Marc Benioff Sells 5,000 Shares of Salesforce.com (CRM) Stock

Share on StockTwits

Salesforce.com (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $127.01, for a total value of $635,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, April 5th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.65, for a total value of $598,250.00.
  • On Tuesday, April 3rd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $115.40, for a total value of $1,154,000.00.
  • On Wednesday, March 28th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $113.21, for a total value of $566,050.00.
  • On Monday, March 26th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $117.35, for a total value of $586,750.00.
  • On Friday, March 23rd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $116.21, for a total value of $581,050.00.
  • On Wednesday, March 21st, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.36, for a total value of $611,800.00.
  • On Friday, March 16th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $126.48, for a total value of $632,400.00.
  • On Monday, March 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $125.63, for a total value of $1,256,300.00.
  • On Wednesday, March 14th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $127.67, for a total value of $638,350.00.
  • On Monday, March 12th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $127.18, for a total value of $1,271,800.00.

NYSE CRM opened at $116.10 on Friday. Salesforce.com has a twelve month low of $83.00 and a twelve month high of $128.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. The stock has a market cap of $86,300.41, a price-to-earnings ratio of 258.00, a PEG ratio of 5.24 and a beta of 1.23.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. analysts predict that Salesforce.com will post 0.94 EPS for the current fiscal year.

A number of analysts recently commented on the company. Zacks Investment Research downgraded Salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Vetr raised Salesforce.com from a “sell” rating to a “hold” rating and set a $130.00 price objective for the company in a report on Thursday, March 8th. UBS set a $144.00 price objective on Salesforce.com and gave the company a “buy” rating in a report on Wednesday, March 21st. Barclays increased their price objective on Salesforce.com from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 21st. Finally, Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Salesforce.com in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $124.28.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in Salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after purchasing an additional 675,471 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Salesforce.com by 7.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock valued at $1,008,573,000 after purchasing an additional 645,099 shares in the last quarter. Brown Advisory Inc. raised its position in Salesforce.com by 2.4% during the fourth quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock valued at $486,216,000 after purchasing an additional 112,839 shares in the last quarter. Tybourne Capital Management HK Ltd. increased its holdings in shares of Salesforce.com by 27.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after buying an additional 945,000 shares during the period. Finally, Fred Alger Management Inc. increased its holdings in shares of Salesforce.com by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 3,683,014 shares of the CRM provider’s stock worth $376,515,000 after buying an additional 76,255 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

WARNING: “Marc Benioff Sells 5,000 Shares of Salesforce.com (CRM) Stock” was originally published by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://baseballnewssource.com/2018/04/07/insider-selling-salesforce-com-inc-crm-ceo-sells-5000-shares-of-stock/2038479.html.

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.

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.