Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $88.30, for a total value of $883,000.00. Following the sale, the chairman now owns 34,195,300 shares in the company, valued at approximately $3,019,444,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 7th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.31, for a total value of $2,709,300.00.
  • On Wednesday, August 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $89.58, for a total value of $2,687,400.00.

Shares of Salesforce.com Inc (NYSE:CRM) opened at 90.50 on Tuesday. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $92.13. The company’s 50-day moving average price is $88.60 and its 200-day moving average price is $85.06. The firm has a market capitalization of $64.45 billion, a P/E ratio of 478.84 and a beta of 1.29.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $2.39 billion for 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 business’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities research analysts expect that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in CRM. Dimensional Fund Advisors LP raised its position in shares of Salesforce.com by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 686,065 shares of the CRM provider’s stock worth $46,972,000 after buying an additional 12,512 shares during the last quarter. Israel Discount Bank of New York GFN acquired a new position in shares of Salesforce.com during the fourth quarter worth about $491,000. Quadrature Capital Ltd acquired a new position in shares of Salesforce.com during the fourth quarter worth about $16,734,000. Perigon Wealth Management LLC raised its position in shares of Salesforce.com by 49.2% in the fourth quarter. Perigon Wealth Management LLC now owns 46,770 shares of the CRM provider’s stock worth $3,845,000 after buying an additional 15,413 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock worth $181,639,000 after buying an additional 633,760 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

A number of equities analysts recently issued reports on CRM shares. Oppenheimer Holdings, Inc. reissued a “hold” rating and issued a $100.00 price objective (up from $95.00) on shares of Salesforce.com in a report on Friday, May 19th. Zacks Investment Research lowered Salesforce.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. SunTrust Banks, Inc. started coverage on Salesforce.com in a report on Monday, June 26th. They issued a “buy” rating and a $110.00 price objective for the company. Vetr lowered Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective for the company. in a report on Tuesday, July 11th. Finally, ValuEngine raised Salesforce.com from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $97.41.

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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