salesforce.com, inc. (CRM) Chairman Sells $1,620,700.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $162.07, for a total value of $1,620,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, May 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $155.21, for a total value of $776,050.00.
  • On Tuesday, May 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $156.07, for a total value of $780,350.00.
  • On Friday, May 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $155.03, for a total value of $775,150.00.
  • On Wednesday, May 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $156.73, for a total value of $1,567,300.00.
  • On Friday, May 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $155.34, for a total value of $776,700.00.
  • On Monday, May 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $154.97, for a total value of $1,549,700.00.
  • On Wednesday, May 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.55, for a total value of $1,555,500.00.
  • On Monday, May 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.40, for a total value of $772,000.00.
  • On Friday, May 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.28, for a total value of $786,400.00.
  • On Wednesday, May 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $157.26, for a total value of $1,572,600.00.

Shares of CRM traded down $4.25 during mid-day trading on Friday, hitting $151.41. The stock had a trading volume of 5,216,492 shares, compared to its average volume of 5,101,517. The firm has a market cap of $117.84 billion, a price-to-earnings ratio of 104.42, a PEG ratio of 5.64 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter last year, the firm earned $0.35 EPS. On average, sell-side analysts predict that salesforce.com, inc. will post 1.18 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CRM. Marshall Wace North America L.P. boosted its position in salesforce.com by 576.2% during the 1st quarter. Marshall Wace North America L.P. now owns 68,861 shares of the CRM provider’s stock valued at $10,907,000 after purchasing an additional 58,678 shares during the period. Clearbridge Investments LLC boosted its position in salesforce.com by 9.0% during the 1st quarter. Clearbridge Investments LLC now owns 205,464 shares of the CRM provider’s stock valued at $32,539,000 after purchasing an additional 16,970 shares during the period. Ocean Capital Management LLC boosted its position in salesforce.com by 11.0% during the 1st quarter. Ocean Capital Management LLC now owns 18,417 shares of the CRM provider’s stock valued at $2,917,000 after purchasing an additional 1,827 shares during the period. Rehmann Capital Advisory Group boosted its position in salesforce.com by 8.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,556 shares of the CRM provider’s stock valued at $405,000 after purchasing an additional 202 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its position in salesforce.com by 2.2% during the 1st quarter. Trust Co. of Toledo NA OH now owns 12,633 shares of the CRM provider’s stock valued at $2,001,000 after purchasing an additional 275 shares during the period. Institutional investors own 82.14% of the company’s stock.

Several equities research analysts recently commented on the company. Bank of America reiterated a “buy” rating and set a $200.00 target price on shares of salesforce.com in a report on Monday, May 20th. Nomura reiterated a “buy” rating on shares of salesforce.com in a report on Tuesday. Wedbush reiterated an “outperform” rating and set a $192.00 target price on shares of salesforce.com in a report on Friday. Exane BNP Paribas assumed coverage on salesforce.com in a report on Friday, March 29th. They set an “outperform” rating on the stock. Finally, BNP Paribas assumed coverage on salesforce.com in a report on Friday, March 29th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $178.57.

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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.

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