The 12,500 Shares of Salesforce.com Inc. (CRM) Stock are sold by Marc Benioff

The 12,500 Shares of Salesforce.com Inc. (CRM) Stock are sold by Marc Benioff

Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 12,500 shares of Salesforce.com stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $72.32, for a total transaction of $904,000.00. Following the completion of the sale, the chairman now owns 34,965,280 shares of the company’s stock, valued at approximately $2,528,689,049.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Marc Benioff also recently made the following trade(s): On Monday, October 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.10, for a total transaction of $913,750.00. On Thursday, October 13th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $70.87, for a total transaction of $885,875.00. On Wednesday, October 12th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $72.33, for a total transaction of $904,125.00. On Tuesday, October 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.75, for a total transaction of $1,843,750.00. On Friday, October 7th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $70.96, for a total transaction of $887,000.00. On Thursday, October 6th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $71.17, for a total transaction of $889,625.00. On Wednesday, October 5th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $67.76, for a total transaction of $847,000.00. On Tuesday, October 4th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $70.90, for a total transaction of $1,772,500.00. On Friday, September 30th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $71.53, for a total transaction of $1,788,250.00. On Wednesday, September 28th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $71.04, for a total transaction of $888,000.00.

Salesforce.com Inc. (NYSE:CRM) opened at 72.83 on Tuesday. The stock has a 50 day moving average of $73.40 and a 200-day moving average of $77.74. The company has a market capitalization of $49.89 billion, a P/E ratio of 224.78 and a beta of 1.59. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48.

Salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The business earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.19 EPS. Salesforce.com’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Salesforce.com Inc. will post $0.95 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock worth $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. acquired a new stake in Salesforce.com during the second quarter worth about $119,000. Ropes Wealth Advisors LLC boosted its stake in Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock worth $143,000 after buying an additional 1,009 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock worth $149,000 after buying an additional 44 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock worth $154,000 after buying an additional 1,071 shares during the last quarter. 87.03% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on CRM shares. Cowen and Company started coverage on shares of Salesforce.com in a research report on Friday, June 24th. They issued an “outperform” rating and a $79.39 price target for the company. Brean Capital reissued a “buy” rating and issued a $110.00 price target on shares of Salesforce.com in a research report on Saturday, June 25th. JMP Securities reissued an “outperform” rating and issued a $92.00 price target on shares of Salesforce.com in a research report on Sunday, June 26th. Credit Suisse Group AG reissued a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Finally, Morgan Stanley reissued a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.23.

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