Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $89.68, for a total transaction of $1,793,600.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares in the company, valued at $3,066,634,504. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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 transaction 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 transaction of $898,300.00.
- On Tuesday, August 1st, Marc Benioff sold 30,000 shares of Salesforce.com stock. The stock was sold at an average price of $90.89, for a total transaction of $2,726,700.00.
- 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 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 transaction of $903,800.00.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $899,400.00.
Shares of Salesforce.com Inc (NYSE CRM) traded up 1.12% during midday trading on Friday, reaching $88.61. 1,829,009 shares of the company were exchanged. The company has a market capitalization of $63.11 billion, a PE ratio of 468.84 and a beta of 1.29. The firm’s 50 day moving average is $89.19 and its 200-day moving average is $85.57. 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 EPS for the quarter, topping the 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 firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the business earned $0.24 earnings per share. Salesforce.com’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
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CRM has been the subject of several research analyst reports. Barclays PLC upped their target price on shares of Salesforce.com from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Credit Suisse Group initiated coverage on shares of Salesforce.com in a report on Thursday, April 27th. They issued an “outperform” rating and a $110.00 target price for the company. Benchmark Co. initiated coverage on shares of Salesforce.com in a report on Thursday, April 27th. They issued an “outperform” rating and a $100.00 target price for the company. Zacks Investment Research cut shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Sunday, May 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.31.
A number of large investors have recently modified their holdings of the company. Capital Analysts LLC boosted its stake 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 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 valued at $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 valued at approximately $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 valued at $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 valued at $134,000 after buying an additional 1,289 shares during the period. Hedge funds and other institutional investors own 85.87% 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.
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