Monday, March 05, 2018 10:15 PM ET
Insider Selling in Salesforce.com (CRM) Shares Continues
One Salesforce.com insider Marc Benioff, Director and Officer, today, sold 10,000 shares having a market value of approximately $1,209,181, as revealed in a form 4 document filed with the SEC. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 12,000 company shares and the disposition of 231,726 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 229,726 shares and have averaged 25,373 shares per transaction over this time period.
Insider buy/sell trading at Salesforce.com is greater than the 18 peer company average over the last 90-day period. The Cloud Computing Services peer group saw 82 buy/sell trades during this period for an average of 4.6 transactions per company. The number of shares per buy/sell trade for Salesforce.com insiders was also higher. Within the peer group there were 12,000 shares purchased and 500,289 shares sold with company insiders disposing of 5,955 shares on average.
The data used in creating and writing in this story eliminates 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.
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