Salesforce Com Inc (CRM) Files Form 4 Insider Selling : Marc Benioff Sells 25,000 Shares

Salesforce Com Inc (CRM): Marc Benioff , Chairman of the Board & CEO of Salesforce Com Inc sold 25,000 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $76.84 per share for a total value of $1,918,244.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 21, 2016, Alexandre Dayon (Pres, Applications & Platform) sold 1,038 shares at $76.66 per share price.On Apr 20, 2016, Marc Benioff (Chairman of the Board & CEO) sold 37,500 shares at $76.61 per share price.Also, On Apr 19, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $76.43 per share price.On Apr 19, 2016, John Victor Roos (director) sold 180 shares at $77.53 per share price.

Shares of (CRM) ended Friday, Apr 22, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -0.87% at $76.48 with 31,84,509 shares getting traded. Post opening the session at $76.23, the shares hit an intraday low of $75.35 and an intraday high of $76.87 and the price vacillated in this range throughout the day. The company has a market cap of $51,310 M and the number of outstanding shares has been calculated to be 67,09,00,000 shares. The 52-week high of is $82.9 and the 52-week low is $52.6. Money Flow Index Chart

Company has been under the radar of several Street is Initiated by Macquarie to Outperform. The Rating was issued on Mar 4, is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 82 from a previous price target of $88 . The Rating was issued on Feb 25, is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 95 from a previous price target of $92 .The Rating was issued on Feb 25, is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $67 .The Rating was issued on Feb 25, is Upgraded by Credit Agricole to Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 10, 2016. inc. is a provider of enterprise cloud computing solutions that include apps and platform services as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications. The Company offers consulting deployment training implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices on a subscription basis primarily through its direct sales efforts and indirectly through partners.

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