Insider Selling: Salesforce.com (NYSE:CRM) Chairman Sells 5,000 Shares of Stock

Salesforce.com (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $127.67, for a total value of $638,350.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, April 5th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.65, for a total value of $598,250.00.
  • On Tuesday, April 3rd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $115.40, for a total value of $1,154,000.00.
  • On Wednesday, March 28th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $113.21, for a total value of $566,050.00.
  • On Monday, March 26th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $117.35, for a total value of $586,750.00.
  • On Friday, March 23rd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $116.21, for a total value of $581,050.00.
  • On Wednesday, March 21st, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.36, for a total value of $611,800.00.
  • On Friday, March 16th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $126.48, for a total value of $632,400.00.
  • On Monday, March 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $125.63, for a total value of $1,256,300.00.
  • On Friday, March 9th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $127.01, for a total value of $635,050.00.
  • On Monday, March 12th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $127.18, for a total value of $1,271,800.00.

Shares of NYSE:CRM traded down $2.94 during trading on Friday, reaching $116.10. The company had a trading volume of 5,384,291 shares, compared to its average volume of 7,101,740. The firm has a market cap of $85,982.60, a P/E ratio of 258.00, a PEG ratio of 5.07 and a beta of 1.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. Salesforce.com has a fifty-two week low of $83.00 and a fifty-two week high of $128.87.

Salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. research analysts forecast that Salesforce.com will post 0.97 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $135.00 target price on shares of Salesforce.com in a research report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Salesforce.com in a research report on Thursday. ValuEngine raised Salesforce.com from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Barclays lifted their target price on Salesforce.com from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 21st. Finally, UBS set a $144.00 price objective on Salesforce.com and gave the company a “buy” rating in a research note on Wednesday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $124.28.

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after purchasing an additional 762 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Salesforce.com in the fourth quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new position in shares of Salesforce.com in the fourth quarter valued at approximately $125,000. Icon Wealth Partners LLC acquired a new position in shares of Salesforce.com in the fourth quarter valued at approximately $131,000. Finally, Truewealth LLC acquired a new position in shares of Salesforce.com in the fourth quarter valued at approximately $133,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

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About Salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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