Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $73.36, for a total transaction of $1,834,000.00. Following the completion of the sale, the chairman now owns 35,383,000 shares of the company’s stock, valued at approximately $2,595,696,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, September 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.39, for a total transaction of $917,375.00.
  • On Tuesday, September 20th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.08, for a total transaction of $913,500.00.
  • On Thursday, September 15th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.97, for a total transaction of $924,625.00.
  • On Wednesday, September 14th, Marc Benioff sold 37,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.80, for a total transaction of $2,767,500.00.
  • On Friday, September 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.97, for a total value of $937,125.00.
  • On Thursday, September 8th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $74.81, for a total value of $1,870,250.00.
  • On Tuesday, September 6th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $75.31, for a total value of $1,882,750.00.
  • On Thursday, September 1st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $75.25, for a total value of $940,625.00.
  • On Wednesday, August 31st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $79.35, for a total value of $991,875.00.
  • On Tuesday, August 30th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $79.80, for a total value of $1,995,000.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 74.18 on Thursday. The firm has a 50-day moving average of $77.35 and a 200-day moving average of $77.79. The company has a market capitalization of $50.81 billion, a P/E ratio of 228.95 and a beta of 1.57. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. On average, equities analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares in the last quarter. M&R Capital Management Inc. bought a new stake in Salesforce.com during the second quarter valued at approximately $119,000. Ropes Wealth Advisors LLC boosted its stake in Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock valued at $149,000 after buying an additional 44 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock valued at $154,000 after buying an additional 1,071 shares in the last quarter. 87.23% of the stock is owned by hedge funds and other institutional investors.

CRM has been the subject of a number of research reports. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a report on Wednesday, June 1st. Morgan Stanley reiterated a “buy” rating on shares of Salesforce.com in a report on Tuesday, May 31st. Citigroup Inc. reiterated a “buy” rating on shares of Salesforce.com in a report on Wednesday, June 1st. Bank of America Corp. reiterated a “buy” rating on shares of Salesforce.com in a report on Wednesday, June 8th. Finally, Brean Capital reiterated a “buy” rating on shares of Salesforce.com in a report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.63.

Salesforce.com Company Profile

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.

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