Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $70.90, for a total transaction of $1,772,500.00. Following the transaction, the chairman now directly owns 35,033,000 shares of the company’s stock, valued at approximately $2,483,839,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marc Benioff also recently made the following trade(s):

  • On Wednesday, October 5th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $67.76, for a total transaction of $847,000.00.
  • On Friday, September 30th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $71.53, for a total transaction of $1,788,250.00.
  • On Wednesday, September 28th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $71.04, for a total transaction of $888,000.00.
  • On Tuesday, September 27th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $70.13, for a total transaction of $876,625.00.
  • On Monday, September 26th, Marc Benioff sold 37,500 shares of Salesforce.com stock. The shares were sold at an average price of $71.95, for a total transaction of $2,698,125.00.
  • On Wednesday, September 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.39, for a total transaction of $917,375.00.
  • On Tuesday, September 20th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.08, for a total transaction of $913,500.00.
  • On Monday, September 19th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.36, for a total transaction of $1,834,000.00.
  • On Thursday, September 15th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.97, for a total transaction of $924,625.00.
  • On Wednesday, September 14th, Marc Benioff sold 37,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.80, for a total transaction of $2,767,500.00.

Salesforce.com Inc. (NYSE:CRM) opened at 68.42 on Thursday. The firm has a 50-day moving average price of $74.66 and a 200 day moving average price of $77.76. The stock has a market cap of $46.87 billion, a price-to-earnings ratio of 211.17 and a beta of 1.59. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48.

Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Salesforce.com Inc. will post $0.95 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

A number of hedge funds have recently modified their holdings of CRM. Signaturefd LLC raised its position in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares during the period. M&R Capital Management Inc. acquired a new position in shares of Salesforce.com during the second quarter valued at approximately $119,000. Ropes Wealth Advisors LLC raised its position in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares during the period. Mycio Wealth Partners LLC raised its position in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock valued at $149,000 after buying an additional 44 shares during the period. Finally, Trust Co. of Vermont raised its position in shares of Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock valued at $154,000 after buying an additional 1,071 shares during the period. Institutional investors own 87.23% of the company’s stock.

Several brokerages have issued reports on CRM. Bank of America Corp. reiterated a “buy” rating and set a $77.82 target price (down from $100.00) on shares of Salesforce.com in a research report on Thursday, August 25th. Jefferies Group reiterated a “hold” rating and set a $80.00 target price on shares of Salesforce.com in a research report on Tuesday, July 12th. Citigroup Inc. dropped their target price on shares of Salesforce.com from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Piper Jaffray Cos. restated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Thursday, September 1st. Finally, Cowen and Company restated an “outperform” rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.56.

Salesforce.com Company Profile

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

Receive News & Stock Ratings for Salesforce.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc. and related stocks with our FREE daily email newsletter.