salesforce.com, inc. (NYSE:CRM) CEO Sells $5,670,300.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 30,000 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $189.01, for a total transaction of $5,670,300.00. Following the completion of the transaction, the chief executive officer now owns 29,978,800 shares in the company, valued at $5,666,292,988. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, July 29th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $193.07, for a total transaction of $2,896,050.00.
  • On Friday, July 24th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $187.47, for a total transaction of $2,812,050.00.
  • On Wednesday, July 22nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $190.40, for a total transaction of $2,856,000.00.
  • On Monday, July 20th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $192.91, for a total transaction of $2,893,650.00.
  • On Friday, July 17th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $186.31, for a total value of $2,794,650.00.
  • On Wednesday, July 15th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $188.88, for a total value of $2,833,200.00.
  • On Friday, July 10th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $198.34, for a total value of $2,975,100.00.
  • On Monday, July 13th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $195.33, for a total value of $2,929,950.00.
  • On Wednesday, July 8th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $199.74, for a total value of $2,996,100.00.
  • On Monday, July 6th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $197.17, for a total value of $2,957,550.00.

CRM opened at $193.61 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $174.44 billion, a price-to-earnings ratio of -1,075.61, a price-to-earnings-growth ratio of 9.43 and a beta of 1.08. The business has a 50-day moving average of $188.04 and a two-hundred day moving average of $173.23. salesforce.com, inc. has a 12 month low of $115.29 and a 12 month high of $202.82.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 28th. The CRM provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.85 billion. salesforce.com had a positive return on equity of 2.45% and a negative net margin of 0.92%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. Equities research analysts anticipate that salesforce.com, inc. will post 1.13 earnings per share for the current year.

Several equities research analysts recently weighed in on CRM shares. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $186.00 price target on shares of salesforce.com in a report on Monday, June 22nd. ValuEngine downgraded salesforce.com from a “buy” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank of Canada reduced their target price on salesforce.com from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Zacks Investment Research raised salesforce.com from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group raised their target price on salesforce.com from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday, June 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $200.21.

Institutional investors and hedge funds have recently bought and sold shares of the business. AXA grew its holdings in salesforce.com by 13.2% in the 1st quarter. AXA now owns 642,117 shares of the CRM provider’s stock valued at $92,452,000 after buying an additional 74,972 shares during the period. Balentine LLC purchased a new stake in salesforce.com in the 1st quarter valued at about $147,000. Wisconsin Capital Management LLC grew its holdings in salesforce.com by 12.5% in the 1st quarter. Wisconsin Capital Management LLC now owns 11,250 shares of the CRM provider’s stock valued at $1,620,000 after buying an additional 1,250 shares during the period. Capital Asset Advisory Services LLC lifted its stake in shares of salesforce.com by 18.8% in the 1st quarter. Capital Asset Advisory Services LLC now owns 2,861 shares of the CRM provider’s stock valued at $485,000 after purchasing an additional 452 shares in the last quarter. Finally, Private Asset Management Inc. lifted its stake in shares of salesforce.com by 7.4% in the 2nd quarter. Private Asset Management Inc. now owns 21,005 shares of the CRM provider’s stock valued at $3,935,000 after purchasing an additional 1,443 shares in the last quarter. Institutional investors own 81.26% 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.

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

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