Salesforce.com Inc (CRM) Chairman Marc Benioff Sells 20,000 Shares

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $89.68, for a total transaction of $1,793,600.00. Following the completion of the transaction, the chairman now owns 34,195,300 shares of the company’s stock, valued at approximately $3,066,634,504. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, August 7th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.31, for a total transaction of $2,709,300.00.
  • On Wednesday, August 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.83, for a total transaction of $898,300.00.
  • On Tuesday, August 1st, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.89, for a total transaction of $2,726,700.00.
  • On Wednesday, July 26th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.59, for a total transaction of $905,900.00.
  • On Tuesday, July 25th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.38, for a total transaction of $903,800.00.
  • On Thursday, July 20th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.23, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $899,400.00.

Salesforce.com Inc (NYSE:CRM) opened at 88.29 on Friday. The stock’s 50 day moving average is $89.18 and its 200 day moving average is $85.65. The company has a market cap of $62.88 billion, a P/E ratio of 467.14 and a beta of 1.29. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $92.13.

Salesforce.com (NYSE:CRM) last announced 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. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.24 EPS. Equities analysts anticipate that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on CRM. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 price target (up previously from $105.00) on shares of Salesforce.com in a report on Monday, June 5th. ValuEngine raised shares of Salesforce.com from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Credit Suisse Group began coverage on shares of Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Finally, Vetr cut shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price objective on the stock. in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.31.

Large investors have recently made changes to their positions in the company. Capital Analysts LLC raised its stake in shares of Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares during the last quarter. Peddock Capital Advisors LLC raised its stake 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 worth $121,000 after buying an additional 1,350 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Salesforce.com during the second quarter worth $130,000. First Personal Financial Services raised 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. Finally, Dubuque Bank & Trust Co. raised 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. Hedge funds and other institutional investors own 85.87% 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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