salesforce.com, inc. (CRM) Chairman Sells $834,300.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $83.43, for a total transaction of $834,300.00. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at $2,852,913,879. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, March 20th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.28, for a total transaction of $1,665,600.00.
  • On Tuesday, March 14th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $81.45, for a total transaction of $814,500.00.

Shares of salesforce.com, inc. (NYSE:CRM) opened at 82.90 on Tuesday. The stock’s 50 day moving average is $81.59 and its 200-day moving average is $75.38. The stock has a market cap of $58.65 billion, a PE ratio of 318.85 and a beta of 1.42. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $84.48.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Tuesday, February 28th. The CRM provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. On average, analysts predict 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)

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A number of brokerages have recently commented on CRM. JMP Securities reaffirmed an “outperform” rating and set a $92.00 target price on shares of salesforce.com, inc. in a research report on Monday. Vetr raised shares of salesforce.com, inc. from a “buy” rating to a “strong-buy” rating and set a $93.31 price objective on the stock in a report on Monday. DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of salesforce.com, inc. in a report on Wednesday, December 28th. Cowen and Company reissued an “outperform” rating and set a $100.00 price objective on shares of salesforce.com, inc. in a report on Wednesday, March 8th. Finally, Barclays PLC reissued an “overweight” rating and set a $89.00 price objective on shares of salesforce.com, inc. in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com, inc. currently has an average rating of “Buy” and a consensus target price of $94.06.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of salesforce.com, inc. by 10.2% in the third quarter. Raymond James Trust N.A. now owns 10,247 shares of the CRM provider’s stock worth $731,000 after buying an additional 950 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of salesforce.com, inc. by 0.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 65,799 shares of the CRM provider’s stock worth $4,693,000 after buying an additional 244 shares during the last quarter. Hills Bank & Trust Co. raised its position in shares of salesforce.com, inc. by 11.5% in the third quarter. Hills Bank & Trust Co. now owns 9,430 shares of the CRM provider’s stock worth $673,000 after buying an additional 975 shares during the last quarter. Triangle Securities Wealth Management purchased a new position in shares of salesforce.com, inc. during the third quarter worth $843,000. Finally, New England Research & Management Inc. purchased a new position in shares of salesforce.com, inc. during the third quarter worth $449,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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.

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