Office Space: Insider Trading (Deal Breaker)
We don’t know much about working at cloud-computing company Palo Alto Networks. We do know that it is based in Silicon Valley (in spite of the name, Santa Clara), and so is probably infused with some degree of the ethos of that place (matcha bars, overuse of the word “disruption,” etc.), and also that the traffic is terrible. We’re sure that, regardless of its leadership’s belief that it is different and special and unique as a snowflake, as are all the other unicorns striding about the Valley, it also shares many of the discontents of every other white-collar job in America: office birthday parties, loud receptionists in adjoining cubicles, malfunctioning office equipment, a multiplicity of bosses whose own precise roles are unclear but who are constantly demanding some sort of accountability in the form of reports, Bobs from McKinsey prowling the halls asking, “What is it that you do here?”…
Indian IT Professional Friends Charged with Insider Trading in US (TheWeek.in)
New York, Dec 19 (PTI) An Indian IT professional and his four friends have been charged by the Securities and Exchange Commission (SEC) with insider trading for repeatedly trading on confidential earnings information about a Silicon Valley cloud-computing company, reaping millions of dollars in trading profits. Janardhan Nellore, 42 a former IT administrator at the technology company in Silicon Valley, was at the center of the trading ring, using his IT credentials and work contacts to obtain highly confidential information about his employer’s quarterly earnings and financial performance, the Commission said in a statement.
Dolby Laboratories Inc (DLB) President and CEO Kevin J Yeaman Sold $1.1 million of Shares (Guru Focus)
President and CEO of Dolby Laboratories Inc., Kevin J Yeaman, sold 17,406 shares of DLB on 12/17/2019 at an average price of $65.86 a share. The total sale was $1.1 million. Dolby Laboratories Inc is an audio and imaging technologies company that transforms entertainment and communications at the cinema, at home, at work and on mobile devices. It derives its revenue from licensing audio technologies. Dolby Laboratories Inc has a market cap of $6.88 billion; its shares were traded at around $68.65 with a P/E ratio of 28.13 and P/S ratio of 5.78.
The EVP, Chief Legal & Compliance of Cornerstone Building Brands (NYSE: CNR) is Selling Shares (Analyst Ratings)
Yesterday, the EVP, Chief Legal & Compliance of Cornerstone Building Brands (CNR), Todd Moore, sold shares of CNR for $195.3K. Following Todd Moore’s last CNR Sell transaction on April 02, 2019, the stock climbed by 2.9%.
