Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $73.37, for a total transaction of $1,834,250.00. Following the sale, the chairman now owns 34,595,500 shares in the company, valued at approximately $2,538,271,835. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, November 23rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.05, for a total transaction of $925,625.00.
  • 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 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.

Salesforce.com Inc. (NYSE:CRM) opened at 72.93 on Wednesday. The firm has a market cap of $50.81 billion, a price-to-earnings ratio of 247.22 and a beta of 1.55. The company’s 50-day moving average price is $74.32 and its 200 day moving average price is $77.55. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The firm earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities analysts expect that Salesforce.com Inc. will post $0.98 earnings per share for the current fiscal year.

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

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A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in Salesforce.com by 0.5% in the second quarter. Brighton Jones LLC now owns 4,270 shares of the CRM provider’s stock worth $339,000 after buying an additional 22 shares during the period. Hollencrest Securities LLC increased its stake in shares of Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock valued at $256,000 after buying an additional 29 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Salesforce.com by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,552 shares of the CRM provider’s stock valued at $282,000 after buying an additional 35 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock valued at $1,014,000 after buying an additional 38 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on CRM. Bank of America Corp. reissued a “buy” rating and issued a $70.52 target price (down from $100.00) on shares of Salesforce.com in a report on Wednesday, October 5th. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Piper Jaffray Cos. reissued an “overweight” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, August 15th. Mizuho raised their target price on shares of Salesforce.com from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Finally, Wedbush reissued an “outperform” rating and issued a $98.00 target price (up from $96.00) on shares of Salesforce.com in a report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company. Salesforce.com has an average rating of “Buy” and an average 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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