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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $147.23, for a total value of $736,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, January 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $141.91, for a total value of $709,550.00.
  • On Friday, January 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.06, for a total value of $685,300.00.
  • On Saturday, December 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $134.96, for a total value of $674,800.00.
  • On Wednesday, January 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $135.10, for a total value of $1,351,000.00.
  • On Monday, December 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $122.58, for a total value of $612,900.00.
  • On Thursday, December 27th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $126.27, for a total value of $1,894,050.00.
  • On Friday, December 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $125.23, for a total value of $626,150.00.
  • On Wednesday, December 19th, Marc Benioff sold 157,472 shares of salesforce.com stock. The shares were sold at an average price of $133.21, for a total value of $20,976,845.12.
  • On Thursday, December 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $141.36, for a total value of $1,413,600.00.
  • On Tuesday, December 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $137.23, for a total value of $1,372,300.00.

CRM opened at $147.55 on Friday. The company has a market capitalization of $111.68 billion, a price-to-earnings ratio of 327.89, a PEG ratio of 4.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. salesforce.com, inc. has a 1-year low of $102.37 and a 1-year high of $161.19.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, analysts predict that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CRM. FMR LLC lifted its position in shares of salesforce.com by 3.5% during the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after acquiring an additional 3,066,099 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after acquiring an additional 2,398,648 shares during the last quarter. Vanguard Group Inc lifted its position in shares of salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after acquiring an additional 2,398,648 shares during the last quarter. BlackRock Inc. lifted its position in shares of salesforce.com by 5.1% during the 3rd quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock valued at $7,466,224,000 after acquiring an additional 2,292,873 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of salesforce.com by 7,692.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after acquiring an additional 919,056 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Several equities analysts have recently commented on the company. Goldman Sachs Group reaffirmed a “buy” rating and set a $168.00 target price on shares of salesforce.com in a report on Wednesday, November 28th. Sanford C. Bernstein reiterated a “neutral” rating and set a $149.00 price objective on shares of salesforce.com in a research report on Wednesday, November 28th. Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of salesforce.com in a research report on Wednesday, September 26th. Cowen boosted their price objective on salesforce.com from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. Finally, Piper Jaffray Companies boosted their price objective on salesforce.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, September 28th. Three investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus target price of $170.05.

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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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