Solera Holdings, Inc. and its subsidiaries provide automobile insurance claims processing software and services to insurance companies, collision repair facilities, independent assessors, and automotive recyclers.

On June 4, a director sold 4.4 million shares at $26 and netted $115 million as part of a secondary offering- and the company didn’t net any proceeds. The company typically trades only 4-500k shares a day, so this is a very large transaction. Ironically, the stock has gone up since the transaction and finished 6/9/08 at almost $28. The stock has risen very nicely since September 2007 from just over $17 to just under $28 today. Interesting that this sale didn’t hurt the stock- maybe it will continue to move higher.

Track directors’ sell transactions at:

http://www.trackthepros.com/categories.php?category_id=662