Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $72.98, for a total transaction of $912,250.00. Following the transaction, the chairman now owns 34,934,300 shares of the company’s stock, valued at approximately $2,549,505,214. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, October 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.10, for a total transaction of $913,750.00.
  • On Friday, October 14th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were 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 shares were 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 shares were 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 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.

Salesforce.com Inc. (NYSE:CRM) traded down 0.08% during mid-day trading on Tuesday, hitting $72.77. The stock had a trading volume of 5,248,408 shares. The company’s 50 day moving average is $73.19 and its 200-day moving average is $77.72. The stock has a market capitalization of $49.85 billion, a P/E ratio of 224.60 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 posted its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. 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)

CRM has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $107.00 price target on shares of Salesforce.com in a research report on Monday, September 26th. DA Davidson reissued a “neutral” rating and issued a $86.00 price target on shares of Salesforce.com in a research report on Wednesday, August 31st. Royal Bank Of Canada reduced their price target on shares of Salesforce.com from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, September 1st. Wedbush reissued an “outperform” rating and issued a $96.00 price target (down from $98.00) on shares of Salesforce.com in a research report on Thursday, September 1st. Finally, Cowen and Company initiated coverage on shares of Salesforce.com in a research report on Friday, June 24th. They issued an “outperform” rating and a $79.39 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $92.19.

A number of hedge funds have recently modified their holdings of CRM. Signaturefd LLC raised its stake 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 worth $107,000 after buying an additional 693 shares during the period. M&R Capital Management Inc. acquired a new stake in shares of Salesforce.com during the second quarter worth approximately $119,000. Ropes Wealth Advisors LLC raised its stake in shares of 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 period. Mycio Wealth Partners LLC raised its stake in shares of 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 period. Finally, Trust Co. of Vermont raised its stake in shares of 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 period. Institutional investors and hedge funds own 87.03% of the company’s stock.

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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