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

Salesforce.com (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $119.62, for a total transaction of $598,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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  • On Friday, April 13th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.50, for a total transaction of $597,500.00.
  • On Wednesday, April 11th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.62, for a total transaction of $598,100.00.
  • On Monday, April 9th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.30, for a total transaction of $591,500.00.
  • On Thursday, April 5th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.65, for a total transaction of $598,250.00.
  • On Tuesday, April 3rd, Marc Benioff sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $115.40, for a total transaction of $1,154,000.00.
  • On Wednesday, March 28th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $113.21, for a total transaction of $566,050.00.
  • On Monday, March 26th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $117.35, for a total transaction of $586,750.00.
  • 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 shares were 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 shares were sold at an average price of $126.48, for a total transaction of $632,400.00.

Shares of NYSE CRM opened at $119.41 on Tuesday. The stock has a market capitalization of $85,960.93, a PE ratio of 265.36, a price-to-earnings-growth ratio of 5.06 and a beta of 1.23. 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 52 week low of $83.00 and a 52 week high of $128.87.

Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. equities research analysts predict that Salesforce.com will post 0.97 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CRM. Buckingham Capital Management Inc. raised its position in shares of Salesforce.com by 18.6% in the third quarter. Buckingham Capital Management Inc. now owns 21,473 shares of the CRM provider’s stock valued at $2,006,000 after buying an additional 3,360 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Salesforce.com by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 735,951 shares of the CRM provider’s stock valued at $68,749,000 after buying an additional 4,510 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Salesforce.com by 85.3% in the third quarter. GSA Capital Partners LLP now owns 8,909 shares of the CRM provider’s stock valued at $832,000 after buying an additional 4,100 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Salesforce.com in the third quarter valued at about $30,096,000. Finally, Prudential Financial Inc. increased its position in Salesforce.com by 3.0% during the third quarter. Prudential Financial Inc. now owns 939,032 shares of the CRM provider’s stock worth $87,724,000 after purchasing an additional 27,783 shares during the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.

CRM has been the topic of several recent research reports. Vetr downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $111.23 price objective on the stock. in a report on Monday, January 8th. Guggenheim reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Salesforce.com in a report on Thursday, January 11th. Barclays reaffirmed an “overweight” rating and issued a $127.00 price objective (up from $117.00) on shares of Salesforce.com in a report on Thursday, January 18th. Royal Bank of Canada set a $120.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Cleveland Research initiated coverage on shares of Salesforce.com in a report on Wednesday, January 31st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and forty-six have assigned a buy rating to the stock. Salesforce.com presently has a consensus rating of “Buy” and an average price target of $124.85.

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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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