Salesforce.com Inc (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $88.22, for a total value of $882,200.00. Following the completion of the sale, the chief executive officer now owns 34,195,300 shares of the company’s stock, valued at approximately $3,016,709,366. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, August 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.83, for a total value of $898,300.00.
  • On Tuesday, August 1st, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.89, for a total value of $2,726,700.00.
  • On Wednesday, July 26th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.59, for a total value of $905,900.00.
  • On Tuesday, July 25th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $903,800.00.
  • On Monday, July 24th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.68, for a total value of $1,793,600.00.
  • On Thursday, July 20th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.23, for a total value of $902,300.00.
  • On Wednesday, July 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.46, for a total value of $894,600.00.
  • On Monday, July 17th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.64, for a total value of $896,400.00.
  • On Tuesday, July 18th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.58, for a total value of $2,687,400.00.
  • On Thursday, July 13th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.94, for a total value of $899,400.00.

Shares of Salesforce.com Inc (CRM) opened at 90.45 on Monday. The company’s 50-day moving average is $88.60 and its 200 day moving average is $85.06. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $92.13. The stock has a market cap of $64.42 billion, a PE ratio of 478.57 and a beta of 1.29.

Salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

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A number of brokerages recently commented on CRM. Credit Suisse Group began coverage on shares of Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price target for the company. in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, SunTrust Banks, Inc. began coverage on shares of Salesforce.com in a report on Monday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $97.41.

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Salesforce.com by 4.7% in the first quarter. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider’s stock worth $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after buying an additional 2,740,329 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after buying an additional 1,910,921 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Salesforce.com by 1.0% in the first quarter. Baillie Gifford & Co. now owns 6,989,546 shares of the CRM provider’s stock worth $576,567,000 after buying an additional 70,214 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Salesforce.com by 11.2% in the first quarter. Geode Capital Management LLC now owns 5,793,802 shares of the CRM provider’s stock worth $477,183,000 after buying an additional 583,131 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

About Salesforce.com

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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