salesforce.com, inc. (CRM) Chairman Sells $675,550.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $135.11, for a total value of $675,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, November 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.89, for a total value of $689,450.00.
  • On Wednesday, October 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.17, for a total value of $685,850.00.
  • On Monday, October 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.38, for a total value of $676,900.00.
  • On Friday, October 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $137.62, for a total value of $1,376,200.00.
  • On Wednesday, October 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.57, for a total value of $687,850.00.
  • On Monday, October 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.11, for a total value of $1,421,100.00.
  • On Wednesday, October 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $146.67, for a total value of $733,350.00.
  • On Monday, October 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were 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 shares were 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 shares were sold at an average price of $151.22, for a total value of $2,268,300.00.

Shares of CRM stock opened at $133.95 on Wednesday. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19. The stock has a market cap of $103.51 billion, a P/E ratio of 297.67, a P/E/G ratio of 4.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, equities analysts anticipate that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Allen Investment Management LLC boosted its position in salesforce.com by 35.9% during the third quarter. Allen Investment Management LLC now owns 18,240 shares of the CRM provider’s stock valued at $2,901,000 after purchasing an additional 4,818 shares in the last quarter. Advisor Partners LLC boosted its position in salesforce.com by 8.6% during the third quarter. Advisor Partners LLC now owns 11,660 shares of the CRM provider’s stock valued at $1,854,000 after purchasing an additional 920 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in salesforce.com by 19.5% during the third quarter. Motley Fool Asset Management LLC now owns 9,443 shares of the CRM provider’s stock valued at $1,502,000 after purchasing an additional 1,540 shares in the last quarter. Bessemer Group Inc. boosted its position in salesforce.com by 1.0% during the third quarter. Bessemer Group Inc. now owns 1,280,582 shares of the CRM provider’s stock valued at $203,651,000 after purchasing an additional 12,589 shares in the last quarter. Finally, Trust Co. of Toledo NA OH boosted its position in salesforce.com by 37.0% during the third quarter. Trust Co. of Toledo NA OH now owns 11,747 shares of the CRM provider’s stock valued at $1,868,000 after purchasing an additional 3,170 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Several brokerages have commented on CRM. TheStreet downgraded salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Nomura began coverage on salesforce.com in a research report on Monday, October 29th. They issued a “buy” rating and a $181.00 price objective on the stock. BMO Capital Markets upped their price objective on salesforce.com from $165.00 to $174.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research report on Tuesday, October 2nd. Finally, Robert W. Baird upped their price objective on salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Six analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. salesforce.com has a consensus rating of “Buy” and a consensus target price of $165.25.

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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.

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