Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $71.17, for a total value of $889,625.00. Following the sale, the chairman now directly owns 35,033,000 shares of the company’s stock, valued at $2,493,298,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, October 5th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $67.76, for a total value of $847,000.00.
  • On Tuesday, October 4th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $70.90, for a total value of $1,772,500.00.
  • On Friday, September 30th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $71.53, for a total value of $1,788,250.00.
  • On Wednesday, September 28th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $71.04, for a total value of $888,000.00.
  • On Tuesday, September 27th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $70.13, for a total value of $876,625.00.
  • On Monday, September 26th, Marc Benioff sold 37,500 shares of Salesforce.com stock. The stock was sold at an average price of $71.95, for a total value of $2,698,125.00.
  • On Wednesday, September 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.39, for a total value of $917,375.00.
  • On Tuesday, September 20th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.08, for a total value of $913,500.00.
  • On Monday, September 19th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.36, for a total value of $1,834,000.00.
  • On Thursday, September 15th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.97, for a total value of $924,625.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 71.26 on Friday. The stock’s 50 day moving average price is $74.52 and its 200-day moving average price is $77.71. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The firm has a market capitalization of $48.81 billion, a price-to-earnings ratio of 219.94 and a beta of 1.59.

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, topping the Zacks’ consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The business earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm posted $0.19 EPS. Salesforce.com’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts predict 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 research analysts have recently weighed in on the company. Brean Capital restated a “buy” rating and issued a $110.00 price target on shares of Salesforce.com in a research report on Thursday, June 9th. Morgan Stanley dropped their price target on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Cowen and Company assumed coverage on Salesforce.com in a research report on Friday, June 24th. They issued an “outperform” rating and a $79.39 price target for the company. Goldman Sachs Group Inc. restated a “buy” rating on shares of Salesforce.com in a research report on Monday, June 13th. Finally, Jefferies Group restated a “hold” rating and issued a $80.00 price target on shares of Salesforce.com in a research report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $92.56.

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

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

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