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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $128.13, for a total value of $640,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, May 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $126.82, for a total value of $634,100.00.
  • On Wednesday, May 23rd, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $126.35, for a total value of $1,895,250.00.
  • On Friday, May 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $126.96, for a total value of $1,269,600.00.
  • On Monday, May 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $128.73, for a total value of $643,650.00.
  • On Wednesday, May 16th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $128.31, for a total value of $1,924,650.00.
  • On Friday, May 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $130.28, for a total value of $1,302,800.00.
  • On Monday, May 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $126.83, for a total value of $634,150.00.
  • On Wednesday, May 9th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $127.97, for a total value of $1,919,550.00.
  • On Friday, May 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $124.89, for a total value of $624,450.00.
  • On Wednesday, May 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $122.86, for a total value of $614,300.00.

Shares of salesforce.com stock traded down $0.78 during trading hours on Friday, reaching $127.96. 4,029,225 shares of the company’s stock were exchanged, compared to its average volume of 3,999,860. salesforce.com, inc. has a 52-week low of $83.55 and a 52-week high of $131.00. The firm has a market cap of $94.14 billion, a PE ratio of 284.36, a P/E/G ratio of 5.44 and a beta of 1.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.



salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. equities research analysts anticipate that salesforce.com, inc. will post 0.98 EPS for the current year.

CRM has been the topic of several recent research reports. TheStreet upgraded salesforce.com from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Jefferies Group upgraded salesforce.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $97.00 to $84.00 in a research report on Thursday, February 15th. Vetr upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 target price on the stock in a research report on Monday, February 12th. UBS set a $135.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Cleveland Research began coverage on salesforce.com in a research report on Wednesday, January 31st. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.83.

Several institutional investors have recently modified their holdings of the business. TIAA CREF Investment Management LLC lifted its stake in shares of salesforce.com by 7.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock worth $1,008,573,000 after purchasing an additional 645,099 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of salesforce.com by 3.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,572,224 shares of the CRM provider’s stock worth $764,350,000 after purchasing an additional 226,056 shares during the period. Baillie Gifford & Co. lifted its stake in shares of salesforce.com by 4.9% during the 1st quarter. Baillie Gifford & Co. now owns 6,046,347 shares of the CRM provider’s stock worth $703,190,000 after purchasing an additional 280,110 shares during the period. Brown Advisory Inc. lifted its stake in shares of salesforce.com by 2.4% during the 4th quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock worth $486,216,000 after purchasing an additional 112,839 shares during the period. Finally, Tybourne Capital Management HK Ltd. lifted its stake in shares of salesforce.com by 27.8% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after purchasing an additional 945,000 shares during the period. 85.07% of the stock is currently owned by institutional investors.

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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