Salesforce Com Inc (CRM): Marc Benioff , Chairman of the Board & CEO of Salesforce Com Inc sold 50,000 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were sold at $79.33 per share for a total value of $3,957,320.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 8, 2016, Keith Block (Pres., Vice Chairman and COO) sold 40,000 shares at $81.00 per share price.On Jul 8, 2016, Lawrence Tomlinson (director) sold 1,600 shares at $78.50 per share price.Also, On Jul 5, 2016, Marc Benioff (Chairman of the Board & CEO) sold 25,000 shares at $79.96 per share price.On Jul 5, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $78.70 per share price.
Shares of salesforce.com (CRM) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -1.16 points or -1.45% at $78.67 with 41,63,379 shares getting traded. Post opening the session at $79.1, the shares hit an intraday low of $78.26 and an intraday high of $79.24 and the price vacillated in this range throughout the day. The company has a market cap of $53,299 M and the number of outstanding shares has been calculated to be 67,75,00,000 shares. The 52-week high of salesforce.com is $84.48 and the 52-week low is $52.6.
Company has been under the radar of several Street Analysts.salesforce.com is Initiated by BMO Capital Markets to Outperform and the brokerage firm has set the Price Target at $98. The Rating was issued on Jun 15, 2016.salesforce.com is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $90 .The Rating was issued on May 19, 2016.salesforce.com is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 101 from a previous price target of $93 .The Rating was issued on May 19, 2016.salesforce.com is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $85 .The Rating was issued on May 19, 2016.salesforce.com is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 95 from a previous price target of $88 .The Rating was issued on May 19, 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.