Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $160.50, for a total transaction of $802,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, November 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.65, for a total transaction of $813,250.00.
  • On Wednesday, November 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.75, for a total transaction of $808,750.00.
  • On Monday, November 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.32, for a total transaction of $811,600.00.
  • On Friday, November 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.62, for a total transaction of $813,100.00.
  • On Wednesday, November 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $164.45, for a total transaction of $822,250.00.
  • On Monday, November 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.88, for a total transaction of $814,400.00.
  • On Friday, November 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.78, for a total transaction of $813,900.00.
  • On Wednesday, November 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $163.14, for a total transaction of $815,700.00.
  • 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 transaction of $806,600.00.
  • On Friday, November 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.30, for a total transaction of $801,500.00.

salesforce.com stock opened at $161.00 on Tuesday. The company has a market cap of $142.85 billion, a price-to-earnings ratio of 111.03, a PEG ratio of 7.00 and a beta of 1.24. The firm’s fifty day moving average is $156.87 and its 200 day moving average is $153.38. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. salesforce.com, inc. has a 52-week low of $120.16 and a 52-week high of $167.56.

A number of hedge funds have recently bought and sold shares of the business. Bray Capital Advisors increased its position in salesforce.com by 0.3% during the third quarter. Bray Capital Advisors now owns 23,420 shares of the CRM provider’s stock valued at $3,476,000 after acquiring an additional 65 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in salesforce.com by 4.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,472 shares of the CRM provider’s stock valued at $218,000 after acquiring an additional 65 shares during the last quarter. Citizens Financial Group Inc RI increased its position in salesforce.com by 21.9% during the third quarter. Citizens Financial Group Inc RI now owns 379 shares of the CRM provider’s stock valued at $56,000 after acquiring an additional 68 shares during the last quarter. Wealthsource Partners LLC increased its position in salesforce.com by 0.9% during the third quarter. Wealthsource Partners LLC now owns 7,869 shares of the CRM provider’s stock valued at $1,168,000 after acquiring an additional 70 shares during the last quarter. Finally, Clear Perspective Advisors LLC increased its position in salesforce.com by 4.6% during the second quarter. Clear Perspective Advisors LLC now owns 1,646 shares of the CRM provider’s stock valued at $250,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 81.32% of the company’s stock.

Several equities analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. They noted that the move was a valuation call. Evercore ISI reissued a “buy” rating and issued a $190.00 target price on shares of salesforce.com in a report on Tuesday, November 12th. Northland Securities set a $185.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. OTR Global raised shares of salesforce.com to a “positive” rating in a report on Thursday, August 15th. Finally, TheStreet downgraded shares of salesforce.com from a “b” rating to a “c” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $187.31.

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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