Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $78.07, for a total transaction of $975,875.00. Following the transaction, the chairman now owns 34,648,000 shares of the company’s stock, valued at approximately $2,704,969,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, November 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $76.49, for a total transaction of $956,125.00.
  • 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 transaction 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 transaction of $921,000.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $928,375.00.

Salesforce.com Inc. (NYSE:CRM) opened at 76.15 on Tuesday. The company has a market cap of $52.58 billion, a PE ratio of 258.14 and a beta of 1.55. Salesforce.com Inc. has a 12-month low of $52.60 and a 12-month high of $84.48. The stock’s 50 day moving average price is $73.85 and its 200 day moving average price is $77.57.

Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The business earned $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that Salesforce.com Inc. will post $0.95 EPS for the current year.

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

Institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in shares of 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 last quarter. Bank of Montreal Can purchased a new position in shares of Salesforce.com during the second quarter worth about $31,592,000. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of 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. boosted its position in shares of 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 shares of Salesforce.com during the second quarter worth about $58,994,000. 87.22% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on CRM shares. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 price target for the company in a report on Wednesday, August 10th. MKM Partners reissued a “buy” rating and issued a $96.00 price target on shares of Salesforce.com in a report on Friday, August 5th. Bank of America Corp. reissued a “buy” rating and issued a $77.82 price target (down from $100.00) on shares of Salesforce.com in a report on Thursday, August 25th. Mizuho reissued a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a report on Tuesday, August 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.05.

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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