Salesforce Com Inc (CRM): Marc Benioff , Chairman of the Board & CEO of Salesforce Com Inc sold 37,500 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $74.20 per share for a total value of $2,782,500.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Marc Benioff (Chairman of the Board & CEO) sold 37,500 shares at $75.82 per share price.On May 3, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $75.45 per share price.Also, On May 3, 2016, John Victor Roos (director) sold 180 shares at $76.40 per share price.On Apr 27, 2016, Mark J Hawkins (Chief Financial Officer) sold 8,624 shares at $76.14 per share price.
salesforce.com: On Friday, May 6, 2016 heightened volatility was witnessed in salesforce.com which led to swings in the share price. The shares opened for trading at $73.5 and hit $74.32 on the upside , eventually ending the session at $74.25, with a gain of 0.60% or 0.44 points. The heightened volatility saw the trading volume jump to 30,80,213 shares. The 52-week high of the share price is $82.9 and the company has a market cap of $49,814 M . The 52-week low of the share price is at $52.6.
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.
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.