Marc Benioff Sells 15,000 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $193.07, for a total transaction of $2,896,050.00. Following the transaction, the chief executive officer now directly owns 29,963,800 shares in the company, valued at approximately $5,785,110,866. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Friday, July 24th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $187.47, for a total transaction of $2,812,050.00.
  • On Monday, July 27th, Marc Benioff sold 30,000 shares of salesforce.com stock. The stock was sold at an average price of $189.01, for a total transaction of $5,670,300.00.
  • On Wednesday, July 22nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was 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 stock was 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 stock was sold at an average price of $186.31, for a total transaction of $2,794,650.00.
  • On Wednesday, July 15th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $188.88, for a total transaction of $2,833,200.00.
  • On Friday, July 10th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $198.34, for a total transaction of $2,975,100.00.
  • On Monday, July 13th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $195.33, for a total transaction of $2,929,950.00.
  • On Wednesday, July 8th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $199.74, for a total transaction 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 transaction of $2,957,550.00.

Shares of NYSE:CRM opened at $194.85 on Friday. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $202.82. The firm has a fifty day moving average of $188.62 and a 200 day moving average of $173.36. The firm has a market capitalization of $175.56 billion, a PE ratio of -1,082.50, a price-to-earnings-growth ratio of 9.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.15.

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

A number of equities research analysts recently commented on CRM shares. Oppenheimer lifted their price target on shares of salesforce.com from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Goldman Sachs Group lifted their price target on shares of salesforce.com from $204.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. They noted that the move was a valuation call. Cfra boosted their target price on shares of salesforce.com from $222.00 to $225.00 and gave the company a “strong-buy” rating in a report on Monday, June 1st. Credit Suisse Group reissued a “buy” rating and set a $200.00 target price on shares of salesforce.com in a report on Friday, May 29th. Finally, Monness Crespi & Hardt boosted their target price on shares of salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $200.21.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ropes Wealth Advisors LLC boosted its position in salesforce.com by 1.7% during the second quarter. Ropes Wealth Advisors LLC now owns 3,037 shares of the CRM provider’s stock valued at $569,000 after buying an additional 52 shares during the period. Norway Savings Bank boosted its position in salesforce.com by 1.8% during the second quarter. Norway Savings Bank now owns 3,040 shares of the CRM provider’s stock valued at $570,000 after buying an additional 55 shares during the period. Shepherd Financial Partners LLC boosted its position in salesforce.com by 0.8% during the first quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock valued at $1,136,000 after buying an additional 59 shares during the period. FLC Capital Advisors boosted its position in salesforce.com by 1.2% during the second quarter. FLC Capital Advisors now owns 5,267 shares of the CRM provider’s stock valued at $1,041,000 after buying an additional 60 shares during the period. Finally, Pacific Wealth Strategies Group Inc. boosted its position in salesforce.com by 1.2% during the second quarter. Pacific Wealth Strategies Group Inc. now owns 4,870 shares of the CRM provider’s stock valued at $912,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.

Featured Article: How Short Selling Works

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.