salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff Sells 5,000 Shares

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $147.68, for a total transaction of $738,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, October 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $148.52, for a total transaction of $742,600.00.
  • On Wednesday, October 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $144.28, for a total transaction of $721,400.00.
  • On Monday, September 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $148.37, for a total transaction of $741,850.00.
  • On Friday, September 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.38, for a total transaction of $746,900.00.
  • On Wednesday, September 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $151.34, for a total transaction of $756,700.00.
  • On Monday, September 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.18, for a total transaction of $770,900.00.
  • On Friday, September 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.04, for a total transaction of $775,200.00.
  • On Wednesday, September 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $151.79, for a total transaction of $758,950.00.
  • On Monday, September 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.06, for a total transaction of $765,300.00.
  • On Friday, September 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.76, for a total transaction of $768,800.00.

Shares of CRM traded up $0.77 during mid-day trading on Monday, hitting $148.80. 2,664,912 shares of the company’s stock were exchanged, compared to its average volume of 5,901,075. The company has a market cap of $128.92 billion, a price-to-earnings ratio of 102.62, a P/E/G ratio of 5.61 and a beta of 1.23. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day moving average is $151.10 and its 200-day moving average is $154.45.



salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, equities research analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current year.

Several research analysts have recently weighed in on the stock. UBS Group set a $190.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. FBN Securities set a $200.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. SunTrust Banks set a $189.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, August 21st. Canaccord Genuity boosted their price target on shares of salesforce.com from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. They noted that the move was a valuation call. Finally, Nomura boosted their price target on shares of salesforce.com from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. salesforce.com currently has a consensus rating of “Buy” and an average target price of $184.31.

Institutional investors and hedge funds have recently modified their holdings of the company. Massey Quick Simon & CO. LLC acquired a new stake in shares of salesforce.com during the second quarter worth about $26,000. Personal Wealth Partners acquired a new stake in shares of salesforce.com during the second quarter worth about $28,000. Enterprise Trust & Investment Co lifted its position in shares of salesforce.com by 234.4% during the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of salesforce.com during the second quarter worth about $46,000. Finally, Citizens Financial Group Inc RI lifted its position in shares of salesforce.com by 81.9% during the second quarter. Citizens Financial Group Inc RI now owns 311 shares of the CRM provider’s stock worth $47,000 after purchasing an additional 140 shares in the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

About salesforce.com

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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