Salesforce.com Inc (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $89.64, for a total transaction of $896,400.00. Following the sale, the chief executive officer now directly owns 34,195,300 shares of the company’s stock, valued at approximately $3,065,266,692. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction of $898,300.00.
- On Tuesday, August 1st, Marc Benioff sold 30,000 shares of Salesforce.com stock. The shares were 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 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 shares were sold at an average price of $90.38, for a total transaction 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 transaction 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 transaction 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 transaction of $894,600.00.
- 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.
Salesforce.com Inc (NYSE:CRM) traded up 1.70% during mid-day trading on Wednesday, reaching $92.24. The company had a trading volume of 4,273,739 shares. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $92.40. The firm has a market capitalization of $65.69 billion, a P/E ratio of 488.04 and a beta of 1.29. The stock’s 50-day moving average is $89.44 and its 200 day moving average is $85.99. Salesforce.com also was the target of unusually large options trading on Monday. Stock investors purchased 11,294 call options on the company. This is an increase of 150% compared to the average daily volume of 4,516 call options.
Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts predict that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Salesforce.com Inc (NYSE:CRM) CEO Sells $896,400.00 in Stock” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/17/salesforce-com-inc-nysecrm-ceo-sells-896400-00-in-stock-updated-updated-updated.html.
Several institutional investors have recently modified their holdings of CRM. Capital Analysts LLC boosted 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 worth $110,000 after buying an additional 156 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in 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 in the last quarter. People s United Financial Inc. boosted its stake in 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 worth $127,000 after buying an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Salesforce.com during the second quarter worth $130,000. Finally, First Personal Financial Services boosted its stake in 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 in the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.
CRM has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price on the stock in a research report on Monday, May 15th. Drexel Hamilton reaffirmed a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research report on Monday, May 15th. Benchmark Co. upped their target price on shares of Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Salesforce.com from a “sell” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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.
Receive News & Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.
