Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $76.49, for a total value of $956,125.00. Following the completion of the transaction, the chairman now directly owns 34,635,500 shares in the company, valued at approximately $2,649,269,395. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $975,875.00.
  • On Thursday, November 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were 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 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 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 value 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 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.

Salesforce.com Inc. (NYSE:CRM) opened at 76.15 on Tuesday. The firm has a 50-day moving average of $73.85 and a 200 day moving average of $77.57. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The company has a market capitalization of $52.58 billion, a P/E ratio of 258.14 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data 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 net margin of 2.60% and a return on equity of 2.40%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts predict 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)

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Salesforce.com by 33.1% in the first quarter. LPL Financial LLC now owns 39,632 shares of the CRM provider’s stock worth $2,956,000 after buying an additional 9,856 shares during the last quarter. Eachwin Capital LP purchased a new position in shares of Salesforce.com during the first quarter worth about $449,000. Arizona State Retirement System increased its position in shares of Salesforce.com by 2.9% in the first quarter. Arizona State Retirement System now owns 170,956 shares of the CRM provider’s stock worth $12,622,000 after buying an additional 4,800 shares during the last quarter. Thrax Management LLC increased its position in shares of Salesforce.com by 42.5% in the first quarter. Thrax Management LLC now owns 401,562 shares of the CRM provider’s stock worth $29,647,000 after buying an additional 119,731 shares during the last quarter. Finally, Cullinan Associates Inc. purchased a new position in shares of Salesforce.com during the first quarter worth about $1,779,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on CRM shares. Morgan Stanley cut their price target on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Stephens assumed coverage on Salesforce.com in a research note on Tuesday, August 2nd. They set an “overweight” rating for the company. MKM Partners restated a “buy” rating and set a $96.00 target price on shares of Salesforce.com in a research note on Friday, August 5th. Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 target price for the company in a research note on Wednesday, August 10th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. Salesforce.com 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.

5 Day Chart for NYSE:CRM

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