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Weekly CFO Sells Highlight

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According to GuruFocus Insider Data, the recent chief financial officer (CFO) sells were for VMware Inc. (NYSE:VMW) and Cloudflare Inc. (NYSE:NET).

VMware Inc: CFO and Executive Vice President Zane Rowe sold 14,548 shares

CFO and Executive Vice President Zane Rowe sold 14,548 shares for $118.94 per share on April 1. Since then, the stock price has increased by 11.12%. VMware Inc. has a market cap of $55.25 billion and its shares were traded around $132.17. The company has a price-earnings ratio of 8.64 and price-sales ratio of 5.23. Over the past 10 years, VMware Inc. had an annual average earnings growth of 17.00%. GuruFocus rated VMware Inc. the business predictability rank of 4-star.


VMware announced its first-quarter results with revenue of $3.65 billion and gross profit of $2.95 billion, while the net income was $361 million. The 2019 total revenue was $10.81 billion, a 20% increase from 2018. The gross profit was $9.01 billion, a 17% increase from the year prior. The net income was $6.41 million.

Chief Operating Officer, Products and Cloud Services Rajiv Ramaswami sold 44,109 shares for $115.57 per share on April 2. Since then, the stock price has increased by 14.36%.

Cloudflare Inc: CFO Thomas J. Seifert sold 15,000 shares

CFO Thomas J. Seifert sold 15,000 shares for $24.60 per share on March 31. Since then, the stock price has decreased by 7.03%. Cloudflare Inc. has a market cap of $6.92 billion and its shares were traded around $22.87. The company has a price-sales ratio of 19.08.

Cloudflare announced its fourth-quarter results with revenue of $83.93 million and gross profit of $65.73 million, while the net loss was $28.15 million. The 2019 total revenue was $287.02 million, a 49% increase from 2018. The gross profit was $223.60 million, a 50% increase from the year prior. The net loss was $105.83 million.

Chief Operating Officer Michelle Zatlyn sold 206,100 shares for $23.27 per share on April 8. Since then, the stock price has decreased by 1.72%.

General Counsel Douglas James Kramer sold 13,334 shares for $23.56 per share on April 1. Since then, the stock price has decreased by 2.93%.

Disclosure: none

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This article first appeared on GuruFocus.