salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 20,000 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $83.28, for a total transaction of $1,665,600.00. Following the sale, the chairman now directly owns 34,195,300 shares in the company, valued at $2,847,784,584. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, March 15th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.43, for a total transaction of $834,300.00.
  • On Tuesday, March 14th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.18, for a total transaction of $831,800.00.
  • On Monday, March 13th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.40, for a total transaction of $834,000.00.
  • On Friday, March 10th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.54, for a total transaction of $835,400.00.
  • On Thursday, March 9th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.39, for a total transaction of $1,667,800.00.
  • On Tuesday, March 7th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.74, for a total transaction of $1,654,800.00.
  • On Friday, March 3rd, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.41, for a total transaction of $1,648,200.00.
  • On Wednesday, March 1st, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.38, for a total transaction of $833,800.00.
  • On Tuesday, February 28th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.43, for a total transaction of $1,628,600.00.
  • On Friday, February 24th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.45, for a total transaction of $814,500.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.16% during midday trading on Monday, hitting $82.90. 3,428,659 shares of the stock were exchanged. The firm has a 50 day moving average of $81.59 and a 200 day moving average of $75.38. The firm has a market cap of $58.65 billion, a P/E ratio of 318.85 and a beta of 1.42. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $84.48.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings data on Tuesday, February 28th. The CRM provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The company’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. Equities analysts forecast that salesforce.com, inc. will post $1.29 EPS for the current fiscal year.

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

Your IP Address:

Several equities research analysts have commented on CRM shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target on shares of salesforce.com, inc. in a report on Tuesday, January 31st. Needham & Company LLC started coverage on shares of salesforce.com, inc. in a report on Wednesday, February 15th. They issued a “hold” rating on the stock. Goldman Sachs Group Inc set a $96.00 price target on shares of salesforce.com, inc. and gave the company a “buy” rating in a report on Wednesday, March 1st. MKM Partners reaffirmed a “buy” rating and issued a $93.00 price target on shares of salesforce.com, inc. in a report on Thursday, December 1st. Finally, Pacific Crest reaffirmed an “overweight” rating on shares of salesforce.com, inc. in a report on Saturday, January 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. salesforce.com, inc. presently has a consensus rating of “Buy” and an average target price of $94.06.

Institutional investors have recently bought and sold shares of the stock. JNBA Financial Advisors raised its position in salesforce.com, inc. by 9.3% in the fourth quarter. JNBA Financial Advisors now owns 1,828 shares of the CRM provider’s stock worth $125,000 after buying an additional 155 shares in the last quarter. Hemenway Trust Co LLC purchased a new position in salesforce.com, inc. during the fourth quarter worth $137,000. Global X Management Co. LLC raised its position in salesforce.com, inc. by 278.4% in the third quarter. Global X Management Co. LLC now owns 2,066 shares of the CRM provider’s stock worth $147,000 after buying an additional 1,520 shares in the last quarter. Alpha Omega Wealth Management LLC purchased a new position in salesforce.com, inc. during the third quarter worth $150,000. Finally, Mycio Wealth Partners LLC raised its position in salesforce.com, inc. by 40.2% in the third quarter. Mycio Wealth Partners LLC now owns 2,635 shares of the CRM provider’s stock worth $188,000 after buying an additional 756 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

salesforce.com, inc. 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

Receive News & Ratings for salesforce.com inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com inc. and related companies with MarketBeat.com's FREE daily email newsletter.