All three executives have made good gains on these transactions
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| Insider Selling |
These are the insider selling activities of major tech companies that took place at Salesforce.com (NYSE:CRM), PayPal Holdings Inc. (NASDAQ:PYPL), and GoPro Inc. (NASDAQ:GPRO)
SALESFORCE.COM
Founder and CEO of Salesforce.com, Marc Benioff, sold 12800 shares (0.03% of his holdings) at a value of $1,744,378 in multiple transactions dated August 6, 2015. Following these transactions, he has 37.66 million shares outstanding.
Microsoft and Salesforce.com have made major investments of almost $5.3 billion to buy the data-integration giant named informatica. The acquisition deal is said to be the biggest leveraged buyout of this year.
PAYPAL HOLDINGS INC.
CEO OF eBay Inc., Donahoe John J, sold 507251 shares (more than 50% of his holdings) at a of $20,011,610 in a transaction dated August 5, 2015. Following the transaction, he has 305,836 shares of the company left with him.
PayPal has recently received a Buy rating from the analysts at Topeka Capital Markets who believe the high growth prospects of the company offer a good upside potential. They have given a Buy rating with a Target Price (TP) of $44, offering a decent upside potential
GOPRO INC.
One of the Directors of GoPro, Edward A. Gilhuly, sold 96,600 shares (5% of his holdings) at a value of $6,137,095 in a series of transactions dated August 5 and August 6, 2015. After these transactions, he has 1,799,417 shares of the company left with him.
GoPro is all set to launch one of the most powerful videographic equipment, GoPro Hero 5, by the start of 2016. GoPro expects that it will be the best action camera launched till date.
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