Marc Benioff Sells 5,000 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, December 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.72, for a total value of $788,600.00.
  • On Thursday, December 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $158.01, for a total value of $1,580,100.00.
  • On Monday, December 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.50, for a total transaction of $802,500.00.
  • On Friday, November 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.65, for a total transaction of $813,250.00.
  • On Wednesday, November 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $161.75, for a total transaction of $808,750.00.
  • On Monday, November 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.32, for a total transaction of $811,600.00.
  • On Friday, November 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.62, for a total transaction of $813,100.00.
  • On Wednesday, November 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $164.45, for a total transaction of $822,250.00.
  • On Monday, November 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.88, for a total transaction of $814,400.00.
  • On Friday, November 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.78, for a total transaction of $813,900.00.

CRM stock opened at $161.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $138.72 billion, a P/E ratio of 115.84, a PEG ratio of 6.53 and a beta of 1.24. The business has a 50 day simple moving average of $159.52 and a 200-day simple moving average of $153.53. salesforce.com, inc. has a twelve month low of $120.16 and a twelve month high of $167.56.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company posted $0.61 EPS. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Research analysts predict that salesforce.com, inc. will post 1.28 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Investors Research Corp grew its holdings in shares of salesforce.com by 159.1% during the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after buying an additional 105 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in salesforce.com in the 2nd quarter valued at about $26,000. Acima Private Wealth LLC raised its stake in salesforce.com by 250.0% during the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 135 shares during the last quarter. Enterprise Trust & Investment Co lifted its position in salesforce.com by 234.4% during the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 143 shares during the period. Finally, Strategic Blueprint LLC acquired a new stake in salesforce.com during the 3rd quarter worth approximately $30,000. 81.34% of the stock is currently owned by institutional investors.

CRM has been the subject of a number of analyst reports. JMP Securities reiterated a “buy” rating and set a $191.00 target price on shares of salesforce.com in a research note on Monday, November 25th. Credit Suisse Group reissued an “outperform” rating and issued a $185.00 target price (up previously from $175.00) on shares of salesforce.com in a report on Wednesday, December 4th. Stephens set a $184.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Friday, August 23rd. Northland Securities reaffirmed a “buy” rating and set a $185.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Finally, FBN Securities set a $200.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $189.68.

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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