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

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $105.36, for a total value of $526,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, February 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $108.20, for a total value of $541,000.00.
  • On Wednesday, February 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $110.74, for a total value of $553,700.00.
  • On Friday, February 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.45, for a total value of $557,250.00.
  • On Monday, February 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $110.71, for a total value of $1,107,100.00.
  • On Wednesday, January 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.93, for a total value of $569,650.00.
  • On Monday, January 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.62, for a total value of $568,100.00.
  • On Friday, January 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.37, for a total value of $566,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.09, for a total value of $565,450.00.
  • On Monday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $112.36, for a total value of $561,800.00.
  • On Thursday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.36, for a total value of $556,800.00.

salesforce.com, inc. (NYSE:CRM) traded up $1.57 during trading hours on Monday, hitting $108.55. The stock had a trading volume of 4,624,113 shares, compared to its average volume of 4,230,000. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $78,410.00, a price-to-earnings ratio of 10,855.00, a price-to-earnings-growth ratio of 5.93 and a beta of 1.32. salesforce.com, inc. has a 52-week low of $80.25 and a 52-week high of $114.52.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. salesforce.com’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. research analysts anticipate that salesforce.com, inc. will post 0.43 earnings per share for the current year.

Several analysts have weighed in on CRM shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $109.00 price objective on shares of salesforce.com in a research report on Friday, October 20th. BTIG Research lifted their price objective on salesforce.com to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks reaffirmed a “buy” rating and set a $114.00 price objective on shares of salesforce.com in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $108.00 price objective on shares of salesforce.com in a research report on Wednesday, November 8th. Finally, Citigroup lifted their price objective on salesforce.com to $124.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $113.62.

Several large investors have recently bought and sold shares of CRM. Ark Investment Management LLC increased its stake in shares of salesforce.com by 38.3% in the 2nd quarter. Ark Investment Management LLC now owns 111,279 shares of the CRM provider’s stock worth $9,637,000 after purchasing an additional 30,792 shares in the last quarter. AHL Partners LLP purchased a new stake in shares of salesforce.com in the 2nd quarter worth $1,297,000. Ameritas Investment Partners Inc. increased its stake in shares of salesforce.com by 0.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after purchasing an additional 93 shares in the last quarter. National Asset Management Inc. increased its stake in shares of salesforce.com by 6.2% in the 2nd quarter. National Asset Management Inc. now owns 4,304 shares of the CRM provider’s stock worth $373,000 after purchasing an additional 253 shares in the last quarter. Finally, Gofen & Glossberg LLC IL increased its stake in shares of salesforce.com by 8.7% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 9,907 shares of the CRM provider’s stock worth $858,000 after purchasing an additional 791 shares in the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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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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