Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $73.37, for a total value of $1,834,250.00. Following the transaction, the chairman now owns 34,595,500 shares in the company, valued at $2,538,271,835. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, November 29th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $72.84, for a total value of $910,500.00.
  • On Wednesday, November 30th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $72.72, for a total value of $1,818,000.00.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $1,857,000.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.00 on Thursday. The stock has a market cap of $50.16 billion, a price-to-earnings ratio of 244.07 and a beta of 1.55. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48. The company has a 50 day moving average price of $74.25 and a 200-day moving average price of $77.52.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company posted $0.21 EPS. The business’s revenue was up 25.3% on a year-over-year basis. Equities analysts predict 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its position in Salesforce.com by 639.2% in the third quarter. Two Sigma Advisers LP now owns 2,252,776 shares of the CRM provider’s stock worth $160,691,000 after buying an additional 1,948,000 shares during the period. Manning & Napier Advisors LLC raised its position in Salesforce.com by 256.6% in the third quarter. Manning & Napier Advisors LLC now owns 1,841,411 shares of the CRM provider’s stock worth $131,347,000 after buying an additional 1,324,985 shares during the period. Vanguard Group Inc. raised its position in Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock worth $3,130,829,000 after buying an additional 1,181,756 shares during the period. Capital Fund Management S.A. acquired a new position in Salesforce.com during the third quarter worth $82,896,000. Finally, American Century Companies Inc. raised its position in Salesforce.com by 54.4% in the second quarter. American Century Companies Inc. now owns 3,297,549 shares of the CRM provider’s stock worth $261,858,000 after buying an additional 1,161,596 shares during the period. 85.24% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on CRM. FBN Securities set a $90.00 price objective on Salesforce.com and gave the stock a “buy” rating in a report on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 price objective on Salesforce.com and gave the stock a “buy” rating in a report on Sunday, September 4th. DA Davidson set a $86.00 price objective on Salesforce.com and gave the stock a “hold” rating in a report on Sunday, September 11th. Rosenblatt Securities set a $90.00 price objective on Salesforce.com and gave the stock a “buy” rating in a report on Saturday, November 19th. Finally, Cowen and Company reiterated a “buy” rating on shares of Salesforce.com in a report on Sunday, November 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price 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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