Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $70.96, for a total value of $887,000.00. Following the completion of the sale, the chairman now owns 35,033,000 shares of the company’s stock, valued at approximately $2,485,941,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, October 6th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $71.17, for a total value of $889,625.00.
  • 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.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 70.91 on Friday. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The firm has a 50 day moving average price of $74.35 and a 200-day moving average price of $77.70. The firm has a market cap of $48.57 billion, a PE ratio of 218.86 and a beta of 1.59.

Salesforce.com (NYSE:CRM) last released 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. The firm 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 company’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. On average, 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)

Several research firms have issued reports on CRM. Morgan Stanley cut their price objective 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 began coverage on Salesforce.com in a research report on Friday, June 24th. They issued an “outperform” rating and a $79.39 price objective for the company. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Salesforce.com in a research report on Monday, June 13th. Jefferies Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Monday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $92.56.

Institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in Salesforce.com by 37.2% in the first quarter. Ngam Advisors L.P. now owns 29,442 shares of the CRM provider’s stock worth $2,174,000 after buying an additional 7,986 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Salesforce.com during the first quarter worth about $3,993,000. Bessemer Group Inc. boosted its position in Salesforce.com by 65.3% in the first quarter. Bessemer Group Inc. now owns 5,997 shares of the CRM provider’s stock worth $442,000 after buying an additional 2,370 shares during the period. A.R. Schmeidler & Co. Inc. boosted its position in Salesforce.com by 125.2% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 99,181 shares of the CRM provider’s stock worth $7,323,000 after buying an additional 55,143 shares during the period. Finally, AMF Pensionsforsakring AB boosted its position in Salesforce.com by 488.5% in the first quarter. AMF Pensionsforsakring AB now owns 602,629 shares of the CRM provider’s stock worth $44,492,000 after buying an additional 500,229 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

About Salesforce.com

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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