Wednesday, January 10, 2018 10:15 PM ET
Significant Insider Sales Reported in Shares of Salesforce.com (CRM) Extending the Trend of Last Quarter
A significant level of insider sales in Salesforce.com was reported in form 4 documents filed with the SEC today. Three insiders — Marc Benioff, Director and Officer, Parker Harris, Officer, and Susan Wojcicki, Director — sold 5,850 shares in the company having a market value of approximately $1,943,980. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 34,536 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 40,386 shares and have averaged 5,821 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Salesforce.com is above its 18-company peer group average. The Cloud Computing Services peer group saw 33 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Salesforce.com insiders is lower than its peers. Within the peer group there were 5,380 shares purchased and 679,358 shares sold with company insiders disposing of 20,424 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
Today’s Insider Activity
* Marc Benioff, Director and Officer, sold 10,000 shares
* Parker Harris, Officer, sold 1,850 shares
* Susan Wojcicki, Director, bought 6,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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