Credit: Shutterstock photoChairman and CEO of Novatel Wireles ( NVTL ) Peter V. Leparulo bought 50,000 shares on 6/14/2012 at an average price of $2.39. The total transaction amount is $119,500. Novatel Wireless Inc. is a provider of wireless data modems and software for use with handheld computing devices and portable personal computers. Novatel Wireless has a market cap of $78.6 million; its shares were traded at around $2.405 with and P/S ratio of 0.2.
Previously, CEO Peter Leparulo has not made any trades in the company. Aside from Novatel being bought by its CEO, its CFO Kenneth Leddon has also increased his positions within the company. CTO Slim Souissi also bought 100,000 shares of NVTEL on 5/7/2012 at the average price of $1.98.
Peter V. Leparulo is the CEO and Chairman of Novatel Wireless Inc. He was Chief Executive Officer from January 2003 to November 2006, a director at Novatel since May 2003 and Executive Chairman of the Board since November 2006. He graduated from Colgate College with a degree in science.
Charles Brandes owns 22,000 shares as of 03/31/2012, an increase of 100% from the previous quarter. This position accounts for less than 0.01% of the $11.32 billion portfolio of Brandes Investment.
Novatel Wireless has a predictability rating of 1 star. Revenue growth on average per share was 10.8% for the past 10 years, and 6.3% for the past 5 years. It should also be noted that the stock price has greatly fluctuated from 10 years ago, with a month-end stock price of 97 cents in December of 2002, going all the way up to $16.20 as of December 2007, and ending at $3.13 in December 2011. Earnings per share were positive for 5 out of the past 10 years.
Novatel holds $75.32 million in cash and has no long-term debt. The company has about $55 million in intangible assets, or about one-fifth of its total assets. NVTL has about $4 million in long-term liabilities. It bought back about $0.19 million worth of shares in 2011.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
