Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $89.46, for a total transaction of $894,600.00. Following the transaction, the chairman now owns 34,195,300 shares in the company, valued at $3,059,111,538. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Marc Benioff also recently made the following trade(s):
- 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 transaction 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 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.
- On Tuesday, July 11th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $88.22, for a total value of $882,200.00.
- On Wednesday, July 12th, Marc Benioff sold 20,000 shares of Salesforce.com stock. The stock was sold at an average price of $89.07, for a total value of $1,781,400.00.
- On Monday, July 10th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $88.30, for a total value of $883,000.00.
Shares of Salesforce.com Inc (NYSE CRM) traded up 0.10% during midday trading on Monday, reaching $90.71. The company had a trading volume of 1,319,503 shares. The company’s 50-day moving average is $88.36 and its 200-day moving average is $84.69. The firm has a market cap of $64.60 billion, a P/E ratio of 479.95 and a beta of 1.28. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $92.13.
Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts expect that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Salesforce.com by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 686,065 shares of the CRM provider’s stock valued at $46,972,000 after buying an additional 12,512 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Salesforce.com during the fourth quarter valued at about $16,734,000. Perigon Wealth Management LLC raised its stake in shares of Salesforce.com by 49.2% in the fourth quarter. Perigon Wealth Management LLC now owns 46,770 shares of the CRM provider’s stock valued at $3,845,000 after buying an additional 15,413 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock valued at $181,639,000 after buying an additional 633,760 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of Salesforce.com during the fourth quarter valued at about $3,171,000. Institutional investors own 85.80% of the company’s stock.
A number of analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $102.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Friday, May 19th. Zacks Investment Research cut Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Salesforce.com in a report on Monday, May 22nd. Benchmark Co. boosted their target price on Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Vetr upgraded Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 target price for the company in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.41.
About Salesforce.com
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.
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