Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $73.10, for a total transaction of $913,750.00. Following the transaction, the chairman now owns 34,946,450 shares of the company’s stock, valued at approximately $2,554,585,495. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, October 14th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $72.32, for a total transaction of $904,000.00.
  • 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.

Salesforce.com Inc. (NYSE:CRM) traded down 1.94% on Monday, hitting $72.83. 8,777,211 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $73.40 and a 200-day moving average price of $77.74. The stock has a market cap of $49.89 billion, a P/E ratio of 224.78 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 announced its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, beating 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 company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm posted $0.19 EPS. Salesforce.com’s revenue for the quarter was up 25.0% on a year-over-year basis. Analysts predict 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)

A number of brokerages recently weighed in on CRM. Raymond James Financial Inc. set a $105.00 price target on shares of Salesforce.com and gave the company a “buy” rating in a report on Sunday, September 4th. FBN Securities set a $90.00 price target on shares of Salesforce.com and gave the company a “buy” rating in a report on Sunday, September 4th. DA Davidson set a $86.00 price target on shares of Salesforce.com and gave the company a “hold” rating in a report on Sunday, September 11th. Macquarie reissued an “outperform” rating and issued a $84.00 price target on shares of Salesforce.com in a report on Monday. Finally, Vetr lowered shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $83.58 price target for the company. in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.23.

Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its stake in shares of Salesforce.com by 11.1% in the first quarter. Riverhead Capital Management LLC now owns 355,340 shares of the CRM provider’s stock valued at $26,235,000 after buying an additional 35,363 shares during the period. Pictet Asset Management Ltd. boosted its position in Salesforce.com by 2.9% in the first quarter. Pictet Asset Management Ltd. now owns 1,007,441 shares of the CRM provider’s stock valued at $68,254,000 after buying an additional 27,996 shares in the last quarter. Primecap Management Co. CA boosted its position in Salesforce.com by 4.9% in the first quarter. Primecap Management Co. CA now owns 332,860 shares of the CRM provider’s stock valued at $24,575,000 after buying an additional 15,400 shares in the last quarter. Scotia Capital Inc. boosted its position in Salesforce.com by 29.8% in the first quarter. Scotia Capital Inc. now owns 20,516 shares of the CRM provider’s stock valued at $1,515,000 after buying an additional 4,707 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Salesforce.com by 817,576.5% in the first quarter. Lazard Asset Management LLC now owns 139,005 shares of the CRM provider’s stock valued at $10,262,000 after buying an additional 138,988 shares in the last quarter. 87.03% of the stock is currently owned by institutional investors.

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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