U.S. Markets close in 12 mins

Weekly CFO Sells Highlight

According to GuruFocus insider data, the recent chief financial officer sells were Okta Inc. (NASDAQ:OKTA) and Dell Technologies Inc. (NYSE:DELL).

Okta CFO sold 20,000 shares

CFO William E. Losch sold 20,000 shares for $116.83 per share on Oct. 14. Since then, the share price has decreased by 13.32%. Okta has a market cap of $12.13 billion and its shares were traded around $101.27. The company has a price-sales ratio of 23.15.


Okta announced its third-quarter results with revenue of $140.48 million and gross profit of $101.70 million, while the net loss was $42.98 million. The 2019 total revenue was $399.25 million, a 54% increase from 2018. The gross profit was $285.83 million, a 59% increase from the year prior. The net loss was $125.50 million.

Director Benjamin A. Horowitz sold 48,899 shares of Okta for $115.77 per share on Oct. 15. Since then, the stock has declined 12.52%. Charles Race sold 50,000 shares for $116.47 per share on Oct. 10. Since then, shares have tumbled 13.05%.

Dell Technologies CFO sold 100,000 shares

CFO Thomas W. Sweet sold 100,000 shares for $50.51 per share on Oct. 16. Since then, the share price has decreased by 0.83%. Dell Technologies has a market cap of $36.3 billion and its shares were traded around $50.09. The company has a price-earnings ratio of 15.56 and a price-sales ratio of 0.40.

Dell Technologies announced its third-quarter results with $23.37 billion in revenue and a gross profit of $7.33 billion, while the net income was $3.69 billion. The 2019 total revenue was $90.62 billion, a 15% increase from 2018. The gross profit was $25.05 billion, a 25% increase from the year prior. The net loss was $2.31 billion.

Chief Marketing Officer Allison Dew sold 4,926 shares for $50.66 per share on Oct. 17. Since then, the stock has slid 1.13%. President of Services and Digital Howard D. Elias sold 7,702 shares for $50.35 per share on Oct. 15. Since then, the stock has decreased by 0.52%. President and Chief Commercial Officer Marius Haas sold 167,275 shares for $51.88 per share on Oct. 1. Since then, the shares have declined 3.45%.

Disclosure: None.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.