salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff Sells 15,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $184.62, for a total transaction of $2,769,300.00. Following the completion of the transaction, the chief executive officer now owns 30,073,800 shares in the company, valued at approximately $5,552,224,956. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, June 24th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $186.15, for a total value of $2,792,250.00.
  • On Monday, June 22nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $190.11, for a total value of $2,851,650.00.
  • On Thursday, June 18th, Marc Benioff sold 30,000 shares of salesforce.com stock. The stock was sold at an average price of $183.99, for a total value of $5,519,700.00.
  • On Monday, June 15th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $176.04, for a total value of $2,640,600.00.
  • On Thursday, June 11th, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $172.05, for a total transaction of $3,441,000.00.
  • On Monday, June 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $174.84, for a total transaction of $1,748,400.00.
  • On Friday, June 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $172.86, for a total transaction of $1,728,600.00.
  • On Wednesday, June 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $174.31, for a total transaction of $1,743,100.00.
  • On Monday, June 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $175.30, for a total transaction of $1,753,000.00.
  • On Thursday, May 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $182.12, for a total transaction of $1,821,200.00.

NYSE:CRM opened at $187.33 on Wednesday. The firm’s 50-day moving average is $178.15 and its 200-day moving average is $169.22. The company has a market cap of $165.18 billion, a price-to-earnings ratio of 226.33, a PEG ratio of 9.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.15. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $195.72.

salesforce.com (NYSE:CRM) last released its earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.85 billion. salesforce.com had a positive return on equity of 2.45% and a negative net margin of 0.92%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. Equities analysts predict that salesforce.com, inc. will post 1.13 EPS for the current year.

Several large investors have recently made changes to their positions in CRM. Norges Bank bought a new position in shares of salesforce.com during the 4th quarter worth about $1,322,911,000. Loomis Sayles & Co. L P bought a new position in salesforce.com during the first quarter worth about $986,207,000. Fisher Asset Management LLC lifted its stake in salesforce.com by 49.6% during the first quarter. Fisher Asset Management LLC now owns 10,873,498 shares of the CRM provider’s stock worth $1,565,566,000 after purchasing an additional 3,606,319 shares during the period. Polen Capital Management LLC boosted its holdings in salesforce.com by 96.7% during the first quarter. Polen Capital Management LLC now owns 6,062,595 shares of the CRM provider’s stock valued at $872,892,000 after purchasing an additional 2,980,823 shares in the last quarter. Finally, Farallon Capital Management LLC bought a new stake in shares of salesforce.com in the 4th quarter valued at approximately $280,534,000. 81.54% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the company. Barclays reaffirmed a “buy” rating and issued a $186.00 target price on shares of salesforce.com in a research report on Tuesday, March 17th. Credit Suisse Group restated a “buy” rating and set a $200.00 price objective on shares of salesforce.com in a research report on Friday, May 29th. Zacks Investment Research upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, June 2nd. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $186.00 price objective on shares of salesforce.com in a research report on Monday, June 22nd. Finally, Piper Sandler decreased their target price on shares of salesforce.com from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $199.77.

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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