There has been some selling insider activity on Salesforce.com Inc (NYSE:CRM) recently. Chairman Marc Benioff disclosed the sale of 20,000 shares of (CRM). The shares were sold on July 12th for a price of $89.33. The Chairman now owns $3,053,772,849 of the stock per the Form 4 SEC filing. Marc Benioff, Chairman reported the sale of 10,000 shares. The shares were purchased at an average price of $88.30. Benioff now owns $3,018,561,990 of the stock according to the SEC filing.
Chairman Marc Benioff let go of 10,000 shares at an average price of $88.08 on July 7th. That brings the Chairman’s holdings to $3,011,041,224 per an SEC filing yesterday.
Salesforce.com, inc., incorporated February 3, 1999, 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 Business’s service offerings are configured and integrated with other platforms and enterprise applications. The Company delivers its service offerings via Internet browsers and on mobile devices. Its Customer Success Platform is a portfolio of service offerings providing sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and its professional cloud services..
These funds have also shifted positions in (CRM). Gateway Investment Advisers LLC reduced its position by selling 179 shares a decrease of 0.1% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now holds 125,101 shares with a value of $10,834,000. The value of the position overall is up by 4.8%. Cullinan Associates Inc bolstered its investment by buying 37,450 shares an increase of 145.6% in the quarter. Cullinan Associates Inc controls 63,170 shares valued at $5,471,000. The total value of its holdings increased 210.7%.
Webster Bank, N. A. divested its ownership by shedding 940 shares a decrease of 4.0%. Webster Bank, N. A. now controls 22,564 shares worth $1,954,000. The total value of its holdings increased 0.8%. Hills Bank & Trust Co grew its holdings by buying 400 shares an increase of 4.6% as of 06/30/2017. Hills Bank & Trust Co currently owns 9,110 shares with a value of $789,000. The value of the position overall is up by 9.9%.
On November 15 the company was upgraded to “Positive” from “Mixed” by analysts at OTR Global. On October 18 analysts at Rosenblatt began coverage of CRM with an initial rating of “Buy”.
On October 4 DA Davidson kept the company rating at “Neutral” but moved up the price target from $72.00 to $80.00. September 1 investment analysts at Wunderlich made no change to the company rating of “Buy” and raised the price expectation to $101.00 from $89.00.
September 1 investment analysts at Morgan Stanley held the stock rating at “Buy” and moved down the price target to $89.00 from $110.00. September 1 investment analysts at Citigroup maintained a company rating of “Buy” but lowered the price expectation from $94.00 to $89.00.
The company is up from yesterday’s close of $88.35. Shares are trading at $90.40 a bit higher than $88.71, the 50 day moving average and just above the 200 day moving average of $82.11. The 50 day moving average went up by +1.90% and the 200 day average moved up $8.29.
Salesforce.com Inc currently has a P/E ratio of 478.31 and market cap is 64.38B. As of the latest earnings report the EPS was $0.19 and is expected to be $1.30 for the current year with 712,200,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.36 with next year’s EPS anticipated to be $1.68.