Salesforce Com Inc (CRM) Files Form 4 Insider Selling : Marc Benioff Sells 12,500 Shares

Salesforce Com Inc (CRM): Marc Benioff , Chairman of the Board and CEO of Salesforce Com Inc sold 12,500 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $73.49 per share for a total value of $917,388.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 20, 2016, Marc Benioff (Chairman of the Board and CEO) sold 12,500 shares at $73.40 per share price.On Sep 20, 2016, Parker Harris (Co-Founder) sold 5,000 shares at $73.40 per share price.Also, On Sep 19, 2016, Susan Wojcicki (director) purchased 1,356 shares at $73.71 per share price.On Sep 12, 2016, Alexandre Dayon (Pres. & Chief Product Officer) sold 2,158 shares at $73.82 per share price.

Shares of salesforce.com (CRM) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.12% at $72.91 with 48,33,461 shares getting traded. Post opening the session at $73.54, the shares hit an intraday low of $72.66 and an intraday high of $73.79 and the price vacillated in this range throughout the day. The company has a market cap of $49,516 M and the number of outstanding shares has been calculated to be 67,91,43,490 shares. The 52-week high of salesforce.com is $84.48 and the 52-week low is $52.6.

salesforce.com Money Flow Index Chart

Company has been under the radar of several Street Analysts.salesforce.com is Reiterated by Mizuho to Buy while Lowering the Price Target of the company shares to $ 85 from a previous price target of $100 . The Rating was issued on Sep 1, 2016.salesforce.com is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 86 from a previous price target of $98 . The Rating was issued on Sep 1, 2016.salesforce.com is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 85 from a previous price target of $91 . The Rating was issued on Sep 1, 2016.salesforce.com is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 96 from a previous price target of $98 . The Rating was issued on Sep 1, 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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