Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $70.96, for a total transaction of $887,000.00. Following the sale, the chairman now directly owns 35,033,000 shares in the company, valued at $2,485,941,680. The sale was disclosed in a legal filing with the SEC, which is available through 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 transaction 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 transaction 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 transaction 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 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.

Salesforce.com Inc. (NYSE:CRM) opened at 70.91 on Friday. The company 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. The company’s 50 day moving average is $74.35 and its 200-day moving average is $77.70.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. The business earned $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities 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)

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Salesforce.com by 0.5% in the second quarter. Brighton Jones LLC now owns 4,270 shares of the CRM provider’s stock valued at $339,000 after buying an additional 22 shares during the period. Hollencrest Securities LLC raised its position in shares of Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock valued at $256,000 after buying an additional 29 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Salesforce.com by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,552 shares of the CRM provider’s stock valued at $282,000 after buying an additional 35 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the period. Finally, Fulton Bank N.A. raised its position in shares of Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock valued at $1,014,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 87.23% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. DA Davidson set a $86.00 target price on shares of Salesforce.com and gave the company a “hold” rating in a report on Sunday, September 11th. FBN Securities set a $90.00 target price on shares of Salesforce.com and gave the company a “buy” rating in a report on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 target price on shares of Salesforce.com and gave the company a “buy” rating in a report on Sunday, September 4th. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Finally, Citigroup Inc. dropped their target price on shares of Salesforce.com from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average 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

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