Insider Selling: salesforce.com, inc. (CRM) Chairman Sells 10,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the transaction, the chairman now owns 34,195,300 shares in the company, valued at approximately $2,906,600,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, April 20th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.93, for a total value of $839,300.00.
  • On Wednesday, April 19th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.78, for a total value of $837,800.00.
  • On Monday, April 17th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.92, for a total value of $839,200.00.
  • On Thursday, April 13th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.55, for a total value of $1,671,000.00.
  • On Tuesday, April 11th, Marc Benioff sold 30,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $84.08, for a total value of $2,522,400.00.
  • On Thursday, April 6th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $84.87, for a total value of $848,700.00.
  • On Tuesday, April 4th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.87, for a total value of $828,700.00.
  • On Monday, April 3rd, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.45, for a total value of $1,649,000.00.
  • On Thursday, March 30th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.23, for a total value of $1,644,600.00.
  • On Tuesday, March 28th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.68, for a total value of $1,633,600.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.31% during trading on Friday, hitting $83.79. 2,946,068 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $83.13 and a 200-day moving average price of $77.02. salesforce.com, inc. has a one year low of $66.43 and a one year high of $86.42. The stock has a market cap of $59.28 billion, a P/E ratio of 322.27 and a beta of 1.42.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.23. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. Equities research analysts expect 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)

COPYRIGHT VIOLATION NOTICE: “Insider Selling: salesforce.com, inc. (CRM) Chairman Sells 10,000 Shares of Stock” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/04/21/marc-benioff-sells-10000-shares-of-salesforce-com-inc-crm-stock-5-updated.html.

Several research firms recently commented on CRM. Vetr downgraded salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $91.96 price objective on the stock. in a research note on Monday, April 3rd. Robert W. Baird reiterated an “outperform” rating and issued a $90.00 price objective on shares of salesforce.com, inc. in a research note on Saturday, March 25th. BMO Capital Markets reiterated a “buy” rating and issued a $92.00 price objective on shares of salesforce.com, inc. in a research note on Wednesday, March 22nd. JMP Securities reiterated an “outperform” rating and issued a $92.00 price objective on shares of salesforce.com, inc. in a research note on Monday, March 20th. Finally, Wedbush reissued an “outperform” rating on shares of salesforce.com, inc. in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.02.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MAI Capital Management raised its position in shares of salesforce.com, inc. by 6.1% in the third quarter. MAI Capital Management now owns 10,813 shares of the CRM provider’s stock worth $771,000 after buying an additional 622 shares during the last quarter. Atlas Brown Inc. bought a new position in shares of salesforce.com, inc. during the third quarter worth about $246,000. Bank of Montreal Can raised its position in shares of salesforce.com, inc. by 35.3% in the third quarter. Bank of Montreal Can now owns 538,329 shares of the CRM provider’s stock worth $38,398,000 after buying an additional 140,493 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of salesforce.com, inc. during the third quarter worth about $1,569,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of salesforce.com, inc. by 1.0% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,000 shares of the CRM provider’s stock worth $357,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

salesforce.com, inc. Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

5 Day Chart for NYSE:CRM

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