salesforce.com, inc. (CRM) Chairman Sells $733,350.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $146.67, for a total value of $733,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, October 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $143.32, for a total value of $716,600.00.
  • On Friday, October 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $142.75, for a total value of $1,427,500.00.
  • On Tuesday, October 9th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $151.22, for a total value of $2,268,300.00.
  • On Wednesday, October 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.06, for a total value of $795,300.00.
  • On Friday, September 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.55, for a total value of $797,750.00.
  • On Monday, October 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.63, for a total value of $1,596,300.00.
  • On Wednesday, September 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.75, for a total value of $793,750.00.
  • On Monday, September 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.68, for a total value of $788,400.00.
  • On Friday, September 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $156.22, for a total value of $781,100.00.
  • On Wednesday, September 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $153.57, for a total value of $767,850.00.

CRM opened at $140.49 on Friday. The company has a market capitalization of $111.24 billion, a price-to-earnings ratio of 312.20, a price-to-earnings-growth ratio of 4.83 and a beta of 1.27. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. salesforce.com, inc. has a 12-month low of $97.33 and a 12-month high of $161.19.

salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.24. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Research analysts expect that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

CRM has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on salesforce.com from $147.00 to $152.00 and gave the stock a “market perform” rating in a research note on Thursday, June 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of salesforce.com in a research note on Thursday, June 28th. JMP Securities raised their price target on salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 10th. Robert W. Baird raised their price target on salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 11th. Finally, Oppenheimer raised their price target on salesforce.com from $152.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 11th. Six investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $164.85.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in salesforce.com by 3.5% in the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after buying an additional 3,066,099 shares during the last quarter. BlackRock Inc. grew its holdings in salesforce.com by 5.2% in the 2nd quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after buying an additional 2,212,408 shares during the last quarter. Morgan Stanley grew its holdings in salesforce.com by 1.5% in the 2nd quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock valued at $1,977,256,000 after buying an additional 214,578 shares during the last quarter. Northern Trust Corp grew its holdings in salesforce.com by 1.0% in the 2nd quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock valued at $1,353,597,000 after buying an additional 98,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in salesforce.com by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock valued at $1,027,545,000 after buying an additional 961,104 shares during the last quarter. 82.86% of the stock is currently owned by hedge funds and other institutional investors.

salesforce.com Company Profile

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.

Featured Story: What is the Ex-Dividend Date in Investing?

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply