salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff Sells 10,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $140.98, for a total transaction of $1,409,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, August 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.17, for a total transaction of $1,421,700.00.
  • On Thursday, August 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.49, for a total transaction of $1,424,900.00.
  • On Monday, August 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $144.57, for a total transaction of $1,445,700.00.
  • On Thursday, August 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.60, for a total transaction of $1,556,000.00.
  • On Monday, July 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.53, for a total transaction of $1,585,300.00.
  • On Thursday, July 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.90, for a total transaction of $1,589,000.00.
  • On Monday, July 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.96, for a total transaction of $789,800.00.
  • On Friday, July 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.39, for a total transaction of $791,950.00.
  • On Wednesday, July 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.94, for a total transaction of $794,700.00.
  • On Monday, July 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.89, for a total transaction of $794,450.00.

CRM traded up $0.92 during midday trading on Friday, hitting $143.05. 66,964 shares of the company’s stock traded hands, compared to its average volume of 7,385,170. The company has a market cap of $111.65 billion, a PE ratio of 98.87, a price-to-earnings-growth ratio of 5.29 and a beta of 1.27. The stock’s fifty day simple moving average is $152.52 and its 200-day simple moving average is $156.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56.



salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. On average, research analysts expect that salesforce.com, inc. will post 1.25 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Nuveen Asset Management LLC raised its position in salesforce.com by 36,379.9% during the second quarter. Nuveen Asset Management LLC now owns 12,648,680 shares of the CRM provider’s stock valued at $1,919,183,000 after acquiring an additional 12,614,007 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of salesforce.com by 13.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after purchasing an additional 4,046,077 shares during the period. Viking Global Investors LP bought a new position in shares of salesforce.com in the second quarter valued at approximately $443,415,000. BlackRock Inc. raised its position in shares of salesforce.com by 4.7% in the second quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock valued at $8,521,967,000 after purchasing an additional 2,499,996 shares during the period. Finally, Jennison Associates LLC raised its position in shares of salesforce.com by 8.4% in the second quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock valued at $3,273,645,000 after purchasing an additional 1,673,392 shares during the period. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. Nomura restated a “buy” rating and set a $180.00 price objective on shares of salesforce.com in a research report on Tuesday. Morgan Stanley set a $178.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Monday. Barclays reiterated a “buy” rating and issued a $182.00 target price on shares of salesforce.com in a report on Tuesday, June 11th. OTR Global upgraded shares of salesforce.com to a “positive” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $180.00 target price on shares of salesforce.com in a report on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $180.00.

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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