salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $83.93, for a total transaction of $839,300.00. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,870,011,529. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction of $2,522,400.00.
  • On Thursday, April 6th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $84.87, for a total transaction of $848,700.00.
  • On Wednesday, April 5th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $85.00, for a total transaction of $850,000.00.
  • On Tuesday, April 4th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.87, for a total transaction of $828,700.00.
  • On Monday, April 3rd, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.45, for a total transaction of $1,649,000.00.
  • On Thursday, March 30th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $82.23, for a total transaction of $1,644,600.00.
  • On Tuesday, March 28th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $81.68, for a total transaction of $1,633,600.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.29% during trading on Friday, reaching $83.81. 2,107,828 shares of the company were exchanged. The stock’s 50 day moving average is $83.10 and its 200 day moving average is $76.92. The company has a market capitalization of $59.29 billion, a price-to-earnings ratio of 322.35 and a beta of 1.42. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $86.42.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.23. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Equities analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current year.

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

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A number of equities research analysts recently weighed in on the stock. Vetr lowered shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $91.96 target price on the stock. in a report on Monday, April 3rd. Robert W. Baird restated an “outperform” rating and issued a $90.00 target price on shares of salesforce.com, inc. in a report on Saturday, March 25th. BMO Capital Markets restated a “buy” rating and issued a $92.00 target price on shares of salesforce.com, inc. in a report on Wednesday, March 22nd. JMP Securities restated an “outperform” rating and issued a $92.00 target price on shares of salesforce.com, inc. in a report on Monday, March 20th. Finally, Wedbush restated an “outperform” rating on shares of salesforce.com, inc. in a report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $94.02.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in salesforce.com, inc. by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,150 shares of the CRM provider’s stock valued at $1,437,000 after buying an additional 60 shares in the last quarter. Lincoln National Corp increased its position in salesforce.com, inc. by 2.1% in the third quarter. Lincoln National Corp now owns 3,771 shares of the CRM provider’s stock valued at $269,000 after buying an additional 76 shares in the last quarter. Johnson Financial Group Inc. increased its position in salesforce.com, inc. by 2.0% in the fourth quarter. Johnson Financial Group Inc. now owns 5,284 shares of the CRM provider’s stock valued at $362,000 after buying an additional 105 shares in the last quarter. Atlas Brown Inc. increased its position in salesforce.com, inc. by 3.7% in the first quarter. Atlas Brown Inc. now owns 3,577 shares of the CRM provider’s stock valued at $295,000 after buying an additional 128 shares in the last quarter. Finally, Iowa State Bank increased its position in salesforce.com, inc. by 0.3% in the first quarter. Iowa State Bank now owns 51,847 shares of the CRM provider’s stock valued at $4,277,000 after buying an additional 130 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

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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