CEO, President of Informatica Corporation Sohaib Abbasi Sold 43,400 Shares
CEO and President of Informatica Corporation (NASDAQ:INFA) Sohaib Abbasi sold 43,400 shares at an average price of $38.23. The total transaction amount was $1,659,182.
Sohaib Abbasi joined Informatica Corporation in July 2004 as president and CEO. Before coming to Informatica, Abbasi worked at Oracle Corporation for 20 years.
CFO, CAO, EVP-GCS and Secretary Earl E. Fry bought 853 shares of INFA stock in January 2013 and also sold 140,000 shares in March 2013. Other directors or officers also either bought or sold shares of this company’s stock.
GuruFocus guru George Soros reduced his position in INFA. As of March 31, 2013, he owns 100,000 shares of stock. Steve Mandel sold out his holdings in the 2013 first financial quarter.
Informatica Corporation reported its 2013 first quarter results. The company announced that revenues increased 9% year-over-year to $214.3 million; GAAP net income was $17.9 million, compared to the $26.5 million in the 2012 first quarter.