Salesforce.com Inc (CRM) Chairman Sells $2,600,100.00 in Stock

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $86.67, for a total transaction of $2,600,100.00. Following the completion of the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,963,706,651. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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, 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 shares were sold at an average price of $88.41, for a total transaction of $1,768,200.00.
  • On Thursday, June 22nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $88.18, for a total transaction of $881,800.00.
  • On Wednesday, June 21st, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $87.17, for a total transaction of $1,743,400.00.
  • On Monday, June 19th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $86.81, for a total transaction of $1,736,200.00.
  • On Thursday, June 15th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $85.73, for a total transaction of $857,300.00.

Salesforce.com Inc (CRM) opened at 87.92 on Monday. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $91.99. The stock’s 50 day moving average is $88.71 and its 200 day moving average is $82.11. The firm has a market cap of $62.62 billion, a P/E ratio of 465.19 and a beta of 1.28.

Salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts expect that Salesforce.com Inc will post $1.30 EPS for the current year.

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Several equities analysts have weighed in on CRM shares. Benchmark Co. lifted their price target on shares of Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Barclays PLC lifted their price target on shares of Salesforce.com from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. JMP Securities reaffirmed an “outperform” rating and set a $92.00 price target on shares of Salesforce.com in a report on Monday, March 20th. Finally, Credit Suisse Group started coverage on shares of Salesforce.com in a report on Thursday, April 27th. They set an “outperform” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $97.29.

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Salesforce.com by 4.7% in the first quarter. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider’s stock valued at $3,619,736,000 after buying an additional 1,956,427 shares during the period. Janus Capital Management LLC raised its position in Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after buying an additional 1,910,921 shares during the period. Baillie Gifford & Co. raised its position in Salesforce.com by 1.0% in the first quarter. Baillie Gifford & Co. now owns 6,989,546 shares of the CRM provider’s stock valued at $576,567,000 after buying an additional 70,214 shares during the period. Geode Capital Management LLC raised its position in Salesforce.com by 11.2% in the first quarter. Geode Capital Management LLC now owns 5,793,802 shares of the CRM provider’s stock valued at $477,183,000 after buying an additional 583,131 shares during the period. Finally, Norges Bank purchased a new position in Salesforce.com during the fourth quarter valued at approximately $382,802,000. Hedge funds and other institutional investors own 85.69% 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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