2 Insiders Sell Stock at salesforce.com, Inc. (CRM)


Salesforce.com, Inc. (NYSE:CRM) saw two of its insiders complete a stock disposition yesterday, following the most recent sales trend that has hit the company this past month. The talk is of Salesforce Chief Executive Officer and Chairman of the Board, Marc Benioff, who unloaded 20,000 shares of Common Stock, directly, paying a weighted average price of $58.97 per share. On Tuesday, Benioff had already sold another 20,000 shares of the $35.7 billion market cap cloud computing firm, paying an average price of $59.36 per share. Following the latest sale, the CEO now owns a total of 40.49 million shares.

Parker Harris, Co-Founder of Salesforce.com, also unloaded 11,333 shares of Common Stock yesterday, for $58.65 per share, and using 11,333 stock options. Although this is the first insider stock sale of the month for Harris, the Co-Founder completed several dispositions throughout June and the entire fiscal year. The latest sale, executed ten days ago, was once again of 11,333 shares for $57.64 per share, through stock options.

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