Salesforce.com Inc (NYSE:CRM) Chairman Sells $2,726,700.00 in Stock

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $90.89, for a total value of $2,726,700.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares in the company, valued at $3,108,010,817. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, August 7th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.31, for a total value of $2,709,300.00.
  • On Wednesday, August 2nd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.83, for a total value of $898,300.00.
  • On Wednesday, July 26th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.59, for a total value of $905,900.00.
  • On Tuesday, July 25th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $903,800.00.
  • On Monday, July 24th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.68, for a total value of $1,793,600.00.
  • On Thursday, July 20th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $90.23, for a total value of $902,300.00.
  • On Wednesday, July 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.46, for a total value of $894,600.00.
  • On Monday, July 17th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.64, for a total value of $896,400.00.
  • On Tuesday, July 18th, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.58, for a total value of $2,687,400.00.
  • On Thursday, July 13th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $89.94, for a total value of $899,400.00.

Shares of Salesforce.com Inc (CRM) traded down 0.13% during trading on Friday, hitting $90.76. The company’s stock had a trading volume of 3,046,785 shares. Salesforce.com Inc has a one year low of $66.43 and a one year high of $92.49. The stock has a market cap of $64.64 billion, a PE ratio of 480.21 and a beta of 1.29. The company has a 50-day moving average price of $89.63 and a 200-day moving average price of $86.11.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The company had revenue of $2.39 billion during 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%. Salesforce.com’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. Equities analysts predict that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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CRM has been the topic of a number of recent research reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 target price (up previously from $105.00) on shares of Salesforce.com in a report on Monday, June 5th. ValuEngine raised Salesforce.com from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Credit Suisse Group initiated coverage on Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $102.00 target price on shares of Salesforce.com in a report on Monday, July 31st. Finally, Vetr downgraded Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price on the stock. in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the company. Salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $97.31.

A number of hedge funds and other institutional investors have recently modified their holdings of CRM. Capital Analysts LLC increased its position in shares of Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after buying an additional 156 shares during the period. Peddock Capital Advisors LLC increased its position in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after buying an additional 1,350 shares during the period. People s United Financial Inc. increased its position in shares of Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after buying an additional 550 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Salesforce.com during the second quarter valued at $130,000. Finally, First Personal Financial Services increased its position in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the period. Institutional investors own 86.29% of the company’s stock.

Salesforce.com 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.

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

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