salesforce.com, inc. (NYSE:CRM) CEO Sells $720,850.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $144.17, for a total transaction of $720,850.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, October 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $144.43, for a total transaction of $722,150.00.
  • On Wednesday, October 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.10, for a total transaction of $735,500.00.
  • On Monday, October 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.52, for a total transaction of $747,600.00.
  • On Friday, October 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.90, for a total transaction of $749,500.00.
  • On Wednesday, October 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.19, for a total transaction of $735,950.00.
  • On Monday, October 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $148.52, for a total transaction of $742,600.00.
  • On Friday, October 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.68, for a total transaction of $738,400.00.
  • On Wednesday, October 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $144.28, for a total transaction of $721,400.00.
  • On Monday, September 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $148.37, for a total transaction of $741,850.00.
  • On Friday, September 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.38, for a total transaction of $746,900.00.

Shares of salesforce.com stock traded up $0.46 during trading hours on Monday, reaching $144.55. The company’s stock had a trading volume of 3,375,942 shares, compared to its average volume of 5,814,701. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The company has a market capitalization of $128.19 billion, a P/E ratio of 99.69, a P/E/G ratio of 6.26 and a beta of 1.23. The stock’s fifty day simple moving average is $150.16 and its two-hundred day simple moving average is $153.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC bought a new position in shares of salesforce.com during the second quarter valued at about $26,000. Personal Wealth Partners bought a new position in shares of salesforce.com during the second quarter valued at about $28,000. Strategic Blueprint LLC bought a new position in shares of salesforce.com during the third quarter valued at about $30,000. Enterprise Trust & Investment Co lifted its position in shares of salesforce.com by 234.4% during the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in shares of salesforce.com by 1,813.3% during the third quarter. Tradewinds Capital Management LLC now owns 287 shares of the CRM provider’s stock valued at $43,000 after purchasing an additional 272 shares in the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. They noted that the move was a valuation call. Northland Securities set a $185.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. Stephens set a $184.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. TheStreet cut shares of salesforce.com from a “b” rating to a “c” rating in a report on Thursday, August 22nd. Finally, JMP Securities raised their price target on shares of salesforce.com from $178.00 to $191.00 and gave the stock a “market outperform” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $184.31.

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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