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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $137.58, for a total transaction of $687,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, November 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $140.93, for a total transaction of $704,650.00.
  • On Monday, November 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $135.11, for a total transaction of $675,550.00.
  • On Friday, November 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $137.89, for a total transaction of $689,450.00.
  • On Wednesday, October 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $137.17, for a total transaction of $685,850.00.
  • On Monday, October 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $135.38, for a total transaction of $676,900.00.
  • On Friday, October 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $137.62, for a total transaction of $1,376,200.00.
  • On Wednesday, October 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $137.57, for a total transaction of $687,850.00.
  • On Monday, October 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $142.11, for a total transaction of $1,421,100.00.
  • On Wednesday, October 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $146.67, for a total transaction of $733,350.00.
  • On Monday, October 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $143.32, for a total transaction of $716,600.00.

CRM traded down $4.95 during mid-day trading on Friday, hitting $136.92. The stock had a trading volume of 5,250,447 shares, compared to its average volume of 5,467,424. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $101.36 billion, a PE ratio of 304.27, a price-to-earnings-growth ratio of 4.40 and a beta of 1.38. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19.

salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Equities analysts forecast that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CRM. Botty Investors LLC acquired a new stake in salesforce.com in the third quarter worth $123,000. Psagot Investment House Ltd. bought a new stake in shares of salesforce.com during the third quarter worth $134,000. Resources Investment Advisors Inc. increased its position in shares of salesforce.com by 328.2% during the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after acquiring an additional 965 shares in the last quarter. CWM LLC increased its position in shares of salesforce.com by 95.8% during the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after acquiring an additional 645 shares in the last quarter. Finally, United Capital Management of KS Inc. bought a new stake in shares of salesforce.com during the third quarter worth $193,000. Institutional investors own 83.01% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Nomura assumed coverage on shares of salesforce.com in a research report on Monday, October 29th. They set a “buy” rating and a $181.00 target price on the stock. Jefferies Financial Group upped their target price on shares of salesforce.com to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. UBS Group upped their target price on shares of salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Stifel Nicolaus upped their target price on shares of salesforce.com from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Finally, TheStreet lowered shares of salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Six equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $166.41.

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About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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