Insider Selling: salesforce.com, inc. (CRM) Chairman Sells 20,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 20,000 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $83.28, for a total value of $1,665,600.00. Following the transaction, the chairman now owns 34,195,300 shares in the company, valued at $2,847,784,584. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • 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 value 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 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 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.
  • On Friday, March 24th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.76, for a total value of $817,600.00.
  • On Thursday, March 23rd, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.86, for a total value of $818,600.00.
  • On Wednesday, March 22nd, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.64, for a total value of $816,400.00.
  • On Wednesday, March 15th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $83.43, for a total value of $834,300.00.

salesforce.com, inc. (NYSE:CRM) opened at 84.38 on Monday. The stock has a market capitalization of $59.70 billion, a P/E ratio of 324.54 and a beta of 1.42. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $84.85. The firm’s 50-day moving average price is $82.01 and its 200 day moving average price is $75.55.

salesforce.com, inc. (NYSE:CRM) last released its quarterly earnings data on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s revenue was up 26.8% on a year-over-year basis. On average, equities 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)

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Hills Bank & Trust Co. boosted its position in 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 in the last quarter. Oregon Public Employees Retirement Fund boosted its position in 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 in the last quarter. Raymond James Trust N.A. boosted its position in 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 in the last quarter. Grassi Investment Management boosted its position in salesforce.com, inc. by 120.2% in the third quarter. Grassi Investment Management now owns 15,113 shares of the CRM provider’s stock worth $1,078,000 after buying an additional 8,250 shares in the last quarter. Finally, Atria Investments LLC boosted its position in salesforce.com, inc. by 13.8% in the third quarter. Atria Investments LLC now owns 6,133 shares of the CRM provider’s stock worth $437,000 after buying an additional 742 shares in the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Several research firms have recently weighed in on CRM. DA Davidson reiterated a “neutral” rating and set a $80.00 price target on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Vetr downgraded salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 target price for the company. in a research note on Wednesday, March 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 price target on shares of salesforce.com, inc. in a report on Wednesday, March 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 price target on shares of salesforce.com, inc. in a report on Friday, March 3rd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $95.00 price target on shares of salesforce.com, inc. in a report on Friday, March 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $94.02.

About salesforce.com, inc.

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.

5 Day Chart for NYSE:CRM

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