Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $72.72, for a total transaction of $1,818,000.00. Following the transaction, the chairman now directly owns 34,570,500 shares in the company, valued at $2,513,966,760. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, November 29th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The stock was sold at an average price of $72.84, for a total transaction of $910,500.00.
  • On Monday, November 28th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The stock was sold at an average price of $73.37, for a total transaction of $1,834,250.00.
  • On Wednesday, November 23rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.05, for a total transaction of $925,625.00.
  • On Tuesday, November 22nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.74, for a total transaction of $946,750.00.
  • On Monday, November 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.49, for a total transaction of $956,125.00.
  • On Friday, November 18th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $78.07, for a total transaction of $975,875.00.
  • On Thursday, November 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.66, for a total transaction of $933,250.00.
  • On Wednesday, November 16th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total transaction of $921,000.00.
  • On Tuesday, November 15th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total transaction of $1,842,000.00.
  • On Friday, November 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $74.28, for a total transaction of $1,857,000.00.

Salesforce.com Inc. (NYSE:CRM) traded down 1.28% during mid-day trading on Wednesday, reaching $72.00. 6,261,886 shares of the company’s stock were exchanged. Salesforce.com Inc. has a 52 week low of $52.60 and a 52 week high of $84.48. The stock has a market cap of $50.16 billion, a P/E ratio of 244.07 and a beta of 1.55. The stock has a 50-day moving average price of $74.25 and a 200-day moving average price of $77.52.

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

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Brighton Jones LLC boosted 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 worth $339,000 after buying an additional 22 shares in the last quarter. Hollencrest Securities LLC boosted 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 worth $256,000 after buying an additional 29 shares in the last quarter. Cornerstone Advisors Inc. boosted 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 worth $282,000 after buying an additional 35 shares in the last quarter. Integrated Investment Consultants LLC boosted 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 worth $225,000 after buying an additional 37 shares in the last quarter. Finally, Fulton Bank N.A. boosted 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 worth $1,014,000 after buying an additional 38 shares in the last quarter. 85.24% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on CRM shares. JMP Securities reiterated a “buy” rating on shares of Salesforce.com in a research note on Tuesday, October 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 12th. Vetr cut shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $70.42 target price for the company. in a research report on Thursday, August 25th. Barclays PLC restated an “overweight” rating and set a $89.00 target price on shares of Salesforce.com in a research report on Sunday, October 2nd. Finally, Jefferies Group restated a “hold” rating and set a $80.00 target price on shares of Salesforce.com in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $92.05.

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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