Today, 25,000 Shares of Salesforce.com Inc. (CRM) Stock are sold by Marc Benioff

Today, 25,000 Shares of Salesforce.com Inc. (CRM) Stock are sold by Marc Benioff

Salesforce.com Inc. (NYSE:CRM) Chairman Marc Benioff sold 25,000 shares of Salesforce.com stock in a transaction on Monday, November 28th. The shares were sold at an average price of $73.37, for a total transaction of $1,834,250.00. Following the sale, the chairman now directly owns 34,595,500 shares of the company’s stock, valued at approximately $2,538,271,835. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Marc Benioff also recently made the following trade(s): On Wednesday, November 23rd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.05, for a total transaction of $925,625.00. On Tuesday, November 22nd, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.74, for a total transaction of $946,750.00. On Monday, November 21st, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.49, for a total transaction of $956,125.00. On Friday, November 18th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $78.07, for a total transaction of $975,875.00. On Thursday, November 17th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $74.66, for a total transaction of $933,250.00. On Wednesday, November 16th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total transaction of $921,000.00. On Tuesday, November 15th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.68, for a total transaction of $1,842,000.00. On Friday, November 11th, Marc Benioff sold 25,000 shares of Salesforce.com stock. The shares were sold at an average price of $74.28, for a total transaction of $1,857,000.00. On Wednesday, November 9th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $75.61, for a total transaction of $945,125.00. On Tuesday, November 8th, Marc Benioff sold 12,500 shares of Salesforce.com stock. The shares were sold at an average price of $76.56, for a total transaction of $957,000.00.

Shares of Salesforce.com Inc. (NYSE:CRM) traded down 1.09% during trading on Monday, hitting $72.93. 6,436,934 shares of the stock traded hands. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The stock has a market cap of $50.36 billion, a price-to-earnings ratio of 247.22 and a beta of 1.55. The stock has a 50 day moving average price of $74.32 and a 200-day moving average price of $77.55.

Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The company earned $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. Salesforce.com’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Equities analysts forecast that Salesforce.com Inc. will post $0.98 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Salesforce.com by 0.5% in the second quarter. Brighton Jones LLC now owns 4,270 shares of the CRM provider’s stock valued at $339,000 after buying an additional 22 shares during the last quarter. Hollencrest Securities LLC increased its stake in Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock valued at $256,000 after buying an additional 29 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Salesforce.com by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,552 shares of the CRM provider’s stock valued at $282,000 after buying an additional 35 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock valued at $1,014,000 after buying an additional 38 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.

CRM has been the topic of several recent analyst reports. JMP Securities reiterated a “buy” rating on shares of Salesforce.com in a report on Tuesday, October 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $95.00 target price on shares of Salesforce.com in a report on Wednesday, October 12th. Vetr downgraded shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $70.42 target price on the stock. in a report on Thursday, August 25th. Barclays PLC restated an “overweight” rating and issued a $89.00 price target on shares of Salesforce.com in a research report on Sunday, October 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $80.00 price target on shares of Salesforce.com in a research report on Thursday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $92.05.

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