Marc Benioff Sells 10,000 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $137.62, for a total transaction of $1,376,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, October 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.38, for a total transaction of $676,900.00.
  • On Wednesday, October 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.57, for a total transaction of $687,850.00.
  • On Monday, October 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.11, for a total transaction of $1,421,100.00.
  • On Wednesday, October 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $146.67, for a total transaction of $733,350.00.
  • On Monday, October 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $143.32, for a total transaction of $716,600.00.
  • On Friday, October 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.75, for a total transaction of $1,427,500.00.
  • On Tuesday, October 9th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $151.22, for a total transaction of $2,268,300.00.
  • On Wednesday, October 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.06, for a total transaction of $795,300.00.
  • On Friday, September 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.55, for a total transaction of $797,750.00.
  • On Monday, October 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $159.63, for a total transaction of $1,596,300.00.

salesforce.com stock opened at $132.17 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 52-week low of $98.68 and a 52-week high of $161.19. The company has a market cap of $102.55 billion, a price-to-earnings ratio of 293.71, a PEG ratio of 4.46 and a beta of 1.27.



salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the business earned $0.33 EPS. The company’s revenue was up 27.3% compared to the same quarter last year. Analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current year.

A number of research analysts recently issued reports on CRM shares. Bank of America raised their price objective on shares of salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Jefferies Financial Group raised their price objective on shares of salesforce.com from $172.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Piper Jaffray Companies raised their price objective on shares of salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, September 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a report on Tuesday, October 2nd. Finally, Argus raised their price objective on shares of salesforce.com from $141.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 31st. Six analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $165.25.

A number of institutional investors have recently added to or reduced their stakes in CRM. Botty Investors LLC acquired a new stake in shares of salesforce.com during the 3rd quarter worth approximately $123,000. Resources Investment Advisors Inc. grew its position in shares of salesforce.com by 328.2% during the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after buying an additional 965 shares during the period. United Capital Management of KS Inc. acquired a new stake in shares of salesforce.com during the 3rd quarter worth approximately $193,000. Sky Investment Group LLC acquired a new stake in shares of salesforce.com during the 3rd quarter worth approximately $204,000. Finally, Empirical Finance LLC acquired a new stake in shares of salesforce.com during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 83.01% 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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