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 Monday, February 12th. The stock was sold at an average price of $108.20, for a total value of $541,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Friday, February 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $105.36, for a total value of $526,800.00.
  • On Wednesday, February 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was 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.

Shares of salesforce.com, inc. (NYSE:CRM) traded up $1.57 during midday trading on Monday, hitting $108.55. The company had a trading volume of 4,624,113 shares, compared to its average volume of 4,230,000. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a market capitalization 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 twelve month low of $80.25 and a twelve month high of $114.52.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business 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 company posted $0.24 earnings per share. equities analysts anticipate that salesforce.com, inc. will post 0.43 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Egerton Capital UK LLP acquired a new position in salesforce.com during the fourth quarter worth $294,547,000. Arrowstreet Capital Limited Partnership raised its stake in salesforce.com by 323.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock worth $364,846,000 after acquiring an additional 2,725,972 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in salesforce.com during the fourth quarter worth $83,414,000. Janus Henderson Group PLC raised its stake in salesforce.com by 5.3% during the third 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 in the last quarter. Finally, Suvretta Capital Management LLC raised its stake in salesforce.com by 34.8% during the third 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 in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

A number of equities analysts have recently weighed in on CRM shares. Vetr downgraded salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price on the stock. in a report on Monday, December 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $115.00 target price on shares of salesforce.com in a report on Wednesday, November 1st. Cowen reiterated a “buy” rating and issued a $118.00 target price on shares of salesforce.com in a report on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and issued a $125.00 target price (up previously from $100.00) on shares of salesforce.com in a report on Wednesday, November 22nd. Finally, UBS Group set a $135.00 target price on salesforce.com and gave the company a “buy” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.62.

COPYRIGHT VIOLATION NOTICE: “salesforce.com, inc. (CRM) CEO Marc Benioff Sells 5,000 Shares” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/12/salesforce-com-inc-crm-ceo-marc-benioff-sells-5000-shares.html.

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)

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.

Leave a Reply