Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of Salesforce.com stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $70.87, for a total value of $885,875.00. Following the completion of the transaction, the chairman now owns 34,970,500 shares in the company, valued at approximately $2,478,359,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, October 12th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $72.33, for a total value of $904,125.00.
  • On Tuesday, October 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.75, for a total value of $1,843,750.00.
  • 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 value 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 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.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 70.63 on Friday. The firm’s 50-day moving average price is $73.77 and its 200-day moving average price is $77.67. The stock has a market cap of $48.38 billion, a P/E ratio of 217.99 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 earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm earned $2.04 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts forecast that Salesforce.com Inc. will post $0.95 earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of Salesforce.com by 693.2% in the first quarter. Meeder Asset Management Inc. now owns 10,748 shares of the CRM provider’s stock worth $793,000 after buying an additional 9,393 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Salesforce.com by 1.6% in the first quarter. Rafferty Asset Management LLC now owns 18,536 shares of the CRM provider’s stock worth $1,369,000 after buying an additional 300 shares during the period. Gardner Lewis Asset Management L P increased its stake in shares of Salesforce.com by 1.1% in the first quarter. Gardner Lewis Asset Management L P now owns 112,386 shares of the CRM provider’s stock worth $8,297,000 after buying an additional 1,222 shares during the period. Covington Investment Advisors Inc. increased its stake in shares of Salesforce.com by 1.6% in the first quarter. Covington Investment Advisors Inc. now owns 43,930 shares of the CRM provider’s stock worth $3,243,000 after buying an additional 685 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Salesforce.com by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,417 shares of the CRM provider’s stock worth $3,723,000 after buying an additional 9,572 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

A number of equities research analysts recently commented on the company. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 target price for the company in a report on Wednesday, August 10th. MKM Partners reaffirmed a “buy” rating and set a $96.00 target price on shares of Salesforce.com in a report on Friday, August 5th. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Finally, Brean Capital reaffirmed a “buy” rating and set a $110.00 target price on shares of Salesforce.com in a report on Saturday, June 25th. Two investment 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 stock. The company has a consensus rating of “Buy” and an average price target of $92.51.

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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