salesforce.com, inc. (NYSE:CRM) CEO Sells $1,891,700.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $189.17, for a total value of $1,891,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, February 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $188.11, for a total value of $1,881,100.00.
  • On Thursday, February 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $186.44, for a total value of $1,864,400.00.
  • On Friday, January 31st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $182.16, for a total value of $1,821,600.00.
  • On Monday, February 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $184.59, for a total value of $1,845,900.00.
  • On Wednesday, January 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $182.85, for a total value of $1,828,500.00.
  • On Monday, January 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $180.58, for a total value of $1,805,800.00.
  • On Thursday, January 23rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $183.27, for a total value of $1,832,700.00.
  • On Tuesday, January 21st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $184.63, for a total value of $1,846,300.00.
  • On Thursday, January 16th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $181.96, for a total value of $1,819,600.00.
  • On Tuesday, January 14th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $182.79, for a total value of $1,827,900.00.

NYSE:CRM opened at $188.64 on Friday. The stock has a 50-day simple moving average of $178.57 and a two-hundred day simple moving average of $159.99. salesforce.com, inc. has a 52-week low of $137.87 and a 52-week high of $192.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $167.75 billion, a PE ratio of 200.68, a P/E/G ratio of 8.11 and a beta of 1.19.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. salesforce.com’s revenue for the quarter was up 33.0% on a year-over-year basis. Equities analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

A number of research firms have commented on CRM. Northland Securities reissued a “buy” rating and issued a $185.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Roth Capital reissued a “neutral” rating on shares of salesforce.com in a report on Wednesday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a $185.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Goldman Sachs Group reissued a “buy” rating and issued a $191.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of salesforce.com in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $195.49.

Several institutional investors have recently made changes to their positions in CRM. Investors Research Corp lifted 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 buying an additional 105 shares during the period. Sound Income Strategies LLC grew its position in salesforce.com by 93.8% during the 4th quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 75 shares during the period. OLD Second National Bank of Aurora grew its position in salesforce.com by 115.6% during the 4th quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Acima Private Wealth LLC grew its position in salesforce.com by 250.0% during the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 135 shares during the period. Finally, NWK Group Inc. acquired a new stake in salesforce.com during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 80.45% of the company’s stock.

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.

Recommended Story: P/E Growth (PEG)

Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.