Salesforce.com Inc (CRM) Chairman Sells $877,900.00 in Stock

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $87.79, for a total value of $877,900.00. Following the completion of the transaction, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $3,002,005,387. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, June 15th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $85.73, for a total value of $857,300.00.
  • On Wednesday, June 14th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $87.29, for a total value of $872,900.00.
  • On Tuesday, June 13th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $87.34, for a total value of $873,400.00.
  • On Monday, June 12th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $87.29, for a total value of $1,745,800.00.
  • On Thursday, June 8th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $91.02, for a total value of $910,200.00.
  • On Wednesday, June 7th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $91.24, for a total value of $912,400.00.
  • On Monday, June 5th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $91.50, for a total value of $915,000.00.
  • On Friday, June 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.50, for a total value of $905,000.00.
  • On Thursday, June 1st, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.94, for a total value of $899,400.00.
  • On Wednesday, May 31st, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.89, for a total value of $898,900.00.

Shares of Salesforce.com Inc (CRM) opened at 86.00 on Monday. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $91.99. The firm has a market capitalization of $61.25 billion, a price-to-earnings ratio of 455.03 and a beta of 1.24. The stock’s 50 day moving average price is $88.47 and its 200-day moving average price is $81.01.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, equities research analysts predict that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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

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Several research analysts have issued reports on CRM shares. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research report on Friday. Cowen and Company reiterated an “outperform” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Wednesday, March 8th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $95.00 price objective on shares of Salesforce.com in a research report on Friday, March 3rd. Vetr upgraded Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price objective for the company in a research report on Monday, June 12th. Finally, BidaskClub cut Salesforce.com from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $96.78.

Hedge funds have recently added to or reduced their stakes in the stock. Intrust Bank NA increased its stake in Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock valued at $731,000 after buying an additional 36 shares in the last quarter. King Luther Capital Management Corp increased its stake in Salesforce.com by 1.3% in the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock valued at $267,000 after buying an additional 43 shares in the last quarter. Wellington Shields Capital Management LLC increased its stake in Salesforce.com by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 15,350 shares of the CRM provider’s stock valued at $1,266,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in Salesforce.com by 3.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,529 shares of the CRM provider’s stock worth $209,000 after buying an additional 83 shares in the last quarter. Finally, RB Capital Management LLC increased its stake in Salesforce.com by 0.6% in the first quarter. RB Capital Management LLC now owns 14,290 shares of the CRM provider’s stock worth $1,179,000 after buying an additional 90 shares in the last quarter. 85.69% of the stock is currently owned by hedge funds and other institutional investors.

About Salesforce.com

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.

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