Salesforce.Com Chair trades $12.87million
The CEO of Salesforce traded in nearly $13million of the company’s stock, it has been revealed.
Marc Benioff, who is also Chair of the Board at Salesforce, made a large buy and sell of company shares on September 9.
A new SEC filing from the U.S. Securities and Exchange Commission showed Benioff purchased 40,000 Salesforce.Com shares at a price of $59.34 per share for a total of $2,373,600 last week.
The shares were then sold on multiple transactions in the open market at prices ranging from $261.03 to $263.99 to raise a total of $10,493,283 from the stock sale.
Benioff is said to own a total of 28,986,249 of Salesforce.Com worth, $7,500,264,394.
Salesforce.Com shares are trading down 0.76% at $258.75 on Friday.
The news comes after Salesforce and its subsidiary Slack announced new integrations, with the CRM leader saying the enterprise communication platform would serve as a single source of truth for businesses.
Salesforce acquired Slack in a $27.7bn deal last month, saying that the acquisition enabled the creation of a combined offering which connects people across the Salesforce platform in a single interface. Slack is duly becoming the interface for Salesforce Customer 360, with every Salesforce cloud and industry solution integrated with Slack.
“Salesforce and Slack are creating the digital HQ to help every company adapt and get back to growth in this digital-first, work anywhere world,” said Bret Taylor, President and Chief Operating Officer of Salesforce.
“This is just the beginning for the Slack-First Customer 360 – which will fundamentally reshape how work gets done by connecting employees, customers and partners and the apps they use on a single platform.”