Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of Salesforce.com stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $75.74, for a total value of $946,750.00. Following the completion of the sale, the chairman now directly owns 34,622,200 shares of the company’s stock, valued at approximately $2,622,285,428. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, November 23rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.05, for a total value of $925,625.00.
  • 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 value of $956,125.00.
  • On Friday, November 18th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was 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 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 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 value 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 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 stock was sold at an average price of $76.38, for a total value of $954,750.00.

Salesforce.com Inc. (NYSE:CRM) opened at 73.95 on Thursday. The stock has a market capitalization of $51.06 billion, a price-to-earnings ratio of 250.68 and a beta of 1.55. The company has a 50-day moving average of $74.03 and a 200-day moving average of $77.55. Salesforce.com Inc. has a 52 week low of $52.60 and a 52 week high of $84.48.

Salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, November 17th. The CRM provider reported $0.24 EPS for the quarter, beating 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 business earned $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that Salesforce.com Inc. will post $0.98 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in CRM. Signaturefd LLC raised its position in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock worth $107,000 after buying an additional 693 shares during the period. M&R Capital Management Inc. purchased a new position in shares of Salesforce.com during the second quarter worth about $119,000. NEXT Financial Group Inc raised its position in shares of Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock worth $125,000 after buying an additional 39 shares during the period. Ropes Wealth Advisors LLC raised its position in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock worth $143,000 after buying an additional 1,009 shares during the period. Finally, Mycio Wealth Partners LLC raised its position in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock worth $149,000 after buying an additional 44 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on CRM shares. Cowen and Company reiterated a “buy” rating on shares of Salesforce.com in a research report on Sunday. DA Davidson set a $86.00 price objective on Salesforce.com and gave the company a “hold” rating in a research report on Sunday, September 11th. FBN Securities set a $90.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. Rosenblatt Securities set a $90.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Saturday, November 19th. Finally, Raymond James Financial Inc. set a $105.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. Two 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’s stock. Salesforce.com has an average rating of “Buy” and a consensus price target of $92.05.

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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

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