Salesforce Com Inc (CRM): Marc Benioff , Chairman of the Board & CEO of Salesforce Com Inc sold 37,500 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $74.92 per share for a total value of $2,804,185.50 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.salesforce.com is Initiated by Macquarie to Outperform. The Rating was issued on Mar 4, 2016.salesforce.com 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, 2016.salesforce.com 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, 2016.salesforce.com 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, 2016.salesforce.com 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.
Currently the company Insiders own 7.12% of salesforce.com shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -3.03%.Institutional Investors own 85.71% of salesforce.com shares.During last six month period, the net percent change held by insiders has seen a change of -4.95%.
Shares of salesforce.com (CRM) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.69 points or -0.92% at $74.16 with 21,51,806 shares getting traded. Post opening the session at $75.47, the shares hit an intraday low of $74.13 and an intraday high of $75.5 and the price vacillated in this range throughout the day. The company has a market cap of $49,754 M and the number of outstanding shares has been calculated to be 67,09,00,000 shares. The 52-week high of salesforce.com is $82.9 and the 52-week low is $52.6.
salesforce.com 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.