Salesforce.com (CRM) CEO Sells $632,400.00 in Stock

Salesforce.com (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $126.48, for a total transaction of $632,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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  • On Wednesday, April 11th, Marc Benioff sold 5,000 shares of Salesforce.com stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $122.36, for a total transaction of $611,800.00.
  • 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.

NYSE CRM traded up $2.24 during trading on Thursday, reaching $121.40. 4,413,896 shares of the stock traded hands, compared to its average volume of 5,907,531. The stock has a market cap of $86,307.63, a P/E ratio of 269.78, a P/E/G ratio of 5.09 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. Salesforce.com has a fifty-two week low of $83.00 and a fifty-two week high of $128.87.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. analysts predict that Salesforce.com will post 0.97 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in Salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after buying an additional 762 shares in the last quarter. First Mercantile Trust Co. bought a new position in Salesforce.com in the fourth quarter valued at approximately $123,000. Cerebellum GP LLC bought a new position in Salesforce.com in the fourth quarter valued at approximately $125,000. Icon Wealth Partners LLC bought a new position in Salesforce.com in the fourth quarter valued at approximately $131,000. Finally, Truewealth LLC bought a new position in Salesforce.com in the fourth quarter valued at approximately $133,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

CRM has been the subject of a number of analyst reports. TheStreet raised shares of Salesforce.com from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Jefferies Group raised shares of Salesforce.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $97.00 to $84.00 in a report on Thursday, February 15th. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 price objective for the company in a report on Monday, February 12th. UBS set a $135.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Cleveland Research initiated coverage on shares of Salesforce.com in a report on Wednesday, January 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $124.85.

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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.

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

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