Marc Benioff Sells 15,000 Shares of Salesforce.com (CRM) Stock

Salesforce.com (NYSE:CRM) Chairman Marc Benioff sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $128.31, for a total transaction of $1,924,650.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, May 14th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $128.73, for a total transaction of $643,650.00.
  • On Friday, May 11th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $130.28, for a total transaction of $1,302,800.00.
  • On Monday, May 7th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $126.83, for a total transaction of $634,150.00.
  • On Wednesday, May 9th, Marc Benioff sold 15,000 shares of Salesforce.com stock. The shares were sold at an average price of $127.97, for a total transaction of $1,919,550.00.
  • On Friday, May 4th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $124.89, for a total transaction of $624,450.00.
  • On Wednesday, May 2nd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.86, for a total transaction of $614,300.00.
  • On Monday, April 30th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.95, for a total transaction of $604,750.00.
  • On Thursday, April 26th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.63, for a total transaction of $603,150.00.
  • On Friday, April 20th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $122.94, for a total transaction of $614,700.00.
  • On Tuesday, April 24th, Marc Benioff sold 15,000 shares of Salesforce.com stock. The stock was sold at an average price of $121.74, for a total transaction of $1,826,100.00.

Shares of Salesforce.com opened at $126.05 on Friday, according to MarketBeat. Salesforce.com has a one year low of $127.92 and a one year high of $128.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $94.17 billion, a price-to-earnings ratio of 286.16, a price-to-earnings-growth ratio of 5.44 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business earned $0.28 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. equities analysts expect that Salesforce.com will post 0.98 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CRM. TIAA CREF Investment Management LLC raised its stake in shares of Salesforce.com by 7.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock valued at $1,008,573,000 after acquiring an additional 645,099 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Salesforce.com by 3.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,572,224 shares of the CRM provider’s stock valued at $764,350,000 after acquiring an additional 226,056 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Salesforce.com by 4.9% in the 1st quarter. Baillie Gifford & Co. now owns 6,046,347 shares of the CRM provider’s stock valued at $703,190,000 after acquiring an additional 280,110 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Salesforce.com by 2.4% in the 4th quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock valued at $486,216,000 after acquiring an additional 112,839 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. raised its stake in shares of Salesforce.com by 27.8% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after acquiring an additional 945,000 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on CRM shares. Citigroup upped their price target on shares of Salesforce.com from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Stifel Nicolaus upped their price target on shares of Salesforce.com from $120.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Cowen upped their price target on shares of Salesforce.com from $118.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Sanford C. Bernstein raised shares of Salesforce.com from an “underperform” rating to a “market perform” rating in a report on Thursday, May 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of Salesforce.com in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and an average target price of $125.79.

Salesforce.com Company Profile

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.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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