Sunday, August 16, 2015

Insider Selling - Salesforce.com Inc, Facebook Inc, Adobe Systems Inc

All three officials have made reasonable gains through these transactions

These are the current insider selling activities that happened at Salesforce.com Inc. (NYSE:CRM), Facebook Inc. (NASDAQ:FB), and Adobe Systems Inc. (NASDAQ:ADBE)

Salesforce Inc

Founder and CEO Salesforce.com Inc., Marc
Benioff, sold 25,000 shares (0.08% of his stake) at an agreed value of $1,798,480 in a series of transactions that took place on August 13 and 14, 2015. Following these transactions, Mr. Benioff holds 37.66 million shares of the company.

Salesforce.com has recently added e-commerce to its community cloud that allows businesses to build websites to have one-on-one interaction with customers

Facebook Inc

Co-founder and the first investor in Facebook Inc., Peter Thiel, sold 1,072,033 shares (5% of his stake) at an agreed value of $100,410,133 in a series of transactions that took place on August 11, 2015. Following these transactions, Mr. Thiel holds 19.66 million shares of the company.

Facebook has recently announced that there is a security flaw that allows hackers to gain access to user info such as their profile details including the mobile number. The social media giant’s team of engineers has been unable to find out the technical reasons for such a flaw.

Adobe Systems Inc

Chief Marketing Officer and SVP of Adobe Systems Inc., Ann Lewnes, sold 4,000 shares (10% of her stake) at an agreed value of $332,640 in a transaction that took place on August 12, 2015. After these transactions, Ms. Lewnes holds 38,405 shares of the company. Adobe Systems stock hit an all-time high on Friday of 86.38, during intraday on bullish reports about the company.

via TNT
The Tech Zone
The Tech Zone

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