salesforce.com, inc. (CRM) Chairman Sells $541,050.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $108.21, for a total value of $541,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $108.20, for a total value of $541,000.00.
  • 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $112.36, for a total value of $561,800.00.

salesforce.com, inc. (NYSE:CRM) traded up $1.33 during mid-day trading on Wednesday, reaching $109.02. The company’s stock had a trading volume of 7,424,023 shares, compared to its average volume of 4,460,000. salesforce.com, inc. has a 1-year low of $80.25 and a 1-year high of $114.52. 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 company has a market cap of $78,750.00, a P/E ratio of 10,902.00, a price-to-earnings-growth ratio of 6.01 and a beta of 1.32.

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

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

A number of hedge funds have recently bought and sold shares of CRM. Egerton Capital UK LLP purchased a new stake in shares of salesforce.com during the 4th quarter worth approximately $294,547,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of salesforce.com by 323.4% during the 4th 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. Tybourne Capital Management HK Ltd. raised its holdings in shares of salesforce.com by 27.8% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after acquiring an additional 945,000 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of salesforce.com during the 4th quarter worth approximately $83,414,000. Finally, Janus Henderson Group PLC raised its holdings in shares of salesforce.com by 5.3% during 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 in the last quarter. Institutional investors and hedge funds 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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