The largest insider buys for this week were for Salesforce.com Inc. (CRM, Financial), Clorox Co. (CLX, Financial), TransDigm Group Inc. (TDG, Financial) and Buckeye Partners LP (BPL, Financial).
Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 1,443 shares
Director Susan Wojcicki bought 1,443 shares of CRM stock on Dec. 5 at the average price of $69.29 per share. The price of the stock has increased by 2.71% since.
Chairman of the board and CEO Marc Benioff sold 12,500 shares of CRM stock on Dec. 18 at the average price of $71.79 per share. The price of the stock has decreased by 0.86% since.
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. However, Salesforce also utilizes commercial applications of social networking through acquisition to gain additional revenue. The company has a market cap of $49.58 billion, and as of Dec. 9 the company traded at $71.17.
Salesforce has gone through a very rough year, with stocks dropping 10% this year amid concerns about slowing sales growth and questionable earnings growth. Furthermore, as cloud computing as an industry grows as a whole, Salesforce will face more and more competition.
Clorox Co. (CLX, Financial): Director David Mackay bought 5,000 shares
Director David Mackay bought 5,000 shares of CLX stock on Dec. 1 at the average price of $114.90 per share. The price of the stock has increased by 0.34% since.
The Clorox Company is an American international manufacturer and marketer of various consumer and professional goods. It is well known for its bleach and cleaning products, but it also markets other products such as KC Masterpiece. As of 2015, the company employs approximately 7,700 employees and had net sales of $5.7 billion in the same year. The company has a market cap of $14.84 billion, and as of Dec. 9 it traded at $115.29.
In August 2015, Clorox announced that it would replace its 2012 sustainability commitment plan with a plan called the Palm Oil Responsible Sourcing Commitment. Even though the company uses only 0.01% of the palm oil produced globally each year, sustainability has been a key issue in the making of the cleaning products that the company markets. This plan would focus on limiting deforestation, improving business ethics and human rights, and traceability in the company’s usage of palm oil ingredients.
TransDigm Group Inc. (TDG, Financial): Director Robert J. Small bought 82,695 shares
Director Robert Small bought 82,695 shares of TDG stock on Dec. 6 at the average price of $245.86 per share. The price of the stock has increased by 1.46% since.
CEO W. Nicholas Howley sold 37,000 shares of TDG stock on Dec. 8 at the average price of $251.25 per share. The price of the stock has decreased by 0.71% since.
TransDigm Group Inc. is an American company that develops, distributes, and manufactures both commercial and military aerospace components. Some of its products include mechanical actuators and ignition systems. It generated $1.70 billion in revenue in 2012. The company has a market cap of $13.31 billion, and as of Dec. 9 it traded at $249.46.
On Nov. 16 TransDigm reported its results for the fourth quarter of 2016. It generated net sales of $875.2 million, which is up 8.1% from its results in 2015. Overall, the net sale of 2016 was $3,171.4 million, up 17.2% from the results reported in 2015.
Buckeye Partners LP (BPL, Financial): Director Martin A. White bought 3,938 shares
Director Martin A. White bought 3,938 shares of BPL stock on Dec. 5 at the average price of $63.00 per share. The price of the stock has increased by 2.59% since.
Director Larry C. Payne also bought 1,000 shares of BPL stock on Dec. 7 at the average price of $62.95 per share. The price of the stock has increased by 2.67% since.
Buckeye Partners LP, headquartered in Houston, Texas, is one of the primary distributors of petroleum in the East and Midwest regions of the U.S. The company manages over 6,200 miles of petroleum pipelines, as well as over 100 truck-loading terminals. The company has a market cap of $9.06 billion, and as of Dec. 9 it traded at $64.63.
On Oct. 27, Buckeye Partners LP announced that it plans to issue senior unsecured notes. Buckeye intends to use the net proceeds from this offering to fund a portion of the purchase price of a previously announced investment.Â
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.
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