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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $137.89, for a total transaction of $689,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, October 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.17, for a total transaction of $685,850.00.
  • On Monday, October 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.38, for a total transaction of $676,900.00.
  • On Friday, October 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $137.62, for a total transaction of $1,376,200.00.
  • On Wednesday, October 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.57, for a total transaction of $687,850.00.
  • On Monday, October 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.11, for a total transaction of $1,421,100.00.
  • On Wednesday, October 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $146.67, for a total transaction of $733,350.00.
  • On Monday, October 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $143.32, for a total transaction of $716,600.00.
  • On Friday, October 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.75, for a total transaction of $1,427,500.00.
  • On Tuesday, October 9th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $151.22, for a total transaction of $2,268,300.00.
  • On Wednesday, October 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.06, for a total transaction of $795,300.00.

CRM opened at $136.79 on Monday. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $103.51 billion, a PE ratio of 303.98, a price-to-earnings-growth ratio of 4.50 and a beta of 1.38.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the business earned $0.33 earnings per share. salesforce.com’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, sell-side analysts predict that salesforce.com, inc. will post 1.22 EPS for the current year.

CRM has been the topic of a number of research reports. SunTrust Banks upped their target price on salesforce.com to $170.00 and gave the company a “positive” rating in a report on Thursday, August 30th. TheStreet downgraded salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Pivotal Research upped their target price on salesforce.com from $120.00 to $140.00 and gave the company a “hold” rating in a report on Tuesday, September 4th. Morgan Stanley upped their target price on salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, August 14th. Finally, JPMorgan Chase & Co. upped their target price on salesforce.com to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $165.25.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Botty Investors LLC bought a new position in salesforce.com in the third quarter worth $123,000. Resources Investment Advisors Inc. lifted its position in salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the period. CWM LLC lifted its position in salesforce.com by 95.8% in the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after purchasing an additional 645 shares during the period. United Capital Management of KS Inc. bought a new position in salesforce.com in the third quarter worth $193,000. Finally, Nikulski Financial Inc. bought a new position in salesforce.com in the third quarter worth $200,000. 83.01% of the stock is owned by institutional investors.

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.

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

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