Insider Selling: salesforce.com, inc. (NYSE:CRM) Chairman Sells 10,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $157.01, for a total transaction of $1,570,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, July 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.85, for a total transaction of $769,250.00.
  • On Monday, July 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $153.26, for a total transaction of $1,532,600.00.
  • On Wednesday, July 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.94, for a total transaction of $774,700.00.
  • On Monday, July 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.87, for a total transaction of $1,518,700.00.
  • On Thursday, June 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $149.73, for a total transaction of $1,497,300.00.
  • On Friday, June 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.05, for a total transaction of $785,250.00.
  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.44, for a total transaction of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.83, for a total transaction of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $150.49, for a total transaction of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.14, for a total transaction of $1,511,400.00.

CRM traded up $2.63 on Thursday, reaching $158.90. 6,882,143 shares of the company’s stock were exchanged, compared to its average volume of 5,713,505. The firm has a market capitalization of $119.95 billion, a PE ratio of 109.59, a PEG ratio of 5.72 and a beta of 1.29. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The business has a fifty day moving average price of $153.58. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. salesforce.com’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Analysts expect that salesforce.com, inc. will post 1.25 EPS for the current year.

CRM has been the subject of a number of recent analyst reports. Wedbush set a $12.00 price objective on shares of GameStop and gave the company a “buy” rating in a report on Friday, May 31st. SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Tripadvisor in a report on Tuesday, June 11th. OTR Global cut shares of salesforce.com to a “positive” rating in a report on Wednesday, May 15th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Barclays reaffirmed a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $179.97.

A number of institutional investors and hedge funds have recently bought and sold shares of CRM. FMR LLC boosted its holdings in salesforce.com by 0.8% in the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock valued at $14,208,366,000 after purchasing an additional 698,321 shares during the last quarter. BlackRock Inc. boosted its holdings in salesforce.com by 4.7% in the 1st quarter. BlackRock Inc. now owns 53,665,349 shares of the CRM provider’s stock valued at $8,498,982,000 after purchasing an additional 2,395,193 shares during the last quarter. Jennison Associates LLC boosted its holdings in salesforce.com by 1.2% in the 1st quarter. Jennison Associates LLC now owns 19,902,070 shares of the CRM provider’s stock valued at $3,151,891,000 after purchasing an additional 230,376 shares during the last quarter. Northern Trust Corp boosted its holdings in salesforce.com by 1.3% in the 1st quarter. Northern Trust Corp now owns 10,683,259 shares of the CRM provider’s stock valued at $1,691,907,000 after purchasing an additional 140,368 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in salesforce.com by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 8,972,048 shares of the CRM provider’s stock valued at $1,226,559,000 after purchasing an additional 625,285 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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.

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