Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $89.94, for a total transaction of $899,400.00. Following the sale, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $3,075,525,282. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, July 11th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $88.22, for a total transaction of $882,200.00.
  • On Wednesday, July 12th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.07, for a total transaction of $1,781,400.00.
  • On Monday, July 10th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $88.30, for a total transaction of $883,000.00.
  • On Friday, July 7th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $87.96, for a total transaction of $879,600.00.
  • On Thursday, July 6th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.90, for a total transaction of $869,000.00.
  • On Friday, June 30th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.90, for a total transaction of $869,000.00.
  • On Monday, July 3rd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.00, for a total transaction of $860,000.00.
  • On Wednesday, July 5th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.67, for a total transaction of $2,600,100.00.
  • On Wednesday, June 28th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The stock was sold at an average price of $87.92, for a total transaction of $1,758,400.00.
  • On Monday, June 26th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The stock was sold at an average price of $88.41, for a total transaction of $1,768,200.00.

Shares of Salesforce.com Inc (NYSE:CRM) opened at 90.00 on Monday. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 476.19 and a beta of 1.28. The company has a 50-day moving average of $88.71 and a 200 day moving average of $82.11. Salesforce.com Inc has a one year low of $66.43 and a one year high of $91.99.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

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CRM has been the subject of a number of research reports. Benchmark Co. upped their target price on shares of Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Barclays PLC upped their target price on shares of Salesforce.com from $89.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. JMP Securities restated an “outperform” rating and set a $92.00 target price on shares of Salesforce.com in a research report on Monday, March 20th. Finally, Credit Suisse Group initiated coverage on shares of Salesforce.com in a research report on Thursday, April 27th. They set an “outperform” rating and a $110.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. Salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $97.41.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Personal Financial Services boosted its position in Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares during the last quarter. Harfst & Associates Inc. acquired a new position in Salesforce.com during the first quarter valued at about $141,000. Acrospire Investment Management LLC boosted its position in Salesforce.com by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock valued at $157,000 after buying an additional 500 shares during the last quarter. Finally, Pinnacle Bank acquired a new position in Salesforce.com during the first quarter valued at about $181,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.

Salesforce.com Company Profile

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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