Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of Salesforce.com stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $89.58, for a total transaction of $2,687,400.00. Following the completion of the sale, the chairman now owns 34,195,300 shares of the company’s stock, valued at approximately $3,063,214,974. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, July 13th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.94, for a total transaction of $899,400.00.
  • 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.

Salesforce.com Inc (NYSE:CRM) traded down 0.02% during trading on Tuesday, reaching $89.27. 3,813,143 shares of the company’s stock were exchanged. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $91.99. The stock has a market capitalization of $63.58 billion, a price-to-earnings ratio of 472.33 and a beta of 1.28. The company’s 50 day moving average price is $88.71 and its 200-day moving average price is $82.11.

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

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Several hedge funds have recently modified their holdings of CRM. First Personal Financial Services boosted its stake in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after buying an additional 112 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock worth $134,000 after buying an additional 1,289 shares during the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Salesforce.com during the first quarter worth $141,000. Acrospire Investment Management LLC boosted its stake in shares of Salesforce.com by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock worth $157,000 after buying an additional 500 shares during the last quarter. Finally, Pinnacle Bank purchased a new stake in shares of Salesforce.com during the first quarter worth $181,000. Institutional investors and hedge funds own 85.62% of the company’s stock.

Several equities analysts have commented on the stock. Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price target for the company. in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. assumed coverage on shares of Salesforce.com in a research note on Monday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. Northland Securities set a $105.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $80.00 price target on shares of Salesforce.com in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $97.41.

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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