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

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $160.30, for a total value of $801,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, November 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $161.32, for a total value of $806,600.00.
  • On Wednesday, November 6th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.86, for a total value of $794,300.00.
  • On Monday, November 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.41, for a total value of $792,050.00.
  • On Friday, November 1st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.01, for a total value of $795,050.00.
  • On Wednesday, October 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.05, for a total value of $785,250.00.
  • On Monday, October 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $152.80, for a total value of $764,000.00.
  • On Friday, October 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $148.90, for a total value of $744,500.00.
  • On Wednesday, October 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $144.32, for a total value of $721,600.00.
  • On Monday, October 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $144.43, for a total value of $722,150.00.
  • On Friday, October 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $144.17, for a total value of $720,850.00.

Shares of CRM stock opened at $162.60 on Thursday. The stock’s 50-day simple moving average is $151.43 and its 200-day simple moving average is $153.23. 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 firm has a market capitalization of $141.29 billion, a PE ratio of 112.14, a P/E/G ratio of 6.90 and a beta of 1.22. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. Sell-side analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current year.

CRM has been the subject of a number of analyst reports. Stephens set a $184.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Credit Suisse Group set a $175.00 target price on salesforce.com and gave the company a “buy” rating in a research report on Wednesday. FBN Securities set a $200.00 target price on salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley upped their target price on salesforce.com from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Nomura upped their target price on salesforce.com from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. 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 company presently has an average rating of “Buy” and a consensus target price of $185.60.

Several hedge funds have recently made changes to their positions in CRM. Massey Quick Simon & CO. LLC acquired a new stake in salesforce.com during the second quarter worth about $26,000. Investors Research Corp grew its holdings in salesforce.com by 159.1% during the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 105 shares during the period. Personal Wealth Partners acquired a new stake in salesforce.com during the second quarter worth about $28,000. Acima Private Wealth LLC grew its holdings in salesforce.com by 250.0% during the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 135 shares during the period. Finally, Strategic Blueprint LLC acquired a new stake in salesforce.com during the third quarter worth about $30,000. 74.11% 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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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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