Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.31, for a total value of $2,709,300.00. Following the sale, the chairman now owns 34,195,300 shares of the company’s stock, valued at approximately $3,088,177,543. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, August 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.83, for a total value of $898,300.00.
  • On Tuesday, August 1st, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.89, for a total value of $2,726,700.00.
  • On Wednesday, July 26th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.59, for a total value of $905,900.00.
  • On Tuesday, July 25th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $903,800.00.
  • On Monday, July 24th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.68, for a total value of $1,793,600.00.
  • On Thursday, July 20th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.23, for a total value of $902,300.00.
  • On Wednesday, July 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.46, for a total value of $894,600.00.
  • On Monday, July 17th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.64, for a total value of $896,400.00.
  • On Tuesday, July 18th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.58, for a total value of $2,687,400.00.
  • On Thursday, July 13th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.94, for a total value of $899,400.00.

Salesforce.com Inc (CRM) traded up 0.06% during mid-day trading on Monday, reaching $90.50. 1,903,297 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 $92.13. The company has a market cap of $64.45 billion, a PE ratio of 478.84 and a beta of 1.29. The stock has a 50-day moving average price of $88.60 and a 200 day moving average price of $85.06.

Salesforce.com (NYSE:CRM) last issued its quarterly 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 company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities analysts predict that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

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CRM has been the topic of several research reports. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price on the stock in a research report on Monday, May 15th. Zacks Investment Research downgraded Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Credit Suisse Group initiated coverage on Salesforce.com in a research report on Thursday, April 27th. They issued an “outperform” rating and a $110.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $102.00 target price on shares of Salesforce.com in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $100.00 target price on shares of Salesforce.com in a research report on Sunday, May 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty have issued a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus price target of $97.41.

Several institutional investors have recently modified their holdings of CRM. Appropriate Balance Financial Services Inc. boosted its position in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after buying an additional 33 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after buying an additional 1,350 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Salesforce.com during the second quarter valued at $130,000. First Personal Financial Services boosted its position 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 valued at $133,000 after buying an additional 112 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position 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 valued at $134,000 after buying an additional 1,289 shares in the last quarter. 85.87% of the stock is owned by institutional investors.

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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