market and roughly 90% of group revenue from its three main industries: financial services, health care, and manufacturing, retail, and logistics. The company has a market cap of $35.22 billion. Its shares traded at $61.87 with a price-earnings ratio of 17.72 as of May 24.
2019 first quarter net income was $441 million compared to $520 million in the year-ago quarter.
Senior Vice President, Controller and Chief Accounting Officer Robert Telesmanic sold 3,343 shares of on May 20 at a price of $60. The price of the stock has increased by 3.12% since.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned.
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This article first appeared on GuruFocus.
