Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $73.37, for a total value of $1,834,250.00. Following the completion of the sale, the chairman now directly owns 34,595,500 shares of the company’s stock, valued at approximately $2,538,271,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, November 23rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.05, for a total value of $925,625.00.
  • On Tuesday, November 22nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $75.74, for a total value of $946,750.00.
  • On Monday, November 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $76.49, for a total value of $956,125.00.
  • On Friday, November 18th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $78.07, for a total value of $975,875.00.
  • On Thursday, November 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $74.66, for a total value of $933,250.00.
  • On Wednesday, November 16th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $73.68, for a total value of $921,000.00.
  • On Tuesday, November 15th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.68, for a total value of $1,842,000.00.
  • On Friday, November 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $74.28, for a total value of $1,857,000.00.
  • On Wednesday, November 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $75.61, for a total value of $945,125.00.
  • On Tuesday, November 8th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $76.56, for a total value of $957,000.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.93 on Wednesday. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48. The firm has a market cap of $50.81 billion, a price-to-earnings ratio of 247.22 and a beta of 1.55. The company has a 50 day moving average of $74.32 and a 200-day moving average of $77.55.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The firm earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. On average, analysts expect that Salesforce.com Inc. will post $0.98 EPS for the current year.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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Several analysts have issued reports on the company. Bank of America Corp. restated a “buy” rating and set a $77.82 price objective (down previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 25th. Piper Jaffray Cos. restated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Thursday, September 1st. Cowen and Company restated an “outperform” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 12th. DA Davidson cut their price objective on Salesforce.com from $86.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Finally, Wedbush restated an “outperform” rating and set a $96.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.05.

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in Salesforce.com by 0.5% in the second quarter. Brighton Jones LLC now owns 4,270 shares of the CRM provider’s stock valued at $339,000 after buying an additional 22 shares during the last quarter. Hollencrest Securities LLC increased its position in Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock valued at $256,000 after buying an additional 29 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Salesforce.com by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,552 shares of the CRM provider’s stock valued at $282,000 after buying an additional 35 shares during the last quarter. Integrated Investment Consultants LLC increased its position in Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock valued at $1,014,000 after buying an additional 38 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:CRM

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