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Money Founder Sells 20, 000 Shares

 Company revenue reached $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion.

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Marc Benioff / Getty, inc. (NYSE:CRM) CEO Marc Benioff, named one of the Smartest 50 People in Tech by Fortune, last Thursday sold 20, 000 shares of his company’s stock, at an average price of $58.48, for a total transaction of $1, 169, 600.00, as disclosed in a legal filing with the Securities & Exchange Commission, Watchlist News reported.

Several analysts have commented on the shares of this global cloud computing company headquartered in San Francisco, California, with analysts at Morgan Stanley maintaining their “positive” rating, at Credit Suisse maintaining their “outperform” rating, and at Pivotal Research maintaining their “buy” rating. However, one research analyst rated the stock with a sell rating, five assigned a hold rating, 27 gave a “buy, ” and two with a “strong buy.”

The stock opened at 58.76 on Monday. Over the past 52-weeks, its low stood at $37.94 and its high at $67.00., inc. posted its quarterly earnings results in May,  reporting $0.11 EPS for the quarter–compared with last year’s $0.10–with revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion.

Marc Benioff, who was raised in a Jewish family in the San Francisco metropolitan area, pioneered the 1/1/1 integrated philanthropic model, later adopted by Google, by which companies contribute 1 percent of profits, 1 percent of equity, and 1 percent of employee hours back to the communities it serves.



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