On July 9, 2013, CEO of LinkedIn Corp (NYSE:LNKD) Jeff Weiner sold 37,000 shares at an average price of $189.83. The total transaction amount was $7,023,710.
Jeff Weiner joined LinkedIn Corp in 2008. Before coming to this company, he worked at Accel Partners and Greylock Partners and was the executive vice president of Yahoo!’s Network Division.
In addition to his sale on July 9, CEO Jeff Weiner sold 154,952 shares of LNKD stock in May and June. CFO and SVP Steven J. Sordello sold 81,657 shares of stock from March to June. Also, other directors and officers sold LNKD stock during July.
GuruFocus Guru George Soros initiated his position in LinkedIn Corp and bought 60,000 shares in the first 2013 financial quarter. Ron Baron kept his position in the company unchanged; he owns 246,326 shares as of March 31, 2013.
With revenues of $324.7 million and net income of $22.6 million, LinkedIn Corp. announced its 2013 first quarter financial results.