Salesforce Com Inc (CRM) Files Form 4 Insider Selling : Parker Harris Sells 5,000 Shares

Salesforce Com Inc (CRM): Parker Harris , Co-Founder of Salesforce Com Inc sold 5,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $77.00 per share for a total value of $384,997.50 , 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 17, 2016, John Victor Roos (director) sold 180 shares at $77.40 per share price.On May 16, 2016, Craig Conway (director) sold 400 shares at $76.81 per share price.Also, On May 16, 2016, Marc Benioff (Chairman of the Board & CEO) sold 25,000 shares at $76.51 per share price.On May 12, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $75.71 per share price.

salesforce.com: On Monday, May 16, 2016 heightened volatility was witnessed in salesforce.com which led to swings in the share price. The shares opened for trading at $76.67 and hit $77.69 on the upside , eventually ending the session at $77.31, with a gain of 1.23% or 0.94 points. The heightened volatility saw the trading volume jump to 41,41,822 shares. The 52-week high of the share price is $82.9 and the company has a market cap of $51,867 M . The 52-week low of the share price is at $52.6.

salesforce.com Money Flow Index Chart

Company has been under the radar of several Street Analysts.salesforce.com is Reiterated by Jefferies to Hold and the brokerage firm has raised the Price Target to $ 74 from a previous price target of $60 .The Rating was issued on May 17, 2016.salesforce.com is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 88 from a previous price target of $72 .The Rating was issued on May 12, 2016.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 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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