salesforce.com, inc. (NYSE:CRM) CEO Sells $1,800,100.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $180.01, for a total value of $1,800,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, January 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $177.02, for a total value of $1,770,200.00.
  • On Monday, January 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $170.90, for a total value of $1,709,000.00.
  • On Thursday, January 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $165.49, for a total value of $1,654,900.00.
  • On Friday, December 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $165.02, for a total value of $825,100.00.
  • On Monday, December 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $163.94, for a total value of $819,700.00.
  • On Friday, December 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $164.53, for a total value of $822,650.00.
  • On Wednesday, December 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.47, for a total value of $812,350.00.
  • On Friday, December 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.52, for a total value of $802,600.00.
  • On Wednesday, December 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $156.00, for a total value of $780,000.00.
  • On Monday, December 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.72, for a total value of $788,600.00.

Shares of salesforce.com stock traded up $0.60 on Friday, reaching $180.20. 5,111,661 shares of the company were exchanged, compared to its average volume of 6,249,487. The stock has a fifty day moving average price of $163.59 and a 200-day moving average price of $155.28. The firm has a market capitalization of $157.29 billion, a price-to-earnings ratio of 124.28, a price-to-earnings-growth ratio of 7.41 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. salesforce.com, inc. has a fifty-two week low of $137.87 and a fifty-two week high of $180.68.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. salesforce.com’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Sanford C. Bernstein reissued a “neutral” rating and issued a $175.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Barclays reissued a “buy” rating and issued a $189.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Piper Jaffray Companies assumed coverage on salesforce.com in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 price objective on the stock. Goldman Sachs Group reissued a “buy” rating and issued a $191.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Finally, Zacks Investment Research downgraded salesforce.com from a “buy” rating to a “hold” rating and set a $175.00 price objective on the stock. in a research note on Friday, January 3rd. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $191.40.

Several institutional investors have recently made changes to their positions in CRM. Boston Trust Walden Corp acquired a new position in salesforce.com during the fourth quarter valued at $253,000. Douglass Winthrop Advisors LLC raised its position in salesforce.com by 8.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 15,876 shares of the CRM provider’s stock valued at $2,582,000 after buying an additional 1,170 shares during the period. Hoey Investments Inc. acquired a new position in salesforce.com during the fourth quarter valued at $468,000. Clarus Wealth Advisors raised its position in salesforce.com by 9.4% during the fourth quarter. Clarus Wealth Advisors now owns 3,280 shares of the CRM provider’s stock valued at $589,000 after buying an additional 283 shares during the period. Finally, Advisors Capital Management LLC acquired a new position in salesforce.com during the fourth quarter valued at $219,000. 80.42% of the stock is currently owned by institutional investors.

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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