Weekly CFO Buys Highlight: iPass Inc, Radian Group Inc, Sonus Networks Inc.

Author's Avatar
Mar 01, 2015

According to GuruFocus Insider Data the recent CFO buys were: iPass Inc, Radian Group Inc, and Sonus Networks Inc.

iPass Inc. (IPAS, Financial): Senior VP and CFO Karen Willem bought 10,000 shares

On 02/23/2015, Senior VP and CFO Karen Willem bought 10,000 shares at an average price of $0.92. iPass Inc. has a market cap of $61.399 million and its shares were traded at around $0.95. The company has a P/E ratio of 10.60 and P/S ratio of 0.54.

iPass Inc. announced their 2014 third quarter results with revenues of $17.25 million and gross profit of $6.57 million; the net income was $4.41 million. The 2013 total revenue was $111.12 million, a 12% decrease from the 2012 total revenue. The 2013 gross profit was $42.43 million, an 18% decrease from the 2012 gross profit. The 2013 net income was $12.3 million.

On 02/24/2015, CEO Evan Kaplan bought 20,000 shares at an average price of $0.90. On 02/25/2015, Director Robert J Majteles bought 110,000 shares at an average price of $0.87. On 02/23/2015, Director John D Beletic bought 20,000 shares at an average price of $0.92.

Radian Group Inc. (RDN, Financial): EVP - CFO J Franklin Hall bought 5,000 shares

On 02/19/2015, EVP - CFO J Franklin Hall bought 5,000 shares at an average price of $15.71. The price of the stock has increased by 0.64% since. Radian Group Inc. has a market cap of $3.02 billion and its shares were traded at around $15.81. The company has a P/E ratio of 6.10 and P/S ratio of 2.69 with a dividend yield of 0.06%.

Radian Group Inc. announced their 2014 third quarter results with revenues of $309.25 million and gross profit of $259.8 million; the net income was $153.59 million. The 2013 total revenue was $758.99 million, an 8% decrease from the 2012 total revenue. The 2013 gross profit was $150.19 million, a 23% decrease from the 2012 gross profit. The 2013 net income was $196.99 million.

On 02/24/2015, COO of Radian Guaranty Richard Altman sold 18,400 shares at an average price of $15.88. The price of the stock has decreased by 0.44% since. On 02/17/2015, SVP, Corporate Controller Catherine Mary Jackson sold 4,292 shares at an average price of $15.98. The price of the stock has decreased by 1.06% since.

Sonus Networks Inc. (SONS, Financial): CFO Mark T Greenquist bought 4,000 shares

On 02/20/2015, CFO Mark T Greenquist bought 4,000 shares at an average price of $16. The price of the stock has increased by 6.62% since. Sonus Networks Inc. has a market cap of $843.301 million and its shares were traded at around $17.06. The company has a P/S ratio of 2.89.

Sonus Networks Inc. announced their 2014 third quarter results with revenues of $73.22 million and gross profit of $47.9 million; the net income was $5.2 million. The 2013 total revenue was $276.73 million, a 9% increase from the 2012 total revenue. The 2013 gross profit was $172.46 million, a 21% increase from the 2012 gross profit. The 2013 net income was $22.12 million.

On 10/31/2014, CEO and President Raymond P Dolan bought 200,000 shares at an average price of $17.15. The price of the stock has decreased by 0.52% since. On 02/25/2015, VP, Global Services Peter Polizzi sold 19,994 shares at an average price of $17. The price of the stock has increased by 0.35% since.