Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of Salesforce.com stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $75.61, for a total value of $945,125.00. Following the completion of the sale, the chairman now owns 34,735,200 shares of the company’s stock, valued at approximately $2,626,328,472. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, November 8th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.56, for a total value of $957,000.00.
  • On Monday, November 7th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.38, for a total value of $954,750.00.
  • On Friday, November 4th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.74, for a total value of $934,250.00.
  • On Thursday, November 3rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.27, for a total value of $928,375.00.
  • On Wednesday, November 2nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.17, for a total value of $939,625.00.
  • On Tuesday, November 1st, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $75.62, for a total value of $1,890,500.00.
  • On Friday, October 28th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.20, for a total value of $940,000.00.
  • On Thursday, October 27th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.15, for a total value of $939,375.00.
  • On Wednesday, October 26th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.23, for a total value of $940,375.00.
  • On Tuesday, October 25th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.87, for a total value of $935,875.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 74.59 on Monday. The stock has a 50 day moving average price of $73.17 and a 200 day moving average price of $77.56. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The firm has a market capitalization of $51.09 billion, a PE ratio of 230.22 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, beating the 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 the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts anticipate 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 analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Mizuho restated an “outperform” rating and issued a $100.00 price target on shares of Salesforce.com in a report on Monday, August 15th. Piper Jaffray Cos. restated an “overweight” rating and issued a $100.00 price target on shares of Salesforce.com in a report on Monday, August 15th. Citigroup Inc. decreased their price target on Salesforce.com from $97.00 to $94.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Finally, MKM Partners restated a “buy” rating and issued a $96.00 price target on shares of Salesforce.com in a report on Friday, August 5th. Two 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. Salesforce.com currently has a consensus rating of “Buy” and a consensus price target of $92.13.

A number of large investors have recently modified their holdings of CRM. Manning & Napier Advisors LLC increased its stake in shares of Salesforce.com by 256.6% in the third quarter. Manning & Napier Advisors LLC now owns 1,841,411 shares of the CRM provider’s stock worth $131,347,000 after buying an additional 1,324,985 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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. Capital Fund Management S.A. bought a new stake in shares of Salesforce.com during the third quarter worth about $82,896,000. American Century Companies Inc. increased its stake in shares of Salesforce.com by 54.4% in the second quarter. American Century Companies Inc. now owns 3,297,549 shares of the CRM provider’s stock worth $261,858,000 after buying an additional 1,161,596 shares in the last quarter. Finally, Waddell & Reed Financial Inc. increased its stake in shares of Salesforce.com by 489.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,384,048 shares of the CRM provider’s stock worth $109,908,000 after buying an additional 1,149,275 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

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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