salesforce.com, inc. (NYSE:CRM) Posts Insider Trading

1339

Dallas, Texas 12/04/2013 (Financialstrend) – If there is one name in enterprise computing solutions for the cloud, then it is salesforce.com, inc. (NYSE:CRM). The company software has been the software for nearly every small and large sized company to create customized customer interaction experiences.

Insider Selling

salesforce.com, inc. (NYSE:CRM) has since seen some insider selling scenarios with the Chairman Veenendaal Frank Van selling nearly 3,226 shares on November 29th . The disclosure as recorded in the Securities and Exchange Commission, highlights that the per share price at which they sold were $51.05. Currently, the chairman holds 21,893 shares valued at $1,117,638.

On Dec 2nd, Director Craig Conway too was found to have sold 1600 shares selling at prices of $2.00 per share transacting a volume of $83,200. At the end of the sale, the director now holds 17,456 shares priced at $907,712.

CRM trades high

On Tuesday, the shares were found to trade at 0.14% higher closing the day at $51.63. The volumes traded were in the region of3, 831,840 shares. The 52-week high has been at $58.37 while the low point has been $36.09.

The recent quarter performance saw the company mark $0.08 earnings per share as against an estimation of $0.09.

Known popularly as the customer collaboration software, the company continues to drive technology standards in this segment.

As one of the established cloud-based providers, companies can chose an effective subscription to access and reach social enterprises across the web as well as feed core storage requirements. Salesforce.com delivers its services through browsers and is compatible for mobile service deliveries as well.

In the past few years, the company has been growing in strength through a series of acquisitions and expansions. As late as July 2013, Salesforce.com has acquired ExactTarget, while earlier in May it added Clipboard Inc to its company.

Salesforce.com is now being backed by several analysts who propose a ‘buy’ on the cloud computing giant.