Marc Benioff Sells 30,000 Shares of Salesforce.com Inc (CRM) Stock

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $90.89, for a total value of $2,726,700.00. Following the transaction, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $3,108,010,817. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $89.94, for a total value of $899,400.00.

Shares of Salesforce.com Inc (NYSE:CRM) traded up 0.75% on Friday, hitting $88.29. 2,882,037 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $89.18 and its 200 day moving average is $85.65. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $92.13. The firm has a market cap of $62.88 billion, a P/E ratio of 467.14 and a beta of 1.29.

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

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Hedge funds have recently bought and sold shares of the company. Capital Analysts LLC raised its stake in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares during the period. Peddock Capital Advisors LLC boosted its stake 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 worth $121,000 after buying an additional 1,350 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Salesforce.com during the second quarter worth about $130,000. First Personal Financial Services boosted its stake 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 worth $133,000 after buying an additional 112 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its stake in shares of Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock worth $134,000 after buying an additional 1,289 shares during the period. 85.87% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on CRM shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $100.00 price objective (up from $95.00) on shares of Salesforce.com in a report on Friday, May 19th. Zacks Investment Research lowered Salesforce.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. SunTrust Banks, Inc. started coverage on Salesforce.com in a report on Monday, June 26th. They set a “buy” rating and a $110.00 price objective for the company. Vetr lowered Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective for the company. in a report on Tuesday, July 11th. Finally, ValuEngine upgraded Salesforce.com from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have issued a buy rating to the company. Salesforce.com has an average rating of “Buy” and an average price target of $97.31.

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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