Monday, February 05, 2018 10:15 PM ET
Insider Sale at Salesforce.com (CRM) Continues Selling Trend
An insider — Marc Benioff, Director and Officer — sold 10,000 shares of Salesforce.com having a market value of approximately $1,107,124 today, as revealed in a form 4 document filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 6,000 company shares and the sale of 127,452 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 131,452 shares and have averaged 17,932 shares per transaction over this time period.
The level of buy/sell trading at Salesforce.com is is above the 18 peer company average over the last 90-day period. The Cloud Computing Services peer group saw 60 buy/sell trades during this period for an average of 3.3 transactions per company. The number of shares per buy/sell trade for Salesforce.com insiders was also higher. Within the peer group there were 9,000 shares purchased and 775,945 shares sold with company insiders selling 12,782 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.
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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