Marc Benioff Sells 12,500 Shares of Salesforce.com Inc. (CRM) Stock

Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $74.66, for a total value of $933,250.00. Following the completion of the transaction, the chairman now owns 34,666,300 shares of the company’s stock, valued at $2,588,185,958. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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 value of $975,875.00.
  • 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 value 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 value 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 value of $1,857,000.00.
  • On Wednesday, November 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were 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 shares were sold at an average price of $76.56, for a total value of $957,000.00.
  • On Monday, November 7th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.38, for a total value of $954,750.00.
  • On Friday, November 4th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.74, for a total value of $934,250.00.
  • On Thursday, November 3rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.27, for a total value of $928,375.00.
  • On Wednesday, November 2nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.17, for a total value of $939,625.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 77.77 on Monday. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The company has a market capitalization of $53.70 billion, a PE ratio of 263.63 and a beta of 1.55. The company has a 50 day moving average price of $73.17 and a 200 day moving average price of $77.56.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Salesforce.com’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities analysts predict that Salesforce.com Inc. will post $0.95 EPS for the current fiscal year.

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

Several analysts recently weighed in on the company. DA Davidson set a $86.00 price target on Salesforce.com and gave the stock a “hold” rating in a report on Sunday, September 11th. Rosenblatt Securities set a $90.00 price target on Salesforce.com and gave the stock a “buy” rating in a report on Saturday. FBN Securities set a $90.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Finally, Cowen and Company restated an “outperform” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Saturday, September 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus target price of $92.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. bought a new stake in shares of Salesforce.com during the second quarter valued at approximately $119,000. NEXT Financial Group Inc boosted its stake in shares of Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock valued at $125,000 after buying an additional 39 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its stake in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock valued at $149,000 after buying an additional 44 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

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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