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

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $108.70, for a total transaction of $543,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, January 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $108.60, for a total transaction of $543,000.00.
  • On Thursday, January 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $106.64, for a total transaction of $533,200.00.
  • On Tuesday, January 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $103.97, for a total transaction of $519,850.00.

Shares of salesforce.com, inc. (NYSE:CRM) opened at $109.10 on Friday. The firm has a market cap of $78,800.00, a price-to-earnings ratio of 10,910.00, a PEG ratio of 10.09 and a beta of 1.24. salesforce.com, inc. has a 52 week low of $74.00 and a 52 week high of $109.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. research analysts forecast that salesforce.com, inc. will post 0.43 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC boosted its holdings in salesforce.com by 0.3% during the second quarter. Stephens Investment Management Group LLC now owns 30,933 shares of the CRM provider’s stock worth $2,679,000 after buying an additional 85 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in salesforce.com by 0.6% during the second quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after buying an additional 93 shares in the last quarter. Linscomb & Williams Inc. boosted its holdings in salesforce.com by 2.5% during the second quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock worth $363,000 after buying an additional 104 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in salesforce.com by 2.4% during the second quarter. D.A. Davidson & CO. now owns 6,807 shares of the CRM provider’s stock worth $589,000 after buying an additional 160 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its holdings in salesforce.com by 4.8% during the second quarter. Ropes Wealth Advisors LLC now owns 3,697 shares of the CRM provider’s stock worth $320,000 after buying an additional 169 shares in the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on CRM shares. JMP Securities upgraded shares of salesforce.com to a “positive” rating in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating on shares of salesforce.com in a research note on Thursday, November 9th. BMO Capital Markets boosted their price objective on shares of salesforce.com from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Societe Generale set a $130.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Guggenheim started coverage on shares of salesforce.com in a research note on Monday, October 30th. They set a “buy” rating and a $125.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have issued a buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus price target of $112.66.

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About salesforce.com

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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