salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $90.50, for a total value of $905,000.00. Following the completion of the transaction, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $3,094,674,650. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, June 19th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $86.81, for a total value of $1,736,200.00.
  • On Thursday, June 15th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $85.73, for a total value of $857,300.00.
  • On Wednesday, June 14th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $87.29, for a total value of $872,900.00.
  • On Tuesday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $87.34, for a total value of $873,400.00.
  • On Monday, June 12th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $87.29, for a total value of $1,745,800.00.
  • On Thursday, June 8th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $91.02, for a total value of $910,200.00.
  • On Wednesday, June 7th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $91.24, for a total value of $912,400.00.
  • On Monday, June 5th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $91.50, for a total value of $915,000.00.
  • On Thursday, June 1st, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $89.94, for a total value of $899,400.00.
  • On Wednesday, May 31st, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $89.89, for a total value of $898,900.00.

Shares of salesforce.com, inc. (NYSE CRM) traded down 0.186% during midday trading on Tuesday, reaching $87.377. The company’s stock had a trading volume of 1,458,017 shares. 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 $62.23 billion, a PE ratio of 462.312 and a beta of 1.24. The stock has a 50-day moving average price of $88.51 and a 200 day moving average price of $81.28.

salesforce.com, inc. (NYSE:CRM) last released its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. salesforce.com, inc. had a negative return on equity of 0.48% and a negative net margin of 0.39%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities analysts forecast that salesforce.com, inc. will post $1.30 earnings per share for the current year.

Insider Buying and Selling by Quarter for salesforce.com, inc. (NYSE:CRM)

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Several equities research analysts have recently weighed in on the company. MKM Partners reissued a “buy” rating and set a $104.00 target price (up previously from $98.00) on shares of salesforce.com, inc. in a research report on Friday, May 19th. Jefferies Group LLC reissued a “hold” rating and set a $80.00 target price on shares of salesforce.com, inc. in a research report on Monday, May 22nd. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of salesforce.com, inc. in a research report on Monday, May 22nd. Vetr lowered salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 target price on the stock. in a research report on Wednesday, March 8th. Finally, Mizuho reissued a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc. in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $96.78.

A number of large investors have recently added to or reduced their stakes in CRM. Cpcm LLC increased its stake in salesforce.com, inc. by 3.1% in the first quarter. Cpcm LLC now owns 5,084 shares of the CRM provider’s stock worth $419,000 after buying an additional 155 shares during the period. Aldebaran Financial Inc. increased its stake in salesforce.com, inc. by 0.7% in the first quarter. Aldebaran Financial Inc. now owns 14,570 shares of the CRM provider’s stock worth $1,202,000 after buying an additional 100 shares during the period. Columbia Partners L L C Investment Management increased its stake in salesforce.com, inc. by 21.1% in the first quarter. Columbia Partners L L C Investment Management now owns 41,934 shares of the CRM provider’s stock worth $3,459,000 after buying an additional 7,317 shares during the period. Piedmont Investment Advisors LLC increased its stake in salesforce.com, inc. by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 135,864 shares of the CRM provider’s stock worth $11,207,000 after buying an additional 1,224 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in salesforce.com, inc. by 32.4% in the first quarter. Ballentine Partners LLC now owns 8,182 shares of the CRM provider’s stock worth $675,000 after buying an additional 2,002 shares during the last quarter. 85.69% of the stock is currently owned by institutional investors and hedge funds.

salesforce.com, inc. 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.

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