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Weekly CFO Sells Highlight

- By Myra Ramdenbourg

According to GuruFocus insider data, the recent chief financial officer sells were Advanced Micro Devices Inc. (AMD) and Sarepta Therapeutics Inc. (SRPT).

Advanced Micro Devices CFO sold 130,000 shares

Senior Vice President, CFO and Treasurer Devinder Kumar sold 130,000 shares for $19.82 per share on Jan. 29. Since then, the share price has climbed 16.3%. Advanced Micro Devices has a market cap of $23.04 billion and its shares traded around $23.05. The company has a price-earnings ratio of 72.03 and a price-sales ratio of 3.98.


Advanced Micro Devices announced its fourth-quarter results with revenue of $1.42 billion and gross profit of $537 million, while net income was $38 million. The 2018 total revenue was $6.48 million, a 22% increase from 2017. The gross profit was $2.45 million, a 34% increase from the year prior. The net income was $337 million.

Mubadala Investment C. PJSC sold 34,906,166 shares for $23.43 per share on Feb. 5. Since then, the share price has decreased 1.62%. Senior Vice President and General Manager Forrest Eugene Norrod sold 50,000 shares for $20.29 per share on Jan. 28. Since then, the share price has climbed 13.6%.

Sarepta Therapeutics CFO sold 130,000 shares

Executive Vice President, CFO and Chief Business Officer Sandesh Mahatme sold 65,000 shares for $145 per share on Feb. 7. Since then, the share price has tumbled 11.81%. Sarepta has a market cap of $8.54 billion and its shares were traded around $127.87. The company has a price-sales ratio of 30.39. Over the past five years, Sarepta had an annual average earnings growth of 2.70%.

Sarepta announced its third-quarter results with revenue of $78.49 million and gross loss of $16.84 million, while the net loss was $76.39 million. The 2017 total revenue was $154.58 million, a 3% decrease from 2016. The gross loss was $18.69 million, a 4% decrease from the year prior. The net loss was $50.69 million. It will post third-quarter results on March 7.

Senior Vice President and Chief Commercial Officer Alexander Cumbo sold 15,000 shares for $140 per share on Feb. 1. Since then, the share price has declined 8.66%. Senior Vice President and General Counsel David T. Howton sold 30,000 shares for $140 per share on Feb. 1. Since then, the share price has fallen 8.66%.

Disclosure: None.

This article first appeared on GuruFocus.