Salesforce.com Inc. (NYSE:CRM) CEO Marc Benioff sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $72.33, for a total transaction of $904,125.00. Following the sale, the chief executive officer now directly owns 34,983,000 shares in the company, valued at approximately $2,530,320,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, October 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.75, for a total transaction of $1,843,750.00.
  • On Friday, October 7th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.

Salesforce.com Inc. (NYSE:CRM) traded down 0.26% during trading on Wednesday, hitting $72.23. The company had a trading volume of 6,301,780 shares. 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 of $73.98 and a 200 day moving average of $77.72. The company has a market capitalization of $49.48 billion, a price-to-earnings ratio of 222.93 and a beta of 1.59.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm earned $2.04 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities research analysts forecast that Salesforce.com Inc. will post $0.95 earnings per share for the current year.

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

A number of equities analysts recently weighed in on the stock. DA Davidson set a $86.00 price objective on shares of Salesforce.com and gave the company a “hold” rating in a research report on Sunday, September 11th. FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. Morgan Stanley reiterated a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Finally, Citigroup Inc. lowered their price objective on shares of Salesforce.com from $97.00 to $94.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $92.51.

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in Salesforce.com during the second quarter worth $119,000. Ropes Wealth Advisors LLC increased 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 last quarter. Mycio Wealth Partners LLC increased 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 last quarter. Finally, Trust Co. of Vermont increased 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 last quarter. 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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