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

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $133.09, for a total value of $665,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, June 14th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $137.26, for a total value of $2,058,900.00.
  • On Monday, June 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $134.01, for a total value of $670,050.00.
  • On Tuesday, June 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $132.74, for a total value of $1,327,400.00.
  • On Thursday, May 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $129.69, for a total value of $648,450.00.
  • On Tuesday, May 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $126.71, for a total value of $633,550.00.
  • On Friday, May 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $128.13, for a total value of $640,650.00.
  • On Monday, May 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $126.82, for a total value of $634,100.00.
  • On Wednesday, May 23rd, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $126.35, for a total value of $1,895,250.00.
  • On Friday, May 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $126.96, for a total value of $1,269,600.00.
  • On Monday, May 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $128.73, for a total value of $643,650.00.

Shares of CRM traded up $1.91 during trading hours on Thursday, hitting $138.41. 6,486,815 shares of the company were exchanged, compared to its average volume of 5,469,626. The firm has a market cap of $98.33 billion, a PE ratio of 307.58, a P/E/G ratio of 5.35 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. salesforce.com, inc. has a one year low of $84.89 and a one year high of $139.75.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, May 29th. The CRM provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.28. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.94 billion. salesforce.com had a return on equity of 7.25% and a net margin of 4.33%. salesforce.com’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. equities research analysts anticipate that salesforce.com, inc. will post 1 EPS for the current fiscal year.

A number of research analysts recently commented on CRM shares. Jefferies Financial Group raised salesforce.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $97.00 to $84.00 in a report on Thursday, February 15th. Barclays increased their price target on salesforce.com from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 21st. Credit Suisse Group increased their price target on salesforce.com from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Bank of America reissued a “buy” rating and issued a $161.00 price target on shares of salesforce.com in a report on Monday, May 21st. Finally, UBS Group set a $144.00 price target on salesforce.com and gave the company a “buy” rating in a report on Wednesday, March 21st. Six research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. salesforce.com currently has an average rating of “Buy” and an average price target of $133.75.

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after buying an additional 762 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of salesforce.com by 64.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock worth $121,000 after buying an additional 409 shares during the period. First Mercantile Trust Co. acquired a new stake in salesforce.com during the fourth quarter valued at $123,000. TLP Group LLC boosted its position in salesforce.com by 353.9% during the first quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock valued at $128,000 after purchasing an additional 860 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in salesforce.com during the fourth quarter valued at $131,000. 84.76% of the stock is owned by institutional investors and hedge funds.

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.

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

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