Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $74.66, for a total transaction of $933,250.00. Following the transaction, the chairman now directly owns 34,666,300 shares in the company, valued at $2,588,185,958. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, November 18th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $78.07, for a total transaction of $975,875.00.
  • 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 transaction 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 transaction of $1,842,000.00.
  • On Friday, November 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $74.28, for a total transaction of $1,857,000.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $939,625.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 77.77 on Monday. The company has a market capitalization of $53.70 billion, a PE ratio of 263.63 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 stock’s 50 day moving average price is $73.17 and its 200-day moving average price is $77.56.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The firm earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 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 research firms have issued reports on CRM. Morgan Stanley reduced their target price on shares of Salesforce.com from $110.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Mizuho restated an “outperform” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, August 15th. Piper Jaffray Cos. restated an “overweight” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, August 15th. MKM Partners reiterated a “buy” rating and set a $96.00 price objective on shares of Salesforce.com in a report on Friday, August 5th. Finally, Stephens assumed coverage on shares of Salesforce.com in a report on Tuesday, August 2nd. They set an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.05.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased 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 in the last quarter. Bank of Montreal Can bought a new position in Salesforce.com during the second quarter worth $31,592,000. Mizuho Trust & Banking Co. Ltd. increased 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 in the last quarter. Adage Capital Partners GP L.L.C. increased 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 in the last quarter. Finally, Columbus Circle Investors bought a new position in Salesforce.com during the second quarter worth $58,994,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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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