Salesforce.com, inc. CEO Marc Benioff Sells another 60,000 Shares of Stock (CRM), totaling 320,000 Shares Sold in 6 transactions over 6 consecutive weeks.

Salesforce.com CEO Marc Benioff has sold another 60,000 last week making that 6 consecutive weeks of selling CRM stock and now a total of 320,000 shares....and we're not sure of the last time we've seen a CEO sell shares for 6 consecutive weeks.   Click here to see the previous report and history of this sell off run.  As Mr. Benioff is worth $3 Billion it's not a lot of money for him....but the interest level is driven by the "optics" of what many consider to be the most overvalued stock there is (click to read why).  (Salesforce.com's valuation is debated extensively - and to many insider selling matters).  On that note this news below... 

Minday Fischer for InterCooler.comwrites: salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff unloaded 60,000 shares of salesforce.com, inc. stock on the open market in a transaction dated Friday, October 3rd. The stock was sold at an average price of $57.25, for a total transaction of $3,435,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on CRM shares. Analysts at Sterne Agee initiated coverage on shares of salesforce.com, inc. in a research note on Thursday. They set a “buy” rating and a $70.00 price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of salesforce.com, inc. in a research note on Thursday. They set a “buy” rating and a $74.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of salesforce.com, inc. from a “positive” rating to a “neutral” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. salesforce.com, inc. currently has an average rating of “Buy” and a consensus target price of $68.00.

salesforce.com, inc. (NYSE:CRM) opened at 58.46 on Monday. salesforce.com, inc. has a 52 week low of $48.18 and a 52 week high of $67.00. The stock has a 50-day moving average of $57.9 and a 200-day moving average of $55.36. The company’s market cap is $36.187 billion.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. On average, analysts predict that salesforce.com, inc. will post $0.52 earnings per share for the current fiscal year.

salesforce.com, inc. is a provider of enterprise cloud computing and social enterprisesolutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.