Weekly Top Insider Buys Highlight for Week of Nov. 11
- By Shuda Xia
Weekly Top Insider Buys Highlight for Week of Nov. 11
Largest Insider Buys for Salesforce.com Inc. (CRM), The Travelers Companies Inc. (TRV), Williams Companies Inc. (WMB), and Apache Corp (APA).
Salesforce.com Inc. (CRM): Director Susan Wojcicki bought 1,300 shares
Director Susan Wojcicki bought 1,300 shares of Salesforce.com stock on Nov. 7 at the average price of $76.88. The price of the stock has decreased by 2.98% since.
Warning! GuruFocus has detected 3 Warning Signs with CRM. Click here to check it out.
The intrinsic value of CRM
Salesforce.com is an American based company that specializes in cloud computing. It is headquartered in San Francisco. Most of its revenue comes from customer relationship management products. The company has a market cap of $50.66 billion, and as of Nov. 11 the company traded at $74.59.
On Nov. 7, Salesforce.com Chairman Marc Benioff sold 12,500 shares of the business's stock. The stock was sold at an average price of $76.38, totaling at $954,750. Following the transaction, the Benioff now directly owns 34,761,500 shares of the company's stock, valued at over $2.5 billion.
The Travelers Companies Inc. (TRV): Director Philip T. Ruegger III bought 2,000 shares
Director Philip T. Ruegger III bought 2,000 shares of The Travelers Companies stock on Nov. 9 at the average price of $107.19. The price of the stock has increased by 2.88% since.
The Travelers Companies is an American based insurance company that is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of personal insurance. The company's headquarters are based in New York City. The Travelers Companies has a market cap of $31.33 billion, and as of Nov. 11 the company traded at $110.28.
On Nov. 10, Heather Masterson was announced as the next president and CEO of Travelers Canada, effective immediately. She succeeds Duane Sanders, who has taken a leadership role in the company's largest segment in the U.S.
Williams Companies Inc. (WMB): Director Stephen I. Chazen bought 5,000 shares
Director Stephen I. Chazen bought 5,000 shares of Williams Companies Inc. stock on Nov. 2 at the average price of $28.23. The price of the stock has increased by 6.62% since.
Sr. Vice President Rory Lee Miller sold 40,000 shares of Williams Companies Inc. stock on Nov. 8 at the average price of $29.40. The price of the stock has increased by 2.38% since.
Vice President and Controller Ted T. Timmermans sold 500 shares of Williams Companies Inc. stock on Nov. 3 at the average price of $28.32. The price of the stock has increased by 6.29% since.
The Williams Companies Inc. is an energy company that mainly deals in natural gas processing and transportation, although it also holds petroleum and electricity generation assets. It is a Fortune 500 company, and its common stock is a component of the Dow Jones Utility Average. The company has a market cap of $22.6 billion, and as of Nov. 11 the company traded at $30.10.
The company had 3.61% losses in previous five sessions, and Wall Street analysts see shares climbing about 12.17% in the next 12 months. The company will release the next quarterly results during the December 2016 quarter.
Apache Corp. (APA): Director Chansoo Joung bought 15,000 shares
Director Chansoo Joung bought 15,000 shares of Apache Corp. stock on Nov. 9 at the average price of $58.02. The price of the stock has decreased by 0.52% since.
Director John E. Lowe bought 2,132 shares of APA stock on Nov. 7 at the average price of $57.65. The price of the stock has increased by 0.12% since.
Apache Corp. is an American based company headquartered in Houston that specializes in petroleum and natural gas production and exploration. The company has a market cap of $22.34 billion, and as of Nov. 11 the company traded at $57.72.
Apache narrowed losses in the third quarter thanks to an increase in oil and gas prices. Apache reported on Nov. 3 losses of $607 million, 85% better than losses in the third quarter last year. The company had $1.60 in losses per share, while it suffered $10.95 in losses per share over the same period last year.
For the complete list of stocks bought by company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 3 Warning Signs with CRM. Click here to check it out.
The intrinsic value of CRM
