Insider Selling: salesforce.com, inc. (CRM) Chairman Sells $2,356,500.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $157.10, for a total value of $2,356,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, February 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.84, for a total value of $1,558,400.00.
  • On Thursday, January 31st, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $148.46, for a total value of $2,226,900.00.
  • On Monday, January 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $148.21, for a total value of $1,482,100.00.
  • On Thursday, January 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $148.56, for a total value of $1,485,600.00.
  • On Tuesday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.47, for a total value of $747,350.00.
  • On Friday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $152.15, for a total value of $760,750.00.
  • On Monday, January 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $145.90, for a total value of $729,500.00.
  • On Wednesday, January 16th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $147.78, for a total value of $2,216,700.00.
  • On Friday, January 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $147.23, for a total value of $736,150.00.
  • On Monday, January 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $141.91, for a total value of $709,550.00.

Shares of NYSE:CRM opened at $156.67 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. salesforce.com, inc. has a twelve month low of $102.37 and a twelve month high of $161.19. The company has a market cap of $118.52 billion, a PE ratio of 348.16, a PEG ratio of 5.02 and a beta of 1.37.



salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. salesforce.com’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts predict that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after buying an additional 3,066,099 shares in the last quarter. Vanguard Group Inc. grew its holdings in salesforce.com by 4.6% during the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after buying an additional 2,398,648 shares in the last quarter. Vanguard Group Inc grew its holdings in salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after buying an additional 2,398,648 shares in the last quarter. BlackRock Inc. grew its holdings in salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after buying an additional 4,321,630 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock worth $159,000 after buying an additional 21,642,889 shares in the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.

Several equities analysts have issued reports on CRM shares. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research note on Monday, November 12th. TheStreet raised salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Stephens started coverage on salesforce.com in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price target on the stock. Atlantic Securities started coverage on salesforce.com in a research note on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price target on the stock. Finally, Nomura started coverage on salesforce.com in a research note on Monday, October 29th. They issued a “buy” rating and a $181.00 price target on the stock. Three investment 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 company. The stock has a consensus rating of “Buy” and an average target price of $170.38.

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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.

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

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