Parker Harris, Co-Founder of Salesforce.com, Inc. (NYSE:CRM), completed a stock disposition of 11,333 shares yesterday. The Common Stock was sold directly and in two batches, unloading 9,500 shares for a weighted average price of $52.85 per share and another 1,833 shares for $53.88 per share. In addition to this, the insider also exercised his use of non-qualified stock options in order to complete the transaction. Harris has executed several stock sales over the past quarter, with his most recently completed last Tuesday. Then he had unloaded 10,933 shares of Common Stock for a price of $54.55 per share.
Furthermore, insider stock sales have been quite frequent at the $32.66 billion market cap provider of cloud computing services. In fact, Marc Benioff, Chairman of the Board and Chief Executive Officer of the firm, disposed of 20,000 shares of Common Stock just this Friday, for a weighted average price of $54.17 per share. The sale was executed the day after he had sold 20,000 shares for prices ranging between $53.97 and $54.54 per share.