salesforce.com, inc. (CRM) Chairman Sells $2,268,300.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $151.22, for a total value of $2,268,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, October 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.75, for a total value of $1,427,500.00.
  • On Wednesday, October 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.06, for a total value of $795,300.00.
  • On Friday, September 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.55, for a total value of $797,750.00.
  • On Monday, October 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.63, for a total value of $1,596,300.00.
  • On Wednesday, September 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.75, for a total value of $793,750.00.
  • On Monday, September 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.68, for a total value of $788,400.00.
  • On Friday, September 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $156.22, for a total value of $781,100.00.
  • On Wednesday, September 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $153.57, for a total value of $767,850.00.
  • On Monday, September 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $156.00, for a total value of $780,000.00.
  • On Friday, September 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.75, for a total value of $788,750.00.

NYSE CRM opened at $146.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 1 year low of $95.93 and a 1 year high of $161.19. The firm has a market capitalization of $120.34 billion, a price-to-earnings ratio of 326.09, a P/E/G ratio of 5.23 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. salesforce.com’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gemmer Asset Management LLC boosted its stake in salesforce.com by 105.9% in the third quarter. Gemmer Asset Management LLC now owns 41,289 shares of the CRM provider’s stock valued at $6,566,000 after acquiring an additional 21,236 shares in the last quarter. Bank of Montreal Can boosted its stake in salesforce.com by 63.7% in the third quarter. Bank of Montreal Can now owns 1,857,113 shares of the CRM provider’s stock valued at $295,337,000 after acquiring an additional 722,512 shares in the last quarter. Bellecapital International Ltd. acquired a new position in salesforce.com in the third quarter valued at $2,369,000. Busey Trust CO acquired a new position in salesforce.com in the third quarter valued at $207,000. Finally, Gradient Investments LLC boosted its stake in salesforce.com by 6.0% in the third quarter. Gradient Investments LLC now owns 7,668 shares of the CRM provider’s stock valued at $1,219,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 82.75% of the company’s stock.

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 14th. Piper Jaffray Companies upped their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Barclays upped their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Wedbush upped their price objective on salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Finally, Societe Generale set a $170.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Five equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $164.62.

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.

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