Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction on Monday, October 21st. The shares were sold at an average price of $144.43, for a total value of $722,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, October 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $144.17, for a total value of $720,850.00.
  • On Wednesday, October 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $147.10, for a total value of $735,500.00.
  • On Monday, October 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.52, for a total value of $747,600.00.
  • On Friday, October 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.90, for a total value of $749,500.00.
  • On Wednesday, October 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $147.19, for a total value of $735,950.00.
  • On Monday, October 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $148.52, for a total value of $742,600.00.
  • On Friday, October 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $147.68, for a total value of $738,400.00.
  • On Wednesday, October 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $144.28, for a total value of $721,400.00.
  • On Monday, September 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $148.37, for a total value of $741,850.00.
  • On Friday, September 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.38, for a total value of $746,900.00.

Shares of NYSE:CRM traded up $0.46 during trading on Monday, hitting $144.55. The company’s stock had a trading volume of 3,375,942 shares, compared to its average volume of 5,814,701. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The stock’s 50-day moving average price is $150.16 and its two-hundred day moving average price is $153.55. The company has a market capitalization of $128.19 billion, a PE ratio of 99.69, a PEG ratio of 6.26 and a beta of 1.23.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

A number of research firms have issued reports on CRM. FBN Securities set a $200.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Canaccord Genuity boosted their price target on salesforce.com from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. They noted that the move was a valuation call. SunTrust Banks set a $189.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Wednesday, August 21st. Northland Securities set a $185.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley boosted their price target on salesforce.com from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $184.31.

Several large investors have recently added to or reduced their stakes in the stock. Allred Capital Management LLC raised its stake in salesforce.com by 1.6% during the second quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock valued at $692,000 after buying an additional 71 shares in the last quarter. Clear Perspective Advisors LLC grew its holdings in shares of salesforce.com by 4.6% during the second quarter. Clear Perspective Advisors LLC now owns 1,646 shares of the CRM provider’s stock valued at $250,000 after purchasing an additional 72 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of salesforce.com by 9.1% during the second quarter. Parkside Financial Bank & Trust now owns 890 shares of the CRM provider’s stock valued at $135,000 after purchasing an additional 74 shares during the last quarter. Abbrea Capital LLC grew its holdings in shares of salesforce.com by 3.4% during the second quarter. Abbrea Capital LLC now owns 2,405 shares of the CRM provider’s stock valued at $365,000 after purchasing an additional 80 shares during the last quarter. Finally, Lourd Capital LLC grew its holdings in shares of salesforce.com by 4.1% during the second quarter. Lourd Capital LLC now owns 2,084 shares of the CRM provider’s stock valued at $316,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

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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