CRM will be one of the best investment for the next five years.
What they are building as a company, should be compare to Facebook for correct valuation.
I bought CRM last year just below $100 and will keep it for another few years.
Wait a minute. You are wrong! 500 is way too low. I say 700 in 2013! This baby is cheaper tahn never before. Pick it up now and you'll have a 400% guaranteed gain in 24 months!
(Disclosure: I am short on CRM)
If you are referring to Marc Benioff, he only takes $1.35 million in salary--that is why he sells some of his CRM options. He owns close to 10% of Salesforce.com (last time I checked.) According to Yahoo, he stopped selling some months ago.
Many fast growing tech companies give options in lieu of higher salaries and many employees of fast growing tech companies sell shares of stock to realize their true salaries.
Buying tends to be a better predictor of share price movement than selling.
Since you are referring to PCLN, some interesting stats:
Public in 1999. Split adjusted valuation, if you had purchased during 99, you might have picked it up at around $1000 a share.
Today, sports a PE of 49, EPS of 10.35, and market cap of 25.26B.
Compare that to CRM, yes, PCLN looks like a bargain. PCLN, 6 times the earnings of CRM, CRM withing striking distance of having same market cap.
Wonder why the insiders don't see the potential that longs do? If this were going to be a $500 p/share stock in 24 months, I wouldn't be selling.
I think we're more than 14 points away from all time high now. Also, there was an after hours high around 152, though the reported high is likely slightly lower than that. Some could see today's close as a lower high and a reversal off the high of the day with a bounce off the afternoon lows due to some short covering. That's just my take on the pattern.