Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $74.05, for a total transaction of $925,625.00. Following the transaction, the chairman now owns 34,609,700 shares in the company, valued at approximately $2,562,848,285. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, November 22nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.74, for a total transaction of $946,750.00.
  • On Monday, November 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.49, for a total transaction of $956,125.00.
  • 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 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 transaction 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 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.

Shares of Salesforce.com Inc. (NYSE:CRM) traded down 2.14% during mid-day trading on Thursday, reaching $73.95. The company’s stock had a trading volume of 8,516,012 shares. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The company’s 50-day moving average is $74.03 and its 200 day moving average is $77.55. The firm has a market capitalization of $51.06 billion, a P/E ratio of 250.68 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The business earned $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, analysts expect 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 brokerages have recently weighed in on CRM. Raymond James Financial Inc. set a $105.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. DA Davidson set a $86.00 target price on shares of Salesforce.com and gave the stock a “hold” rating in a research note on Sunday, September 11th. Rosenblatt Securities set a $90.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, November 19th. Finally, Cowen and Company restated a “buy” rating on shares of Salesforce.com in a research note on Sunday. Two investment 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 stock. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $92.05.

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Salesforce.com by 33.1% in the first quarter. LPL Financial LLC now owns 39,632 shares of the CRM provider’s stock valued at $2,956,000 after buying an additional 9,856 shares in the last quarter. Eachwin Capital LP acquired a new stake in Salesforce.com during the first quarter valued at approximately $449,000. Arizona State Retirement System boosted its stake in Salesforce.com by 2.9% in the first quarter. Arizona State Retirement System now owns 170,956 shares of the CRM provider’s stock valued at $12,622,000 after buying an additional 4,800 shares in the last quarter. Cullinan Associates Inc. acquired a new stake in Salesforce.com during the first quarter valued at approximately $1,779,000. Finally, Iowa State Bank boosted its stake in Salesforce.com by 2.7% in the second quarter. Iowa State Bank now owns 48,495 shares of the CRM provider’s stock valued at $3,851,000 after buying an additional 1,295 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

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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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