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 Monday, August 19th. The shares were sold at an average price of $143.99, for a total value of $1,439,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, August 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $140.98, for a total value of $1,409,800.00.
  • On Monday, August 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.17, for a total value of $1,421,700.00.
  • On Thursday, August 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.49, for a total value of $1,424,900.00.
  • On Monday, August 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $144.57, for a total value of $1,445,700.00.
  • On Thursday, August 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.60, for a total value of $1,556,000.00.
  • On Monday, July 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $158.53, for a total value of $1,585,300.00.
  • On Thursday, July 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $158.90, for a total value of $1,589,000.00.
  • On Monday, July 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.96, for a total value of $789,800.00.
  • On Friday, July 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.39, for a total value of $791,950.00.
  • On Wednesday, July 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.94, for a total value of $794,700.00.

Shares of salesforce.com stock opened at $147.38 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $151.68 and its 200-day simple moving average is $156.26. The stock has a market capitalization of $111.66 billion, a price-to-earnings ratio of 101.64, a PEG ratio of 5.25 and a beta of 1.27. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. Sell-side analysts predict that salesforce.com, inc. will post 1.26 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in salesforce.com by 0.8% in the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock valued at $14,208,366,000 after acquiring an additional 698,321 shares during the period. Vanguard Group Inc. increased its position in salesforce.com by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 58,771,856 shares of the CRM provider’s stock valued at $8,917,454,000 after acquiring an additional 1,491,307 shares during the period. BlackRock Inc. increased its position in salesforce.com by 4.7% in the 2nd quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock valued at $8,521,967,000 after acquiring an additional 2,499,996 shares during the period. Price T Rowe Associates Inc. MD increased its position in salesforce.com by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after acquiring an additional 4,046,077 shares during the period. Finally, Jennison Associates LLC increased its position in salesforce.com by 8.4% in the 2nd quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock valued at $3,273,645,000 after acquiring an additional 1,673,392 shares during the period. Hedge funds and other institutional investors own 82.03% of the company’s stock.

A number of research analysts have commented on CRM shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $180.00 target price on shares of salesforce.com in a report on Monday, June 3rd. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $169.00 target price on shares of salesforce.com in a report on Tuesday, June 11th. Wedbush reaffirmed an “outperform” rating and set a $184.00 target price (down previously from $192.00) on shares of salesforce.com in a report on Tuesday. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $200.00 target price (up previously from $195.00) on shares of salesforce.com in a report on Wednesday, June 5th. Finally, OTR Global raised salesforce.com to a “positive” rating in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. salesforce.com presently has a consensus rating of “Buy” and an average target price of $179.79.

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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