Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $73.68, for a total value of $1,842,000.00. Following the completion of the transaction, the chairman now owns 34,698,100 shares of the company’s stock, valued at approximately $2,556,556,008. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, November 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.66, for a total value of $933,250.00.
  • On Wednesday, November 16th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.68, for a total value of $921,000.00.
  • 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 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.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 75.19 on Friday. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The company’s 50-day moving average is $73.53 and its 200-day moving average is $77.50. The firm has a market cap of $51.51 billion, a price-to-earnings ratio of 232.07 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm earned $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. Salesforce.com’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. On average, equities research analysts forecast 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 equities analysts have weighed in on CRM shares. Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 price objective for the company in a research note on Wednesday, August 10th. MKM Partners reiterated a “buy” rating and set a $96.00 price objective on shares of Salesforce.com in a research note on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and set a $77.82 price objective (down previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 25th. Mizuho reiterated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Tuesday, August 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.02.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in 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 during the last quarter. Jennison Associates LLC raised its position in Salesforce.com by 3.2% in the third quarter. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider’s stock worth $1,480,724,000 after buying an additional 649,445 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Salesforce.com by 3.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,980,055 shares of the CRM provider’s stock worth $1,211,187,000 after buying an additional 585,931 shares during the last quarter. Ameriprise Financial Inc. raised its position in Salesforce.com by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 8,648,009 shares of the CRM provider’s stock worth $616,865,000 after buying an additional 420,944 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in Salesforce.com by 0.7% in the second quarter. Baillie Gifford & Co. now owns 6,981,936 shares of the CRM provider’s stock worth $554,435,000 after buying an additional 47,955 shares during the last quarter. 86.97% of the stock is owned by hedge funds and other 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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