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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com, inc. stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $84.87, for a total value of $848,700.00. Following the sale, the chairman now directly owns 34,195,300 shares in the company, valued at $2,902,155,111. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $84.08, for a total value of $2,522,400.00.
  • On Wednesday, April 5th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $85.00, for a total value of $850,000.00.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $81.68, for a total value of $1,633,600.00.

salesforce.com, inc. (NYSE:CRM) traded down 0.43% during mid-day trading on Friday, hitting $83.69. 2,256,416 shares of the stock traded hands. The company has a market cap of $59.21 billion, a price-to-earnings ratio of 321.88 and a beta of 1.42. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $86.42. The stock’s 50 day moving average is $83.10 and its 200-day moving average is $76.92.

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

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

COPYRIGHT VIOLATION NOTICE: This story was published by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://baseballnewssource.com/markets/salesforce-com-inc-crm-chairman-marc-benioff-sells-10000-shares-updated/580447.html.

A number of brokerages have recently commented on CRM. Cowen and Company reaffirmed an “outperform” rating and set a $100.00 price target on shares of salesforce.com, inc. in a research report on Wednesday, March 8th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $95.00 price objective on shares of salesforce.com, inc. in a research report on Friday, March 3rd. Vetr lowered salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price objective on the stock. in a research report on Wednesday, March 1st. Societe Generale set a $98.00 price objective on salesforce.com, inc. and gave the company a “buy” rating in a research report on Thursday, March 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective on shares of salesforce.com, inc. in a research report on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $94.02.

Large investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in salesforce.com, inc. by 1.2% in the first quarter. Retirement Systems of Alabama now owns 446,567 shares of the CRM provider’s stock worth $36,837,000 after buying an additional 5,158 shares during the last quarter. Huntington National Bank raised its position in shares of salesforce.com, inc. by 2.9% in the first quarter. Huntington National Bank now owns 15,232 shares of the CRM provider’s stock valued at $1,257,000 after buying an additional 430 shares in the last quarter. Gemmer Asset Management LLC raised its position in shares of salesforce.com, inc. by 19.7% in the first quarter. Gemmer Asset Management LLC now owns 20,053 shares of the CRM provider’s stock valued at $1,654,000 after buying an additional 3,295 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of salesforce.com, inc. during the first quarter valued at $1,384,000. Finally, Capital Impact Advisors LLC raised its position in shares of salesforce.com, inc. by 55.1% in the first quarter. Capital Impact Advisors LLC now owns 29,266 shares of the CRM provider’s stock valued at $2,414,000 after buying an additional 10,395 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

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

Receive News & Ratings for salesforce.com inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com inc. and related companies with our FREE daily email newsletter.

 


Latest News

Gift Ngoepe Becomes First African to Play in MLB
Gift Ngoepe Becomes First African to Play in MLB
Eric Thames Pulled From Game With Tightness in Hamstring
Eric Thames Pulled From Game With Tightness in Hamstring
Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead


Leave a Reply

 
© 2006-2017 BBNS.