salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, February 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.84, for a total transaction of $809,200.00.
  • 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $147.78, for a total transaction of $2,216,700.00.

Shares of NYSE:CRM opened at $160.40 on Thursday. The company has a market capitalization of $122.33 billion, a PE ratio of 356.44, a P/E/G ratio of 5.08 and a beta of 1.37. salesforce.com, inc. has a twelve month low of $106.73 and a twelve month high of $163.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22.

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

A number of hedge funds have recently added to or reduced their stakes in CRM. FMR LLC lifted its stake in salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after purchasing an additional 3,066,099 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in salesforce.com by 23.6% during the second quarter. Advisors Asset Management Inc. now owns 37,842 shares of the CRM provider’s stock valued at $5,162,000 after purchasing an additional 7,228 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in salesforce.com by 51.2% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 824,550 shares of the CRM provider’s stock valued at $131,128,000 after purchasing an additional 279,295 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in salesforce.com by 52.7% during the third quarter. Winslow Evans & Crocker Inc. now owns 8,262 shares of the CRM provider’s stock valued at $1,316,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Zweig DiMenna Associates LLC lifted its stake in salesforce.com by 7.9% during the third quarter. Zweig DiMenna Associates LLC now owns 120,357 shares of the CRM provider’s stock valued at $19,140,000 after purchasing an additional 8,850 shares during the last quarter. 85.17% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on CRM shares. TheStreet downgraded shares of salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. ValuEngine raised shares of salesforce.com from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada reissued a “buy” rating and set a $182.00 target price on shares of salesforce.com in a research note on Wednesday, November 28th. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research note on Monday, November 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $160.00 target price on shares of salesforce.com in a research note on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company. salesforce.com currently has an average rating of “Buy” and a consensus price target of $170.38.

ILLEGAL ACTIVITY WARNING: This article was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.thestockobserver.com/2019/02/14/salesforce-com-inc-crm-chairman-marc-benioff-sells-10000-shares-2.html.

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.

See Also: Understanding Price to Earnings Ratio (PE)

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply