Insiders Sold $10 Million Plus Worth of These Stocks Last Week

A number of insiders at companies have sold more than $10 million in stock in the past week.  Following are details on these transactions:

  1. Acme Packet, Inc. (NASDAQ:APKT):  Gary Bowen, who is Director, sold 200,000 shares on Apr 29 at a market price of $83.40 for total proceeds of $16,679,594. This insider presently holds 732,193 shares in the company.  About the company: Acme Packet, Inc. provides session border controllers for Internet service providers.  The Company’s products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol.
  2. Baker Hughes Incorporated (NYSE:BHI): James Stewart, who is Director, sold 225,000 shares on May 03 at a market price of $72.67 for total proceeds of $16,349,924. This insider presently holds 291,167 shares in the company.  About the company: Baker Hughes Incorporated supplies reservoir-centered products, services, and systems to the worldwide oil and gas industry.  The Company provides products and services for oil and gas exploration, drilling, completion, and production.  Baker Hughes also manufactures and markets a variety of roller cutter bits and fixed cutter diamond bits.
  3. Covidien plc (NYSE:COV): Richard Meelia, who is Chairman, President and CEO, sold 352,795 shares on Apr 29 at a market price of $56.07 for total proceeds of $19,782,627. This insider presently holds 147,012 shares in the company.  About the company: Covidien PLC is a global healthcare products company.  The Company develops, manufactures and distributes a diverse range of medical devices and supplies, diagnostics imaging agents, pharmaceuticals and other healthcare products for use in clinical and home settings.
  4. Complete Production Services, Inc. (NYSE:CPX): Joseph Winkler, who is Chairman and CEO, sold 293,749 shares on Apr 29 at a market price of $34.11 for total proceeds of $10,020,513. This insider presently holds 711,352 shares in the company.  About the company: Complete Production Services, Inc. offers services to the oil and gas production industry.  The Company establishes, maintains, and enhances the flow of oil and gas throughout the life of a well, offers land drilling, specialized rig logistics and site preparation services, and offers products such as completion, flow control and artificial lift equipment, and tubular goods.
  5. CARBO Ceramics, Inc. (NYSE:CRR): Robert Rubin, who is Director, sold 100,000 shares on May 02 at a market price of $156.59 for total proceeds of $15,659,226. This insider presently holds 500,550 shares in the company.  About the company: CARBO Ceramics, Inc. produces and supplies ceramic proppants for use in the oil and gas industry.  The Company also provides foundry metal casting, and industrial mineral grinding.  Carbo has manufacturing plants worldwide.
  6. Google, Inc. (NASDAQ:GOOG): Sergey Brin, who is Co-Founder, sold 83,334 shares on May 03 at a market price of $535.27 for total proceeds of $44,606,541. This insider presently holds 0 shares in the company.  Note that according to this recent 13F filing, Brin holds 0 Class A common shares, which are traded publicly. He continues to hold a significant stake of Class B common shares (AKA “founders’ shares”). About the company: Google, Inc. is a global technology company that provides a web-based search engine through its website.  The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  7. Johnson & Johnson (NYSE:JNJ): William Weldon, who is Chairman/CEO, sold 300,000 shares on May 03 at a market price of $66.15 for total proceeds of $19,845,000. This insider presently holds 328,590 shares in the company.  About the company: Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets.  The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.
  8. Key Energy Services, Inc. (NYSE:KEG): Carter Ward, who is Director, sold 10,870,349 shares on May 02 at a market price of $17.63 for total proceeds of $191,644,253. This insider presently holds 3,185,504 shares in the company.  About the company: Key Energy Services, Inc. provides onshore, rig-based well services, including well maintenance, workover, completion and re-completion, and plugging and abandonment.  The COmpany also provide oilfield trucking and ancillary oilfield services.  In addition, Key Energy Services contracts for onshore drilling operations and produces and develops oil and natural gas reserves.
  9. MarketAxess Holdings, Inc. (NASDAQ:MKTX): Robert Trudeau, who is Director, sold 1,002,770 shares on May 02 at a market price of $23.51 for total proceeds of $23,573,230. This insider presently holds 04,716 shares in the company.  MarketAxess Holdings, Inc. operates an electronic, multi-dealer to client platform for US and European high-grade corporate and emerging markets bond trading.  The Company’s technology delivers price discovery and trade execution services to institutional and broker-dealer clients.
  10. Praxair Inc. (NYSE:PX): Stephen Angel, who is President & CEO, sold 250,000 shares on Apr 29 at a market price of $106.30 for total proceeds of $26,575,300. This insider presently holds 14,053 shares in the company.  About the company: Praxair, Inc. supplies gas to industries primarily located in North and South America.  The Company produces, sells, and distributes atmospheric gases including oxygen, nitrogen, argon, and rare gases, as well as process gases including carbon dioxide, helium, hydrogen, electronics gases, and acetylene.  Praxair also supplies metallic and ceramic coatings and powders.
  11. Shutterfly, Inc. (NASDAQ:SFLY): Jeffrey Housenbold, who is President and Chief Executive Officer, sold 180,000 shares on May 02 at a market price of $57.90 for total proceeds of $10,422,000. This insider presently holds 197,664 shares in the company.  About the company: Shutterfly, Inc. operates an e-commerce Internet website.  The website offers a wide range of photo-related products and services for social expression and personal publishing.
  12. Stanley Black & Decker, Inc. (NYSE:SWK): John Lundgren, who is President & CEO, sold 250,000 shares on Apr 26 at a market price of $77.50 for total proceeds of $19,375,000. This insider presently holds 604,235 shares in the company.  About the company: Stanley Black & Decker Inc. is a diversified worldwide supplier of tools and solutions for professional, industrial and construction do-it-yourself use.  The Company’s products include mechanical and electronic security products and systems, professional industrial and automotive mechanics tools, hand tools, consumer mechanics tools, storage systems, pneumatic tools and fasteners.
  13. Travelzoo Inc. (NASDAQ:TZOO): Azzuro Capital Inc., which is a Director, sold 320,000 shares on Apr 26 at a market price of $91.87 for total proceeds of $29,398,400. This insider presently holds 10,616,518 shares in the company.  Ralph Bartel, who is Director, sold 320,000 shares on Apr 26 at a market price of $91.87 for total proceeds of $29,398,400. He also sold 180,000 shares on Apr 27 at a market price of $86.43 for total proceeds of $15,557,400. This insider presently holds 10,436,518 shares in the company.  The Ralph Bartel 2005 Trust, which is a Director, sold 316,800 shares on Apr 26 at a market price of $91.87 for total proceeds of $29,104,416. This insider presently holds 10,619,359 shares in the company.  About the company: Travelzoo, Inc. provides online marketing solutions to the travel industry.  Through the Company’s Web site, its newsletter, and by using its listing management software, travel companies can inform Internet users about their specials.  Travelzoo serves companies such as Alamo Rent-A-Car, Delta Airlines, Expedia, and Hilton Hotels.
  14. Waters Corp. (NYSE:WAT): John Ornell, who is CFO, sold 180,000 shares on Apr 29 at a market price of $97.85 for total proceeds of $17,612,768. This insider presently holds 03,004 shares in the company.  About the company: Waters Corporation provides high-performance liquid chromatography products and services.  The Company distributes its products worldwide to a wide range of industries, such as pharmaceuticals, chemicals, and environmental testing.  Waters also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments and related software products.
  15. WABCO Holdings, Inc. (NYSE:WBC): Jacques Esculier, who is Chairman of the Board and CEO, sold 159,346 shares on May 03 at a market price of $72.68 for total proceeds of $11,581,736. This insider presently holds 127,202 shares in the company.  About the company: WABCO Holdings, Inc. manufactures electronic braking, stability, suspensions and transmission control systems for commercial vehicles.

Note: Financial data is taken from Yahoo! Finance.  Selected other data is taken from Google Finance and publicly available SEC filings.  All data are assumed to be accurate.

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>