Marc Benioff Sells 5,000 Shares of Salesforce.com (CRM) Stock

Salesforce.com (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $117.35, for a total transaction of $586,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

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  • On Friday, March 23rd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $116.21, for a total transaction of $581,050.00.
  • On Wednesday, March 21st, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $122.36, for a total transaction of $611,800.00.
  • On Friday, March 16th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $126.48, for a total transaction of $632,400.00.
  • On Monday, March 19th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $125.63, for a total transaction of $1,256,300.00.
  • On Wednesday, March 14th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $127.67, for a total transaction of $638,350.00.
  • On Friday, March 9th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $127.01, for a total transaction of $635,050.00.
  • On Monday, March 12th, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $127.18, for a total transaction of $1,271,800.00.
  • On Wednesday, March 7th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $125.03, for a total transaction of $625,150.00.
  • On Monday, March 5th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $121.63, for a total transaction of $608,150.00.
  • On Friday, March 2nd, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.20, for a total transaction of $601,000.00.

Salesforce.com (NYSE CRM) traded up $4.54 during trading hours on Monday, hitting $118.97. The stock had a trading volume of 13,170,269 shares, compared to its average volume of 5,984,583. The firm has a market cap of $82,652.80, a P/E ratio of 699.86, a PEG ratio of 5.35 and a beta of 1.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. Salesforce.com has a fifty-two week low of $80.50 and a fifty-two week high of $128.87.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. equities analysts forecast that Salesforce.com will post 0.89 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CRM. Sandy Spring Bank raised its stake in Salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock valued at $2,799,000 after purchasing an additional 470 shares during the last quarter. King Luther Capital Management Corp raised its stake in Salesforce.com by 16.3% in the 3rd quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock valued at $319,000 after purchasing an additional 479 shares during the last quarter. Cetera Advisors LLC raised its stake in Salesforce.com by 17.5% in the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock valued at $334,000 after purchasing an additional 485 shares during the last quarter. BB&T Corp raised its stake in Salesforce.com by 2.6% in the 4th quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock valued at $2,121,000 after purchasing an additional 533 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Salesforce.com by 23.6% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider’s stock valued at $289,000 after purchasing an additional 540 shares during the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on CRM shares. Jefferies Group upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $97.00 to $84.00 in a research report on Thursday, February 15th. Barclays raised their target price on shares of Salesforce.com from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st. UBS set a $144.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Vetr lowered shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price on the stock. in a research report on Monday, December 4th. Finally, Credit Suisse Group restated an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of Salesforce.com in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.91.

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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.

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

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