Insider Selling: salesforce.com, inc. CEO Marc Benioff Sells 60,000 Shares of Stock (CRM), totaling 220,000 Shares Sold in 4 transactions over 4 consecutive weeks

This is Mr. Benioff's 4th selling transaction in about 4 weeks totally 220,000 shares sold.  Click Here to read of his previous 3 selling transactions of 160,000 shares.   It appears the sell off continues with Mr. Benioff, as Mr. Benioff is worth $3 Billion, it's not a lot of money (for him)....but the interest is about the optics of the CEO selling 220,000 shares of a stock [CRM] in 4 separate transactions over 4 weeks of what many consider to be the most overvalued stock there is (click to read why).   They optics lean towards lending credence of the criticism of salesforce.com's valuation.

 Lindsey Winhoffer for writes: WatchListNews.com salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 60,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $57.78, for a total transaction of $3,466,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $72.00 price target on the stock, down previously from $75.00. Separately, analysts at Barclays raised their price target on shares of salesforce.com, inc. from $63.00 to $67.00 in a research note on Thursday, September 4th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Monday, August 25th. They now have a $63.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.93.

Shares of salesforce.com, inc. (NYSE:CRM) traded up 1.01% on Friday, hitting $58.24. The stock had a trading volume of 6,461,091 shares. salesforce.com, inc. has a 52-week low of $48.18 and a 52-week high of $67.00. The stock has a 50-day moving average of $57.02 and a 200-day moving average of $55.63. The company’s market cap is $36.051 billion.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.09 earnings per share. salesforce.com, inc.’s revenue was up 37.9% compared to the same quarter last year. On average, analysts predict that salesforce.com, inc. will post $0.52 earnings per share for the current fiscal year.

Kashoo Update: The Best Accounting You’ll Find on iOS 8

Kashoo writes: It’s like the folks at Apple were developing iOS 8 with simple cloud accounting in mind! (OK. That’s probably not true whatsoever, but we can dream, right?)

In all seriousness, we’re excited to announce that version 4.0 of the Kashoo iOS app (for your iPhone and your iPad) is out and available for download to give you the best accounting experience in the universe. (Again, potentially not true, but currently not refuted.)

Here’s a quick look at what’s new and improved…

• First off, version 4.0 of Kashoo requires iOS 8 so if you haven’tupdated your iPhone and/or iPad software, do that first.

• Next up: Action Extension. With this feature you can now choose to invoke Quick Entry from other apps on your phone. Here’s an example: within an app, choose an image and then tap the Share icon. When the default share sheet appears, you’ll see the Kashoo app icon within the list of apps to perform an action with. Tapping the app icon will cause Quick Entry to appear and the image will automatically be included as an attachment. This significantly reduces the time you’ll spend jumping back and forth between apps.

• We’ve also added Touch ID support. If you’re on one of our paid plans, and have a passcode enabled on your business, you can use your iOS device’s Touch ID (on supported devices) when unlocking your business. And of course you’ll still have the passcode option too.

• Reports are now available on the iPhone! Now when you’re sitting in the airport (or wherever, really), you can pull up those P&Ls, Balance Sheets, Aged Payables, Aged Receivables, Trial Balance, General Ledger, Journal, and Chart of Accounts reports. You’ll get these advanced reports with all of our paid plans (not sure what plan you’re on, or want to know the options? Our support team is here to help!).  This gives you deeper insight into the financial health of your business—in the palm of your hand. (Plus, it’s now easier than ever to fire off these reports to your accountant, business partner or mom if you just want to show her how awesome your business is doing.)

• The last  (or perhaps the first) thing you’ll notice in the new Kashoo iPhone and iPad apps is the new look and feel. We’ve refreshed colors and styles to not only give the app a little more pop but also to help make your accounting experience as intuitive as possible.