Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $73.75, for a total transaction of $1,843,750.00. Following the completion of the sale, the chairman now directly owns 35,019,000 shares in the company, valued at approximately $2,582,651,250. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, October 7th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $70.96, for a total transaction of $887,000.00.
  • 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $73.08, for a total transaction of $913,500.00.

Salesforce.com Inc. (NYSE:CRM) opened at 72.42 on Wednesday. The firm’s 50-day moving average is $74.14 and its 200-day moving average is $77.76. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The company has a market cap of $49.61 billion, a PE ratio of 223.52 and a beta of 1.59.

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

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

Several research firms have recently commented on CRM. DA Davidson set a $86.00 target price on shares of Salesforce.com and gave the stock a “hold” rating in a research report on Sunday, September 11th. FBN Securities set a $90.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Sunday, September 4th. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a research 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 for the company in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-four have given a buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and an average price target of $92.56.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its position in shares of Salesforce.com by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 206,019 shares of the CRM provider’s stock worth $16,360,000 after buying an additional 2,648 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Salesforce.com during the second quarter worth $31,592,000. Soroban Capital Partners LP purchased a new position in shares of Salesforce.com during the first quarter worth $290,380,000. Tybourne Capital Management HK Ltd. purchased a new position in shares of Salesforce.com during the first quarter worth $72,518,000. Finally, Thrax Management LLC raised its position in shares of Salesforce.com by 42.5% in the first quarter. Thrax Management LLC now owns 401,562 shares of the CRM provider’s stock worth $29,647,000 after buying an additional 119,731 shares during the last quarter. 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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