salesforce.com, inc. (CRM) Chairman Sells $1,575,400.00 in Stock

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salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $157.54, for a total transaction of $1,575,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, February 7th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $157.10, for a total transaction of $2,356,500.00.
  • On Monday, February 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.84, for a total transaction of $1,558,400.00.
  • On Thursday, January 31st, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $148.46, for a total transaction of $2,226,900.00.
  • On Monday, January 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.21, for a total transaction of $1,482,100.00.
  • On Thursday, January 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.56, for a total transaction of $1,485,600.00.
  • On Tuesday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.47, for a total transaction of $747,350.00.
  • On Friday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $152.15, for a total transaction of $760,750.00.
  • On Monday, January 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $145.90, for a total transaction of $729,500.00.
  • On Wednesday, January 16th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $147.78, for a total transaction of $2,216,700.00.
  • On Friday, January 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.23, for a total transaction of $736,150.00.

CRM stock traded up $3.24 during mid-day trading on Monday, reaching $159.91. The company had a trading volume of 7,112,853 shares, compared to its average volume of 5,445,314. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $119.85 billion, a price-to-earnings ratio of 355.36, a PEG ratio of 5.08 and a beta of 1.37. salesforce.com, inc. has a one year low of $105.93 and a one year high of $161.50.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. As a group, analysts predict that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

CRM has been the subject of a number of recent analyst reports. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research report on Monday, November 12th. Stephens initiated coverage on shares of salesforce.com in a research report on Wednesday, January 16th. They set an “overweight” rating and a $183.00 price target for the company. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Atlantic Securities initiated coverage on shares of salesforce.com in a research report on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price target for the company. Finally, Nomura initiated coverage on shares of salesforce.com in a research report on Monday, October 29th. They set a “buy” rating and a $181.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company. salesforce.com currently has an average rating of “Buy” and a consensus target price of $170.38.

A number of hedge funds have recently bought and sold shares of CRM. Oregon Public Employees Retirement Fund lifted its stake in salesforce.com by 29,364.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after buying an additional 21,642,889 shares during the last quarter. BlackRock Inc. lifted its stake in salesforce.com by 9.2% in the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after buying an additional 4,321,630 shares during the last quarter. FMR LLC lifted its stake in salesforce.com by 3.5% in the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after buying an additional 3,066,099 shares during the last quarter. Jennison Associates LLC lifted its stake in salesforce.com by 18.3% in the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after buying an additional 3,041,293 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. Institutional investors own 85.17% of the company’s stock.

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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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