By Todd Sullivan of Value Plays
This is amazing…..the insider dumping at $CRM did not stop just because it was the Thanksgiving holiday. On 11/22-25 more insiders cashed out. What is even more surprising is they were dumping options 3 and 4 years before they expired. This is a trend we have been seeing lately I would think it goes to the mindset of their expectations of stock prices going forward. When you see 1 or 2 insiders doing it, it can be ignored as an anomaly (maybe they are selling for a specific reason unrelated to the biz) but when it seems they all are….one HAS to take notice.
Here is the laundry list:
VP Koplow, $74K worth 3 and 4 years before expiration
COO Hu $103K worth 3 and 4 years before expiration
CFO Smith (remember he dumped on the eve of a disappointing earnings report) dumped another $79K 3 and 4 years before expiration
VP Harris sold $5.4M 34 days before expiration and $79K worth 3 and 4 years before expiration
Officer Van Veenendaal sold $77K 3 and 4 years before expiration
This continue the unabated selling of share we have seen forever in $CRM