salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff Sells 5,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $108.60, for a total value of $543,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, January 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.62, for a total value of $568,100.00.
  • On Friday, January 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $113.37, for a total value of $566,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $113.09, for a total value of $565,450.00.
  • On Monday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $112.36, for a total value of $561,800.00.
  • On Thursday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.36, for a total value of $556,800.00.
  • On Tuesday, January 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $109.99, for a total value of $549,950.00.
  • On Friday, January 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $109.96, for a total value of $549,800.00.
  • On Wednesday, January 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $108.70, for a total value of $543,500.00.
  • On Thursday, January 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $106.64, for a total value of $533,200.00.
  • On Tuesday, January 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $103.97, for a total value of $519,850.00.

salesforce.com, inc. (NYSE:CRM) traded up $2.03 during mid-day trading on Wednesday, reaching $114.26. 1,265,772 shares of the company’s stock were exchanged, compared to its average volume of 3,762,311. The firm has a market cap of $82,440.00, a P/E ratio of 11,427.25, a price-to-earnings-growth ratio of 10.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. salesforce.com, inc. has a 12 month low of $77.45 and a 12 month high of $114.41.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. analysts anticipate that salesforce.com, inc. will post 0.43 earnings per share for the current year.

CRM has been the topic of several recent analyst reports. Cowen reiterated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of salesforce.com in a research note on Tuesday, October 3rd. JMP Securities raised salesforce.com to a “positive” rating in a research report on Friday, October 6th. Vetr downgraded salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target on the stock. in a research report on Wednesday, October 11th. Royal Bank of Canada reissued a “buy” rating and set a $109.00 price objective on shares of salesforce.com in a report on Friday, October 20th. Finally, Jefferies Group reissued a “hold” rating and set a $84.00 price objective on shares of salesforce.com in a report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $112.86.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in salesforce.com by 196.4% during the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares during the last quarter. Lyell Wealth Management LP grew its position in salesforce.com by 2.4% in the 4th quarter. Lyell Wealth Management LP now owns 36,180 shares of the CRM provider’s stock valued at $3,699,000 after buying an additional 840 shares in the last quarter. LMR Partners LLP bought a new position in salesforce.com in the 4th quarter valued at about $2,245,000. Fiduciary Trust Co. bought a new position in salesforce.com in the 4th quarter valued at about $449,000. Finally, TIAA FSB bought a new position in salesforce.com in the 4th quarter valued at about $4,705,000. Institutional investors own 85.60% of the company’s stock.

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salesforce.com Company Profile

Salesforce.com, Inc 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 Company’s service offerings are configured and integrated with other platforms and enterprise applications.

Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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