Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $73.68, for a total value of $921,000.00. Following the transaction, the chairman now directly owns 34,671,300 shares in the company, valued at approximately $2,554,581,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, November 15th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.68, for a total value of $1,842,000.00.
  • On Friday, November 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $74.28, for a total value of $1,857,000.00.
  • On Wednesday, November 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $75.61, for a total value of $945,125.00.
  • On Tuesday, November 8th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

Shares of Salesforce.com Inc. (NYSE:CRM) traded up 2.13% during trading on Thursday, hitting $74.87. 5,410,692 shares of the company traded hands. The company has a market capitalization of $51.29 billion, a price-to-earnings ratio of 231.08 and a beta of 1.55. Salesforce.com Inc. has a 52 week low of $52.60 and a 52 week high of $84.48. The company has a 50 day moving average price of $73.44 and a 200 day moving average price of $77.52.

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 Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. Salesforce.com’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. On average, analysts expect that Salesforce.com Inc. will post $0.95 earnings per share for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in CRM. Sapphire Star Partners LP raised its position in Salesforce.com by 100.0% in the first quarter. Sapphire Star Partners LP now owns 10,600 shares of the CRM provider’s stock valued at $830,000 after buying an additional 5,300 shares during the period. LPL Financial LLC raised its position in Salesforce.com by 33.1% in the first quarter. LPL Financial LLC now owns 39,632 shares of the CRM provider’s stock valued at $2,956,000 after buying an additional 9,856 shares during the period. Chilton Capital Management LLC acquired a new position in Salesforce.com during the first quarter valued at approximately $4,806,000. Eachwin Capital LP acquired a new position in Salesforce.com during the first quarter valued at approximately $449,000. Finally, Arizona State Retirement System raised its position in Salesforce.com by 2.9% in the first quarter. Arizona State Retirement System now owns 170,956 shares of the CRM provider’s stock valued at $12,622,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 86.97% of the company’s stock.

CRM has been the topic of several research reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $70.52 target price (down previously from $100.00) on shares of Salesforce.com in a research report on Wednesday, October 5th. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating in a research report on Friday, September 23rd. Morgan Stanley decreased their target price on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $100.00 price target on shares of Salesforce.com in a research note on Monday, August 15th. Finally, Mizuho boosted their price target on Salesforce.com from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-six have assigned a buy rating to the company’s stock. Salesforce.com currently has an average rating of “Buy” and a consensus target price of $92.02.

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.

5 Day Chart for NYSE:CRM

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