salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $70.44, for a total transaction of $880,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marc Benioff also recently made the following trade(s):

  • On Tuesday, January 26th, Marc Benioff sold 12,500 shares of salesforce.com, inc. stock. The stock was sold at an average price of $69.78, for a total transaction of $872,250.00.
  • On Wednesday, January 27th, Marc Benioff sold 37,500 shares of salesforce.com, inc. stock. The stock was sold at an average price of $69.56, for a total transaction of $2,608,500.00.
  • On Friday, January 22nd, Marc Benioff sold 25,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $70.51, for a total transaction of $1,762,750.00.
  • On Wednesday, January 20th, Marc Benioff sold 12,500 shares of salesforce.com, inc. stock. The stock was sold at an average price of $68.81, for a total transaction of $860,125.00.
  • On Tuesday, January 19th, Marc Benioff sold 12,500 shares of salesforce.com, inc. stock. The stock was sold at an average price of $71.18, for a total transaction of $889,750.00.
  • On Friday, January 15th, Marc Benioff sold 25,000 shares of salesforce.com, inc. stock. The stock was sold at an average price of $71.39, for a total transaction of $1,784,750.00.
  • On Wednesday, January 13th, Marc Benioff sold 12,500 shares of salesforce.com, inc. stock. The stock was sold at an average price of $73.74, for a total transaction of $921,750.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 3.49% on Wednesday, reaching $67.43. The company’s stock had a trading volume of 5,487,294 shares. The stock has a 50-day moving average price of $75.21 and a 200-day moving average price of $74.45. salesforce.com, inc. has a 1-year low of $55.45 and a 1-year high of $82.90. The company’s market capitalization is $44.77 billion.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings results on Wednesday, November 18th. The CRM provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. salesforce.com, inc.’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, equities research analysts forecast that salesforce.com, inc. will post $0.75 EPS for the current year.

A number of research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of salesforce.com, inc. from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 11th. Vetr downgraded shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $80.34 price objective on the stock. in a research report on Thursday, October 1st. Zacks Investment Research raised shares of salesforce.com, inc. from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 15th. Barclays reaffirmed an “overweight” rating and issued a $90.00 target price on shares of salesforce.com, inc. in a research report on Tuesday, December 8th. Finally, Susquehanna upped their target price on shares of salesforce.com, inc. from $92.00 to $96.00 and gave the stock a “positive” rating in a research report on Wednesday, December 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. salesforce.com, inc. presently has a consensus rating of “Buy” and a consensus target price of $87.49.

A number of large investors recently modified their holdings of the company. Mackay Shields increased its stake in shares of salesforce.com, inc. by 0.9% in the fourth quarter. Mackay Shields now owns 23,230,000 shares of the CRM provider’s stock valued at $29,926,000 after buying an additional 217,000 shares during the period. Jennison Associates increased its position in salesforce.com, inc. by 3.7% in the third quarter. Jennison Associates now owns 19,768,305 shares of the CRM provider’s stock worth $1,372,513,000 after buying an additional 709,394 shares during the last quarter. Chevy Chase Trust Holdings increased its position in salesforce.com, inc. by 1.2% in the fourth quarter. Chevy Chase Trust Holdings now owns 516,415 shares of the CRM provider’s stock worth $40,487,000 after buying an additional 6,324 shares during the last quarter. Windward Capital Management Company increased its position in salesforce.com, inc. by 32.3% in the fourth quarter. Windward Capital Management Company now owns 265,946 shares of the CRM provider’s stock worth $20,850,000 after buying an additional 64,905 shares during the last quarter. Finally, DNB Asset Management increased its position in salesforce.com, inc. by 11.8% in the fourth quarter. DNB Asset Management now owns 246,516 shares of the CRM provider’s stock worth $19,326,854 after buying an additional 26,100 shares during the last quarter.

salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (NYSE:CRM). The Company offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications. The Company offers consulting, deployment, training, implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices, on a subscription basis, primarily through its direct sales efforts and indirectly through partners.

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