salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 20,000 Shares

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

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

  • On Wednesday, March 15th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.43, for a total value of $834,300.00.
  • On Tuesday, March 14th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.18, for a total value of $831,800.00.
  • On Monday, March 13th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.40, for a total value of $834,000.00.
  • On Friday, March 10th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.54, for a total value of $835,400.00.
  • On Thursday, March 9th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.39, for a total value of $1,667,800.00.
  • On Tuesday, March 7th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.74, for a total value of $1,654,800.00.
  • On Friday, March 3rd, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.41, for a total value of $1,648,200.00.
  • On Wednesday, March 1st, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.38, for a total value of $833,800.00.
  • On Tuesday, February 28th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.43, for a total value of $1,628,600.00.
  • On Friday, February 24th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.45, for a total value of $814,500.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.16% on Monday, hitting $82.90. The stock had a trading volume of 3,428,659 shares. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $84.48. The firm’s 50-day moving average price is $81.59 and its 200 day moving average price is $75.38. The firm has a market cap of $58.65 billion, a P/E ratio of 318.85 and a beta of 1.42.

salesforce.com, inc. (NYSE:CRM) last announced its quarterly earnings data on Tuesday, February 28th. The CRM provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. 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%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Analysts anticipate 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)

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Several research analysts have recently issued reports on CRM shares. Cowen and Company set a $95.00 target price on salesforce.com, inc. and gave the stock a “buy” rating in a research report on Tuesday, November 29th. MKM Partners reissued a “buy” rating and issued a $93.00 target price on shares of salesforce.com, inc. in a research report on Thursday, December 1st. Drexel Hamilton started coverage on salesforce.com, inc. in a research report on Monday, December 19th. They issued a “buy” rating and a $100.00 target price for the company. Brean Capital reissued a “buy” rating and issued a $110.00 target price on shares of salesforce.com, inc. in a research report on Thursday, December 15th. Finally, Vetr lowered salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com, inc. currently has an average rating of “Buy” and an average price target of $94.06.

Large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of salesforce.com, inc. by 7.0% in the fourth quarter. State Street Corp now owns 26,765,636 shares of the CRM provider’s stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. Rhumbline Advisers raised its stake in shares of salesforce.com, inc. by 4.4% in the third quarter. Rhumbline Advisers now owns 962,662 shares of the CRM provider’s stock worth $68,667,000 after buying an additional 40,697 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of salesforce.com, inc. by 82.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 207,860 shares of the CRM provider’s stock worth $14,804,000 after buying an additional 93,959 shares during the period. Willingdon Wealth Management raised its stake in shares of salesforce.com, inc. by 1.3% in the third quarter. Willingdon Wealth Management now owns 29,204 shares of the CRM provider’s stock worth $2,083,000 after buying an additional 367 shares during the period. Finally, Cigna Investments Inc. New bought a new stake in shares of salesforce.com, inc. during the fourth quarter worth $1,615,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

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