Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of Salesforce.com 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 directly owns 35,033,000 shares in the company, valued at approximately $2,485,941,680. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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. The firm has a 50-day moving average of $74.35 and a 200 day moving average of $77.70. The firm has a market capitalization of $48.57 billion, a price-to-earnings ratio of 218.86 and a beta of 1.59. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share 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 net margin of 2.91% and a return on equity of 2.19%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Analysts predict that Salesforce.com Inc. will post $0.95 EPS for the current year.

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

CRM has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Salesforce.com in a research note on Monday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $86.00 target price on shares of Salesforce.com in a research note on Wednesday, August 31st. Royal Bank Of Canada reduced their target price on Salesforce.com from $91.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, September 1st. BMO Capital Markets initiated coverage on Salesforce.com in a research note on Tuesday, June 14th. They issued an “outperform” rating and a $98.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $96.00 target price (down previously from $98.00) on shares of Salesforce.com in a research note on Thursday, September 1st. Two research 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 presently has a consensus rating of “Buy” and an average price target of $92.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triangle Securities Wealth Management bought a new position in Salesforce.com during the third quarter valued at $843,000. New England Research & Management Inc. bought a new position in Salesforce.com during the third quarter valued at $449,000. Boltwood Capital Management boosted its position in Salesforce.com by 4.2% in the third quarter. Boltwood Capital Management now owns 11,345 shares of the CRM provider’s stock valued at $809,000 after buying an additional 460 shares during the period. Fulton Bank N.A. boosted its position in Salesforce.com by 44.0% in the third quarter. Fulton Bank N.A. now owns 18,383 shares of the CRM provider’s stock valued at $1,311,000 after buying an additional 5,620 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Salesforce.com by 4.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,330,380 shares of the CRM provider’s stock valued at $237,556,000 after buying an additional 139,700 shares during the period. Institutional investors 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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