salesforce.com, inc. (CRM) CEO Sells $665,450.00 in Stock

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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $133.09, for a total value of $665,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, June 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $136.66, for a total value of $683,300.00.
  • On Wednesday, June 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.01, for a total value of $675,050.00.
  • On Monday, June 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $134.17, for a total value of $1,341,700.00.
  • On Thursday, June 21st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $139.12, for a total value of $1,391,200.00.
  • On Monday, June 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $139.09, for a total value of $695,450.00.
  • 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 stock was 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 stock was sold at an average price of $126.71, for a total value of $633,550.00.

salesforce.com stock traded up $1.28 during midday trading on Friday, reaching $136.40. 5,192,756 shares of the company’s stock were exchanged, compared to its average volume of 5,638,360. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $99.16 billion, a P/E ratio of 303.11, a PEG ratio of 5.40 and a beta of 1.26. salesforce.com, inc. has a 52 week low of $85.12 and a 52 week high of $142.12.

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

A number of hedge funds have recently modified their holdings of CRM. Buckingham Capital Management Inc. lifted its position in salesforce.com by 18.6% during the third quarter. Buckingham Capital Management Inc. now owns 21,473 shares of the CRM provider’s stock worth $2,006,000 after acquiring an additional 3,360 shares during the last quarter. Bessemer Group Inc. raised 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 valued at $118,000 after buying an additional 762 shares in the last quarter. HL Financial Services LLC acquired a new stake in shares of salesforce.com in the fourth quarter valued at approximately $464,000. Engineers Gate Manager LP raised its position in shares of salesforce.com by 4.7% in the fourth quarter. Engineers Gate Manager LP now owns 19,315 shares of the CRM provider’s stock valued at $1,975,000 after buying an additional 861 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of salesforce.com in the fourth quarter valued at approximately $514,000. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Several analysts recently commented on CRM shares. Morgan Stanley raised their price objective on salesforce.com from $134.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 2nd. Barclays raised their price objective on salesforce.com from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 21st. UBS Group set a $144.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, March 21st. ValuEngine raised salesforce.com from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $135.00 price objective on shares of salesforce.com in a research note on Friday, April 6th. Six investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $133.85.

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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