Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the company’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $72.32, for a total transaction of $904,000.00. Following the completion of the transaction, the chairman now owns 34,965,280 shares of the company’s stock, valued at $2,528,689,049.60. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Thursday, October 13th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $70.87, for a total transaction of $885,875.00.
  • 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 transaction 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 transaction 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 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.

Shares of Salesforce.com Inc. (NYSE:CRM) traded up 5.15% on Friday, hitting $74.27. The stock had a trading volume of 25,005,645 shares. The firm’s 50-day moving average is $73.60 and its 200-day moving average is $77.68. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 229.23 and a beta of 1.59.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $2.04 billion for 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 quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. On average, analysts expect 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)

Several brokerages recently commented on CRM. 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 reissued a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Finally, Citigroup Inc. cut 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 equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $92.51.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock worth $3,130,829,000 after buying an additional 1,181,756 shares in the last quarter. Jennison Associates LLC increased its position in Salesforce.com by 0.9% in the second quarter. Jennison Associates LLC now owns 20,109,339 shares of the CRM provider’s stock worth $1,596,883,000 after buying an additional 183,663 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Salesforce.com by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,394,124 shares of the CRM provider’s stock worth $1,301,857,000 after buying an additional 127,481 shares in the last quarter. Ameriprise Financial Inc. increased its position in Salesforce.com by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 8,227,065 shares of the CRM provider’s stock worth $653,308,000 after buying an additional 353,274 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in Salesforce.com by 0.7% in the second quarter. Baillie Gifford & Co. now owns 6,981,936 shares of the CRM provider’s stock worth $554,435,000 after buying an additional 47,955 shares in 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.

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