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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $110.74, for a total transaction of $553,700.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Wednesday, February 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $108.21, for a total transaction of $541,050.00.
  • On Monday, February 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $108.20, for a total transaction of $541,000.00.
  • On Friday, February 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $105.36, for a total transaction of $526,800.00.
  • On Friday, February 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.45, for a total transaction of $557,250.00.
  • On Monday, February 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $110.71, for a total transaction of $1,107,100.00.
  • On Wednesday, January 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.93, for a total transaction of $569,650.00.
  • 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 transaction of $568,100.00.
  • On Friday, January 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.37, for a total transaction of $566,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.09, for a total transaction of $565,450.00.
  • On Monday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $112.36, for a total transaction of $561,800.00.

salesforce.com, inc. (NYSE CRM) traded up $1.33 during trading hours on Wednesday, hitting $109.02. 7,424,023 shares of the company traded hands, compared to its average volume of 4,460,000. salesforce.com, inc. has a twelve month low of $80.25 and a twelve month high of $114.52. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $78,750.00, a PE ratio of 10,902.00, a PEG ratio of 6.01 and a beta of 1.32.

salesforce.com (NYSE:CRM) last released its 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. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. research analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in salesforce.com by 0.6% during the second quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after purchasing an additional 93 shares during the period. Linscomb & Williams Inc. boosted its position in salesforce.com by 2.5% during the second quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock worth $363,000 after purchasing an additional 104 shares during the period. National Asset Management Inc. boosted its position in salesforce.com by 6.2% during the second quarter. National Asset Management Inc. now owns 4,304 shares of the CRM provider’s stock worth $373,000 after purchasing an additional 253 shares during the period. Sandy Spring Bank boosted its position in salesforce.com by 1.7% during the fourth quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock worth $2,799,000 after purchasing an additional 470 shares during the period. Finally, King Luther Capital Management Corp boosted its position in salesforce.com by 16.3% during the third quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock worth $319,000 after purchasing an additional 479 shares during the period. 85.33% of the stock is owned by institutional investors and hedge funds.

CRM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $109.00 target price on shares of salesforce.com in a research note on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $114.00 price target on shares of salesforce.com in a research report on Friday, November 3rd. Stifel Nicolaus increased their price target on shares of salesforce.com from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BTIG Research increased their price target on shares of salesforce.com to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reiterated a “buy” rating and issued a $108.00 price target on shares of salesforce.com in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $113.62.

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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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