Marc Benioff Sells 10,000 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $157.57, for a total transaction of $1,575,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, June 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $149.73, for a total transaction of $1,497,300.00.
  • On Friday, June 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.05, for a total transaction of $785,250.00.
  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.44, for a total transaction of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.83, for a total transaction of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $150.49, for a total transaction of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.14, for a total transaction of $1,511,400.00.
  • On Monday, June 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $157.75, for a total transaction of $1,577,500.00.
  • On Monday, June 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $149.88, for a total transaction of $1,498,800.00.
  • On Thursday, May 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.21, for a total transaction of $776,050.00.
  • On Tuesday, May 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $156.07, for a total transaction of $780,350.00.

Shares of CRM traded up $1.04 during mid-day trading on Friday, reaching $151.73. 6,933,966 shares of the company’s stock were exchanged, compared to its average volume of 9,061,197. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market cap of $116.94 billion, a PE ratio of 104.64, a PEG ratio of 5.58 and a beta of 1.39. The stock’s fifty day simple moving average is $154.25. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, equities analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Avondale Wealth Management grew its position in salesforce.com by 100.0% in the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Citizens Financial Group Inc RI purchased a new position in salesforce.com in the 1st quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC purchased a new position in salesforce.com in the 4th quarter valued at $28,000. CX Institutional grew its position in salesforce.com by 426.5% in the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after buying an additional 145 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its position in salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Several analysts recently weighed in on the stock. Mizuho assumed coverage on shares of salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 target price on shares of salesforce.com in a report on Wednesday, April 17th. Robert W. Baird raised their target price on shares of salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Macquarie increased their price target on shares of salesforce.com from $174.00 to $188.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Co increased their price target on shares of salesforce.com from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.97.

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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