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

Salesforce.com Inc (NYSE:CRM) Chairman Marc Benioff sold 30,000 shares of Salesforce.com stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $89.58, for a total value of $2,687,400.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $3,063,214,974. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 value 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 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 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 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.

Salesforce.com Inc (NYSE CRM) opened at 88.29 on Friday. Salesforce.com Inc has a one year low of $66.43 and a one year high of $92.13. The company has a 50-day moving average of $89.18 and a 200-day moving average of $85.65. The company has a market cap of $62.88 billion, a price-to-earnings ratio of 467.14 and a beta of 1.29.

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 Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates 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 for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Equities research analysts expect that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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CRM has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Salesforce.com in a report on Friday, May 19th. Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 price target for the company in a report on Monday, May 15th. Drexel Hamilton reissued a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Monday, May 15th. Benchmark Co. boosted their price objective on shares of Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note 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 price objective for the company in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the stock. Salesforce.com has an average rating of “Buy” and an average target price of $97.31.

Hedge funds have recently modified their holdings of the company. KBC Group NV raised its stake in shares of Salesforce.com by 16.9% in the first quarter. KBC Group NV now owns 521,167 shares of the CRM provider’s stock valued at $42,991,000 after buying an additional 75,430 shares in the last quarter. Compton Capital Management Inc. RI purchased a new stake in shares of Salesforce.com during the first quarter valued at about $436,000. Shell Asset Management Co. raised its stake in shares of Salesforce.com by 0.7% in the first quarter. Shell Asset Management Co. now owns 72,793 shares of the CRM provider’s stock valued at $6,005,000 after buying an additional 497 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Salesforce.com by 35.1% in the first quarter. 1st Global Advisors Inc. now owns 15,029 shares of the CRM provider’s stock valued at $1,240,000 after buying an additional 3,903 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC raised its stake in shares of Salesforce.com by 1.0% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 74,979 shares of the CRM provider’s stock valued at $6,185,000 after buying an additional 725 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.

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.

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

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