Insider Selling: salesforce.com, inc. (CRM) Chairman Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $113.37, for a total transaction of $566,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $113.09, for a total transaction of $565,450.00.
  • On Monday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $112.36, for a total transaction of $561,800.00.
  • On Thursday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $111.36, for a total transaction of $556,800.00.
  • On Tuesday, January 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $109.99, for a total transaction of $549,950.00.
  • On Friday, January 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $109.96, for a total transaction of $549,800.00.
  • On Wednesday, January 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $108.70, for a total transaction of $543,500.00.
  • 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.

salesforce.com, inc. (NYSE CRM) traded down $0.40 during mid-day trading on Monday, hitting $113.30. 3,166,884 shares of the stock traded hands, compared to its average volume of 3,800,000. salesforce.com, inc. has a one year low of $77.10 and a one year high of $114.41. The firm has a market cap of $81,840.00, a PE ratio of 11,330.00, a PEG ratio of 10.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue was up 25.0% on a year-over-year basis. equities research analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of salesforce.com by 5.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after acquiring an additional 675,471 shares during the period. Legal & General Group Plc lifted its stake in shares of salesforce.com by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 3,132,927 shares of the CRM provider’s stock worth $292,674,000 after acquiring an additional 100,326 shares during the period. Swiss National Bank lifted its stake in shares of salesforce.com by 3.1% in the 3rd quarter. Swiss National Bank now owns 2,494,272 shares of the CRM provider’s stock worth $233,015,000 after acquiring an additional 76,000 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of salesforce.com by 8.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,488,454 shares of the CRM provider’s stock worth $232,471,000 after acquiring an additional 195,112 shares during the period. Finally, Suvretta Capital Management LLC lifted its stake in shares of salesforce.com by 34.8% in the 3rd quarter. Suvretta Capital Management LLC now owns 2,401,470 shares of the CRM provider’s stock worth $224,345,000 after acquiring an additional 619,520 shares during the period. Institutional investors own 85.60% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group upped their target price on shares of salesforce.com from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of salesforce.com in a research note on Wednesday, November 22nd. BMO Capital Markets upped their target price on shares of salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Goldman Sachs Group set a $122.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Thursday, November 23rd. Finally, JMP Securities raised shares of salesforce.com to a “positive” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $112.86.

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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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