salesforce.com, inc. (NYSE:CRM) CEO Sells $547,308.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $237.96, for a total value of $547,308.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, January 10th, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $224.04, for a total value of $515,292.00.
  • On Wednesday, January 5th, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $232.45, for a total value of $534,635.00.
  • On Monday, January 3rd, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $252.99, for a total value of $581,877.00.
  • On Wednesday, November 3rd, Marc Benioff sold 68,008 shares of salesforce.com stock. The shares were sold at an average price of $301.74, for a total value of $20,520,733.92.
  • On Monday, November 1st, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $301.72, for a total value of $6,034,400.00.
  • On Friday, October 29th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $298.38, for a total value of $5,967,600.00.
  • On Wednesday, October 27th, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $297.07, for a total value of $5,941,400.00.
  • On Monday, October 25th, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $293.44, for a total value of $5,868,800.00.
  • On Friday, October 22nd, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $291.21, for a total value of $5,824,200.00.
  • On Wednesday, October 20th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $290.17, for a total value of $5,803,400.00.

Shares of salesforce.com stock opened at $231.23 on Friday. The business’s fifty day moving average price is $267.09 and its two-hundred day moving average price is $264.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $227.76 billion, a P/E ratio of 127.75, a PEG ratio of 5.87 and a beta of 1.06. salesforce.com, inc. has a 1-year low of $201.51 and a 1-year high of $311.75.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 30th. The CRM provider reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.35. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.80 billion. salesforce.com had a return on equity of 5.71% and a net margin of 6.96%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. On average, research analysts expect that salesforce.com, inc. will post 2.42 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Joseph P. Lucia & Associates LLC grew its holdings in shares of salesforce.com by 761.5% during the third quarter. Joseph P. Lucia & Associates LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Rosenberg Matthew Hamilton purchased a new position in shares of salesforce.com during the third quarter valued at $34,000. First Personal Financial Services grew its holdings in shares of salesforce.com by 83.3% during the third quarter. First Personal Financial Services now owns 132 shares of the CRM provider’s stock valued at $36,000 after buying an additional 60 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of salesforce.com during the third quarter valued at $39,000. Finally, Costello Asset Management INC grew its holdings in shares of salesforce.com by 83.3% during the third quarter. Costello Asset Management INC now owns 154 shares of the CRM provider’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

Several research firms recently weighed in on CRM. Cowen reiterated a “buy” rating and set a $325.00 target price on shares of salesforce.com in a research report on Friday, September 24th. Truist Securities raised their price objective on salesforce.com from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, December 1st. Citigroup raised their price objective on salesforce.com from $280.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, November 23rd. Wells Fargo & Company restated a “buy” rating and issued a $340.00 price objective on shares of salesforce.com in a report on Thursday, December 23rd. Finally, JMP Securities raised their price objective on salesforce.com from $320.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, salesforce.com has an average rating of “Buy” and an average target price of $324.21.

salesforce.com Company Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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

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