Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $73.08, for a total value of $913,500.00. Following the completion of the transaction, the chairman now directly owns 35,383,000 shares of the company’s stock, valued at $2,585,789,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, September 19th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.36, for a total value of $1,834,000.00.
  • On Thursday, September 15th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.97, for a total value of $924,625.00.
  • On Wednesday, September 14th, Marc Benioff sold 37,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.80, for a total value 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.
  • On Friday, August 26th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $79.95, for a total value of $999,375.00.

Salesforce.com Inc. (NYSE:CRM) opened at 72.91 on Wednesday. The firm has a 50-day moving average price of $77.53 and a 200-day moving average price of $77.82. The firm has a market cap of $49.94 billion, a PE ratio of 225.03 and a beta of 1.57. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48.

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

Hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement System purchased a new stake in Salesforce.com during the first quarter worth about $6,056,000. Mn Services Vermogensbeheer B.V. bought a new position in Salesforce.com during the first quarter worth approximately $1,021,000. Aperio Group LLC raised its position in Salesforce.com by 0.6% in the first quarter. Aperio Group LLC now owns 237,211 shares of the CRM provider’s stock worth $17,513,000 after buying an additional 1,487 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Salesforce.com by 20.8% in the first quarter. Commonwealth Equity Services Inc now owns 29,853 shares of the CRM provider’s stock worth $2,204,000 after buying an additional 5,144 shares during the last quarter. Finally, Jag Capital Management LLC raised its position in Salesforce.com by 4.7% in the first quarter. Jag Capital Management LLC now owns 239,990 shares of the CRM provider’s stock worth $17,719,000 after buying an additional 10,870 shares during the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on CRM shares. Morgan Stanley dropped their price objective on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Monday, August 15th. Mizuho increased their price objective on Salesforce.com from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 1st. Wedbush reiterated an “outperform” rating and set a $98.00 price objective (up from $96.00) on shares of Salesforce.com in a research note on Friday, August 26th. Finally, Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 price objective for the company in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and forty-one have issued a buy rating to the company. Salesforce.com currently has a consensus rating of “Buy” and a consensus 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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