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

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $157.05, for a total value of $785,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.44, for a total value of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.83, for a total value of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $150.49, for a total value of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.14, for a total value of $1,511,400.00.
  • On Monday, June 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.75, for a total value of $1,577,500.00.
  • On Thursday, June 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $157.57, for a total value of $1,575,700.00.
  • On Monday, June 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $149.88, for a total value of $1,498,800.00.
  • On Thursday, May 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.21, for a total value of $776,050.00.
  • On Tuesday, May 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $156.07, for a total value of $780,350.00.
  • On Friday, May 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.03, for a total value of $775,150.00.

Shares of NYSE:CRM opened at $149.34 on Wednesday. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The stock has a market cap of $121.71 billion, a P/E ratio of 102.99, a PEG ratio of 5.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50-day simple moving average is $154.65.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the business earned $0.74 EPS. salesforce.com’s revenue was up 24.3% compared to the same quarter last year. Equities research analysts anticipate that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in CRM. FMR LLC grew its holdings in shares of salesforce.com by 0.8% during the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock worth $14,208,366,000 after acquiring an additional 698,321 shares during the period. Horizon Investments LLC purchased a new position in shares of salesforce.com during the 1st quarter worth approximately $424,000. Merit Financial Group LLC grew its holdings in shares of salesforce.com by 10.4% during the 1st quarter. Merit Financial Group LLC now owns 2,623 shares of the CRM provider’s stock worth $415,000 after acquiring an additional 247 shares during the period. Laurel Wealth Advisors Inc. grew its holdings in shares of salesforce.com by 5.0% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 3,256 shares of the CRM provider’s stock worth $516,000 after acquiring an additional 156 shares during the period. Finally, M Holdings Securities Inc. purchased a new position in shares of salesforce.com during the 1st quarter worth approximately $231,000. Institutional investors own 81.53% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $192.00 target price on shares of salesforce.com in a research note on Friday, May 31st. Royal Bank of Canada reissued a “buy” rating and issued a $181.00 target price on shares of salesforce.com in a research note on Monday, June 17th. Nomura reissued a “buy” rating on shares of salesforce.com in a research note on Tuesday, May 28th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 target price (up previously from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $175.00 target price (up previously from $165.00) on shares of salesforce.com in a research note on Wednesday, March 6th. Four analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $179.97.

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.

Featured Story: What is the formula for the cash asset ratio?

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.