salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $839,300.00. Following the completion of the sale, the chairman now owns 34,195,300 shares of the company’s stock, valued at $2,870,011,529. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, April 19th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.78, for a total value of $837,800.00.
  • On Monday, April 17th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.92, for a total value of $839,200.00.
  • On Thursday, April 13th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.55, for a total value of $1,671,000.00.
  • On Tuesday, April 11th, Marc Benioff sold 30,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $84.08, for a total value of $2,522,400.00.
  • On Thursday, April 6th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $84.87, for a total value of $848,700.00.
  • On Wednesday, April 5th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $85.00, for a total value of $850,000.00.
  • On Tuesday, April 4th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.87, for a total value of $828,700.00.
  • On Monday, April 3rd, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.45, for a total value of $1,649,000.00.
  • On Thursday, March 30th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.23, for a total value of $1,644,600.00.
  • On Tuesday, March 28th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $81.68, for a total value of $1,633,600.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.66% during midday trading on Thursday, hitting $84.05. 4,012,985 shares of the stock traded hands. salesforce.com, inc. has a 52 week low of $66.43 and a 52 week high of $86.42. The firm has a market capitalization of $59.46 billion, a PE ratio of 323.27 and a beta of 1.42. The company’s 50-day moving average is $83.10 and its 200 day moving average is $76.92.

salesforce.com, inc. (NYSE:CRM) last posted its earnings results on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.23. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. Analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current year.

Insider Buying and Selling by Quarter for salesforce.com, inc. (NYSE:CRM)

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CRM has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating and set a $80.00 target price on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Morgan Stanley restated an “overweight” rating and set a $107.00 target price on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Rosenblatt Securities restated a “buy” rating on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Wunderlich restated a “buy” rating and set a $101.00 target price on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Finally, Drexel Hamilton restated a “buy” rating and set a $100.00 target price on shares of salesforce.com, inc. in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $94.02.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Huntington National Bank increased its position in salesforce.com, inc. by 2.9% in the first quarter. Huntington National Bank now owns 15,232 shares of the CRM provider’s stock worth $1,257,000 after buying an additional 430 shares during the period. Gemmer Asset Management LLC increased its position in salesforce.com, inc. by 19.7% in the first quarter. Gemmer Asset Management LLC now owns 20,053 shares of the CRM provider’s stock worth $1,654,000 after buying an additional 3,295 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in salesforce.com, inc. during the first quarter worth approximately $1,384,000. Capital Impact Advisors LLC increased its position in salesforce.com, inc. by 55.1% in the first quarter. Capital Impact Advisors LLC now owns 29,266 shares of the CRM provider’s stock worth $2,414,000 after buying an additional 10,395 shares during the period. Finally, Bank of The West increased its position in salesforce.com, inc. by 4.8% in the first quarter. Bank of The West now owns 71,412 shares of the CRM provider’s stock worth $5,891,000 after buying an additional 3,297 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

salesforce.com, inc. 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.

5 Day Chart for NYSE:CRM

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