Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $74.28, for a total value of $1,857,000.00. Following the sale, the chairman now owns 34,730,493 shares of the company’s stock, valued at approximately $2,579,781,020.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, November 16th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total value of $921,000.00.
  • On Tuesday, November 15th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total value of $1,842,000.00.
  • On Wednesday, November 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were 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 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.

Salesforce.com Inc. (NYSE:CRM) opened at 73.31 on Thursday. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The firm’s 50 day moving average is $73.44 and its 200-day moving average is $77.52. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of 226.27 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Salesforce.com Inc. will post $0.95 EPS for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its position in Salesforce.com by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 206,019 shares of the CRM provider’s stock worth $16,360,000 after buying an additional 2,648 shares during the period. Bank of Montreal Can purchased a new position in Salesforce.com during the second quarter worth $31,592,000. Mizuho Trust & Banking Co. Ltd. raised its position in Salesforce.com by 1.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,009,351 shares of the CRM provider’s stock worth $80,153,000 after buying an additional 10,367 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Salesforce.com by 17.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,096,940 shares of the CRM provider’s stock worth $87,108,000 after buying an additional 165,000 shares during the last quarter. Finally, Columbus Circle Investors purchased a new position in Salesforce.com during the second quarter worth $58,994,000. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on CRM shares. Morgan Stanley reiterated an “overweight” rating and set a $107.00 price objective on shares of Salesforce.com in a report on Monday, September 26th. DA Davidson reiterated a “neutral” rating and set a $86.00 price objective on shares of Salesforce.com in a report on Wednesday, August 31st. Royal Bank Of Canada cut their price objective on Salesforce.com from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, September 1st. Wedbush reissued an “outperform” rating and set a $96.00 target price (down from $98.00) on shares of Salesforce.com in a research report on Thursday, September 1st. Finally, RBC Capital Markets reissued an “outperform” rating and set a $85.00 target price (down from $91.00) on shares of Salesforce.com in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.02.

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

Receive News & Stock Ratings for Salesforce.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc. and related stocks with our FREE daily email newsletter.