Salesforce.com (CRM) Chairman Sells $598,100.00 in Stock

Salesforce.com (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of Salesforce.com stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $119.62, for a total value of $598,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, April 13th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.50, for a total value of $597,500.00.
  • On Monday, April 9th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.30, for a total value of $591,500.00.
  • On Thursday, April 5th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.65, for a total value of $598,250.00.
  • On Tuesday, April 3rd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $115.40, for a total value of $1,154,000.00.
  • On Wednesday, March 28th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $113.21, for a total value of $566,050.00.
  • On Monday, March 26th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $117.35, for a total value of $586,750.00.
  • On Friday, March 23rd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $116.21, for a total value of $581,050.00.
  • On Wednesday, March 21st, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.36, for a total value of $611,800.00.
  • On Friday, March 16th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $126.48, for a total value of $632,400.00.
  • On Monday, March 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $125.63, for a total value of $1,256,300.00.

NYSE:CRM opened at $119.01 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $87,687.23, a P/E ratio of 269.78, a PEG ratio of 5.17 and a beta of 1.23. Salesforce.com has a 12 month low of $83.00 and a 12 month high of $128.87.



Salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. equities research analysts anticipate that Salesforce.com will post 0.97 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Sandy Spring Bank lifted its position in shares of Salesforce.com by 1.7% in the fourth quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock worth $2,799,000 after buying an additional 470 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Salesforce.com by 17.5% in the fourth quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock worth $334,000 after buying an additional 485 shares in the last quarter. BB&T Corp raised its position in Salesforce.com by 2.6% during the fourth quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock valued at $2,121,000 after purchasing an additional 533 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in Salesforce.com by 23.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider’s stock valued at $289,000 after purchasing an additional 540 shares during the period. Finally, Itau Unibanco Holding S.A. raised its position in Salesforce.com by 66.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,505 shares of the CRM provider’s stock valued at $154,000 after purchasing an additional 601 shares during the period. Institutional investors own 86.69% of the company’s stock.

Several research firms have issued reports on CRM. SunTrust Banks boosted their price target on Salesforce.com to $133.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Wedbush reissued an “outperform” rating and set a $140.00 price target on shares of Salesforce.com in a report on Thursday, April 5th. Jefferies Group raised Salesforce.com from a “hold” rating to a “buy” rating and cut their price target for the company from $97.00 to $84.00 in a report on Thursday, February 15th. Citigroup boosted their price target on Salesforce.com from $124.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Canaccord Genuity boosted their price target on Salesforce.com from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $124.85.

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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.

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

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